former Stowers Machinery Corp. (Stowers Cat site)

Industrial for Sale
Catylist Listing ID: 30736156
Property Subtypes: Flex Space, Free-Standing, Mixed Use, Light Industrial, Office Showroom, Truck Terminal, Other
Building Size (RSF): 14,520 SF
Gross Land Area: 3.15 Acres
Sale Price: $1,750,000
Unit Price: $120.52 PSF
Office SF: 6,000 SF
Drive In Bays: 6 Bays
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: former Stowers Equipment Corp., Stowers Caterpillar Dealer
Usable Size (USF): 14,520 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/19/2021

Overview / Comments

From 4th Avenue Exit off I-24 to Kelley Street is the Lifeguard Ambulance Service Property presently former Stowers Machinery Corp (Caterpillar) location. Zoned M-1 this 3.15 Acre site (includes an extra lot);14,520 sf split block and metal building currently used as Lifeguard Ambulance Service until mid summer and formerly Caterpillar/Stower Machinery Corp. (heavy construction equipment) property. 6 bay shop with back truck/ambulance washing (rear corner of the building). Excellent potential for medical, equipment retail or multitude of potential other uses. Easy access to I-24 east and west and the booming south and east side corridors of Chattanooga. Traffic Counts approximately 11,000 vehicles per day on 4th Avenue plus visible from property I-24 traffic counts 118,000 vehicles per day. Excellent expansion capabilities.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga
Tax ID/APN: 033156G F 03200
Zoning: M-1
Property Located Between: 23rd Street and Kelley Street
Highway Access: I-24 East or West exit 4th Ave to Kelley Street enter property
Airports: Chattanooga Lovell Field
Site Description: 2050 S Kelley Street, currently an Ambulance Service formerly a heavy equipment dealer (Caterpillar) Zoned M-1 Industrial, 3 minutes from I-24 East and West or 5 minutes to downtown Chattanooga. 14,520 sf building situated on 3.2 acre parcel within city of Chattanooga city limits.
Area Description: Directly off I-24 East and West at 4th Avenue which turns into Kelly Street (after crossing 23rd Street one of main entrances into urban Chattanooga's southside. Classified as urban infill this area has excellent current and future potential for retail, wholesale, and mixed use development.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 14,520 SF
Property Condition: Excellent
Year Built: 1963
Year Renovated: 2009
Roof Type: Arched
Construction/Siding: Brick/Aluminum Siding
Exterior Description: Metal, Split-Face Block
Parking Ratio: 3.2 (per 1000 SF)
Parking Type: Surface
Parking Description: Surface Parking
Total Parking Spaces: 45
Sprinklers: None
X-Phase: 3-Phase
Heat Type: Electricity, Natural Gas
Heat Source: Central, Radiant
Air Conditioning: Evaporative Cooler
Lighting: Fluorescent
Internet Access: Gigabit
Interior Description: Approximately 6000 sf comprised of office, conference, kitchen, sleeping rooms, and break room.
Zoning Description: M-1
Lot Frontage: 205'
Lot Depth: 602'
Water Service: Municipal
Sewer Type: Municipal, Storm
Land Ownership: Owned/Single Owner
Legal Description: Lt 1 Stowers Sub Pb 61 Pg 394 0118 21 20

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,550 80,056 149,788
Median Age: 29.86 36.05 36.9
Households: 4,026 32,168 61,860

Contact

Photograph of Listing Agent

Tad Bromfield

Sentinel Commercial Properties Greater Chattanooga REALTORS® Member
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