Downtown Store front office for sale

Office for Sale
Catylist Listing ID: 30792931
Property Subtypes: Flex Space, Other
Condo? Yes
Building Size (RSF): 1,250 SF
Gross Building Area: 3,600 SF
Sale Price: $495,000
Ceiling: 16 ft.
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class A
Usable Size (USF): 1,250 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/10/2022

Overview / Comments

Commercial store front condo, available in the heart of Downtown Chattanooga. Walking distance to local restaurants, cafe's and court house. Completely renovated in 2021 with a total square footage of 1250sf, with an industrial steel mezzanine. The building has maintained its original exterior and interior brick facade. The space has over 16ft ceilings, and a lot of natural light. Currently tenant occupied, lease to expire Aug of 2024. The building has a total of 5 units; 1 commercial space and 4 residential units in the second and third floor which were sold last year. Residential Units have their own access.

Current Tenants

Tenant Business Name Pignooga
Industry Type Other Services
Is Renting? Yes
Annual Revenue $30,000 (Annual)
Employees Total 2
Employees at Location 1
Suite Number 101
SF of Space Occupied 1,250 SF
Current Rent $24 PSF (Annual)
Lease Expiration 8/2024
Escalations 5% Annual increase

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033145D L 00300P000
Is Condo?: Yes
Zoning: COMMERCIAL
Property Located Between: cherry st and Georgia ave
Property Visibility: Excellent
Airports: chattanooga airport
Total Number of Buildings: 1
Number of Stories: 3
Year Renovated: 2021
Construction/Siding: Brick
Parking Type: Surface
Parking Description: paid parking lot located right by building or metered parking across the street
Sprinklers: Dry
Heat Type: Electricity
Heat Source: Wall Units
Air Conditioning: Package Unit
Internet Access: Fiber Optic
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,174 52,134 128,069
Median Age: 32.04 33.96 36.71
Households: 3,804 20,870 53,257

Contact

Photograph of Listing Agent

Lizz Compton

Keller Williams Realty Greater Chattanooga REALTORS® Member
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