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

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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


Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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