40+ Acre M-1 Cleaned up Velsicol Site

Industrial for Sale
Sale Pending
Catylist Listing ID: 30211979
Property Subtypes: Manufacturing
Status: Pending
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Gross Land Area: 40.96 Acres
Sale Price: $1,350,000
Unit Price: $337.50 PSF
Office SF: 4,000 SF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: Former Velsicol Chemical Corporation
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/12/2020

Overview / Comments

The property is listed as two parcels, however, the largest parcel which is 36.59 acres has a railroad dividing 4.1 acres from it. There are two buildings on the property. The first building which is the former engineering building has 4,000 sq ft of office space, conference area, reception lobby, two bathrooms, and a small kitchen area. The other building was used as a change house for the employees. The smaller parcel is 4.4 acres which are located across Central Avenue away from the main property. The 40 plus total acres offers a great opportunity for a commercial business. This property has undergone remediation through the oversite of the State of Tennessee Department of Environment and Conservation (TDEC).

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033167F F 04100P000
Zoning: M1
Site Description: There are two buildings located on the site. The building on the larger parcel has a reception area, conference area, and several offices with two bathrooms and kitchen area. The other building which is located on the 4.1-acre parcel is a smaller building and was used for the employees to shower and change.
Area Description: The site is located 3.5 miles south of downtown Chattanooga, Tennessee. The property is bordered by industrial properties, open land, and residential areas.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1965
Year Renovated: 1993
Construction/Siding: Block
Parking Type: Surface
Parking Description: The property has a large paved and gravel parking lot next to the engineering office building with over 100 spaces.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,111 47,230 116,964
Median Age: 33.36 35.69 36.97
Households: 2,475 18,252 47,458


Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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