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 |
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 |
|
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