Brainerd Multi-Tenant Building For Sale 10+ Cap Potential

Office for Sale
Catylist Listing ID: 30210479
Property Subtypes: Office Building
Building Size (RSF): 2,548 SF
Gross Building Area: See Agent
Gross Land Area: 0.20 Acres
Sale Price: $225,000
Unit Price: $88.30 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 8/15/2018

Overview / Comments

Rare opportunity to own a multi-tenant investment building on busy Brainerd Rd under $250k!

Fully leased, the building has the potential to be almost an 11 cap!

Property has lots of character and 5 small suites perfect for salons, offices, insurance agencies, CPA's, and many others!

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 157M A 016
Property Located Between: Just Debra Rd. and Eastgate Loop
Highway Access: Very close proximity to I-75
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1962
Total Parking Spaces: 18
Lot Frontage: 97
Lot Depth: 148

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,760 64,005 162,380
Median Age: 36.36 39.23 37.56
Households: 2,926 27,904 66,826

Contact

Photograph of Listing Agent

Virginia F Brockman

KW Commercial Greater Chattanooga REALTORS® Member
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