44+ acres of M-1 land in Chattanooga

Industrial for Sale
Sale Pending
Catylist Listing ID: 30756279
Property Subtypes: Industrial-Business Park, Manufacturing, Light Industrial, Warehouse/Distribution
Status: Pending
Building Size (RSF): 6,000 SF
Gross Building Area: See Agent
Gross Land Area: 44 - 45 Acres
Sale Price: $2,890,000
Unit Price: $481.67 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Building Name: Acme Brick
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/24/2022

Overview / Comments

This property is back on market! Former ACME Brick manufacturing plant just 4.5 miles to Downtown Chattanooga. 44+/- acres can be redeveloped for manufacturing or possibly re-zoned for multi-family development.
This property includes 2 office buildings. Main office is two floors, 6,236 SF and was built in 1999. The second office is 1,754 SF and not currently being used. Large building in rear of property has over 100,000 SF under roof. Buyer to verify acreage, building sizes and all other information.

Ability to be rail served

Property located in Opportunity Zone

Utilities including water, sewer, gas, internet, phase 3 power,

Not in 100 or 500-year floodplain

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga
Tax ID/APN: 033167F A 00100P000
Zoning: M-1
Property Located Between: St. Elmo and Alton Park
Highway Access: Just 2.5 miles from Highway 24
Rail Access: Yes
Airports: Chattanooga Airport
Site Description: Land situated east of historic St. Elmo with wooded lot on sloping terrace in Alton Park area. Large flat area with covered sheds, plenty of parking and storage on paved lot makes this an ideal location for industrial services/operations.
Tenancy: Single Tenant
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Fair
Construction/Siding: Brick
Exterior Description: Main office is a metal building with a brick facade. Secondary brick building is right next to main office. Free standing manufacturing building/shed is located behind these buildings.
Parking Type: Surface
Parking Description: Main office parking has 10 spots for visitors while manufacturing facility behind it has plenty of room for tractor trailers or storage. Very large lot.
Sprinklers: None
X-Phase: 208 x 3-phase
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Lighting: Fluorescent
Interior Description: Very nice 6,000 SF+- office area currently being leased by Acme Brick.
Zoning Description: M-1 land suited for heavy manufacturing but could be ideal for multi-family or single resident development if re-zoned residential.
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Rail spur serves site.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,941 46,981 114,194
Median Age: 33.64 34.33 36.59
Households: 2,508 17,551 46,297


Photograph of Listing Agent

Hamilton Brock

Twelve Stones Property Group Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

John Eyster

Twelve Stones Property Group Greater Chattanooga REALTORS® Member
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