M-1 Multi-Tenant Flex Complex
Industrial
for Sale
Sale Pending
| Catylist Listing ID: |
30663672 |
| Property Subtypes: |
Flex Space, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution, Other
|
| Status: |
Pending |
| Building Size (RSF): |
24,500 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.90 Acres
|
| Sale Price: |
$1,350,000 |
| Unit Price: |
$55.10 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/19/2021 |
Overview / Comments
|
Excellent opportunity to own a multi-tenant complex with flexible warehouse/workshop/storage space. This M-1 property consist of three buildings sitting on 1.9 acres on the industrial side of Amnicola Highway. Each building has its own unique layout of offices and flex space to fit multiple tenant usages. The property has 16 drive-in doors (3 - 12x10 and 13 - 10x10), 80 plus parking spaces, and three points of entry access at the corner of Riverside Drive and Appling Street. There are 15 tenant spaces. The property currently has 4 spaces that are leased.
|
Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Tax ID/APN: |
033127N D 02000 |
| Zoning: |
M-1 |
| Property Located Between: |
Latta Street and Appling Street |
| Highway Access: |
The property is five blocks from Amnicola Hwy, 1.5 miles from Hwy 153 and 3 miles from Interstate 75. |
| Airports: |
Chattanooga Airport |
| Site Description: |
The property consist of three brick and metal sided buildings with attractive landscaping. |
| Area Description: |
Located in the industrial/commercial district of Amnicola Highway, this property is surrounded by light and heavy industrial businesses. The property is about 2 miles from the central business district of Chattanooga. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
3 |
| Number of Stories: |
1 |
| Year Built: |
1997 |
| Roof Type: |
Flat |
| Construction/Siding: |
Block |
| Exterior Description: |
The property consist of 3 masonry concrete block buildings with a brick/metal facade. |
| Parking Type: |
Surface |
| Parking Description: |
The parking is flat, paved and runs along the perimeter of the buildings. There are 80 plus parking spaces. |
| Total Parking Spaces: |
80 |
| Lot Frontage: |
579 |
| Lot Depth: |
328 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,618 |
59,369 |
146,505 |
| Median Age: |
33.16 |
35.62 |
37.38 |
| Households: |
1,801 |
24,156 |
62,110 |
|
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