Catylist ID:
#30645194
Vance Road - Investment Opportunity
Office
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30645194 |
| Property Subtypes: | Medical, Mixed Use, Flex Space |
| Status: | Pending/Contingent |
| Building Size (RSF): | 16,000 SF |
| Gross Land Area: | 1.38 Acres |
| Sale Price: | $975,000 |
| Unit Price: | $60.94 PSF |
| Property Use Type: | Net Leased Investment (NNN) |
| Building Name: | Women's Diagnostic Center |
| Class of Space: | Class C |
| Usable Size (USF): | 16,000 SF |
| Sale Terms: | Cash to Seller |
| Average Occupancy Rate: | 100 |
| Last Updated: | 9/18/2021 |
Overview / Comments
|
Multi-tenant facility featuring 6-units is currently fully occupied. Possible uses: office, retail, restaurants, warehouse (up to 5,000 sq. ft.) The immediate neighborhood is dominated by industrial, commercial and residential land uses. This property is centrally located between the Eastgate Retail District, Hamilton Place Retail District and the Amnicola Industrial District. Prior to the current use, this building housed Appliance Factory Warehouse. |
Additional Details
| Nearest MSA: | Chattanooga |
| County: | Hamilton |
| Taxing Authority: | Hamilton |
| Tax ID/APN: | 148O B 001.04 |
| Zoning: | C-2 |
| Property Located Between: | Lee Hwy and Shepherd Road |
| Property Visibility: | Excellent |
| Highway Access: | I-24, I-75 and I-59 is less than 3-miles southeast of subject property. HWY 153 is approx. 1-mile from subject property. |
| Airports: | Lovel Field is less than 1-mile east of the Subject Property. |
| Site Description: | Property located on a 2-lane, secondary collector street. Parking Ratio is 2.81 marked spaces per 1,000 sq. ft. of gross building area; outside lighting is a vapor pole. |
| Area Description: | The immediate neighborhood is dominated by industrial, commercial and residential land uses. The adjoining land usuage includes single-unit residential, industrial, and multi-tenant shopping centers. |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 16,000 SF |
| Year Built: | 1981 |
| Year Renovated: | 2018 |
| Roof Type: | Flat |
| Construction/Siding: | Brick/Aluminum Siding |
| Exterior Description: | The topography is level to sloping. The building is 39 years old. |
| Parking Ratio: | 2.8 (per 1000 SF) |
| Parking Type: | Surface |
| Parking Description: | Open asphalt paved parking lot with multiple parking options |
| Total Parking Spaces: | 45 |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Internet Access: | Cable, Fiber Optic |
| Interior Description: | A multi-tenant office/industrial flex facility, featuring six individual units, referred to as Unit A (854 sf/office space), Unit B (3,7360 sf/flex space w/1,110 sf of office--30%), Unit C (4,286 sf/office space w/1,636 sf of office --38%), Unit D (4,585 sf/office space), Unit E (1,415 sf/office space) and Unit F (1,100 sf/warehouse storage space). 1. Ceilings: Acoustic Tile, Metal Frame with insulation; 2. Lighting: Recessed Florescent, Florescent Strip, 3. Drywall: Trim-Rubber Baseboard, Metal Door Frame; 4. Floor Cover: Vinyl Tile, Carpet, Finished Concrete; 5. Interior Doors- Solid Wood; 6. Restrooms: 5 Uni-Sex Restrooms, 1 Set of Men and Women's Restrooms. |
| Zoning Description: | Hamilton County Zoning Commission: C2 (Local Business Commercial District, intended for retail, office, consumer service, financial, restaurant, warehouse (up to 5,000 sq. ft.), schools, churches and governmental uses. |
| Lot Frontage: | 285.65 Feet |
| Lot Depth: | 290 Feet |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements Description: | None known |
| Land Ownership: | The land is owned. |
| Legal Description: | Lt 3 Pryor Bacon Resub 37-177 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 6,741 | 54,679 | 139,256 |
| Median Age: | 36.9 | 39.46 | 39.3 |
| Households: | 3,201 | 24,679 | 58,024 |
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