Building & Business, Will Separate

Industrial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30531728
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Research & Development, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 15,335 SF
Gross Building Area: See Agent
Sale Price: $1,693,000
Unit Price: $110.40 PSF
Docks/Doors: 5 Doors
Office SF: 1,500 SF
Drive In Bays: 5 Bays
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Ortmeier Machinery Co., Inc.
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/7/2020

Overview / Comments

Within sight of I-24 and Sculpture Fields at Montague Park. Great Industrial Building with parking and fenced yard. Real Estate and business may be purchased separately with acceptable offer. Ingress/Egress, 2 Streets, Traffic Light. Turn-key Machinery, Welding & Repair Business available for the first time in 114 years. Located less than 5 minutes from I-24, the M-1 site is over an acre with ingress-egress on E. 23rd St., and S. Holtzclaw Ave.. 15,335 sq ft in two buildings under roof, 5 overhead doors, three-phase power total of 6 bathrooms, upstairs office/storage/work/live; raised office platform, machine and welding shop and exterior loading dock. Fully operating business includes the business, machinery, tools, materials, vehicles, equipment along with real estate. Equipment is well maintained, operable, used on a daily basis and includes some speciality pieces. Contact Agent for additional information on business or real estate. Shown by Appointment Only

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chattanooga Hamilton County TN
Tax ID/APN: 033156H B 00601
Zoning: M-1
Property Located Between: I-24 and East Main St., Holtzclaw and 4th Avenues
Highway Access: Less than 3 minutes off I-24
Airports: Lovell Field, Chattanooga, TN
Site Description: Building sits on over an acres level lot with plenty of parking and loading, off-loading areas, exterior loading dock and bay access. The business is less than 3 minutes off I-24, high visibile and easily accessible from E. 23rd St., and S. Holtzclaw St.
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 15,336 SF
Property Condition: Good
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Parking Description: Parking at the front and side of the main building with an adjoining vacant gravel lot for over flow or truck parking.
X-Phase: 3
Heat Type: Space Heaters, Suspended Radiant Heaters
Air Conditioning: Window Unit
Lighting: Fluorescent, Incandescent
Zoning Description: M-1
Lot Frontage: 164'
Lot Depth: 254
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,370 68,573 141,629
Median Age: 28.52 34.97 36.88
Households: 2,877 27,337 58,294


Photograph of Listing Agent

Judy Holley

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Jefferson Holley

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
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