Red Bank Warehouse/Office Space

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30371716
Property Subtypes: Flex Space, Mixed Use, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 15,631 SF
Gross Building Area: See Agent
Sale Price: $375,000
Unit Price: $23.99 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 2/18/2019

Overview / Comments

Welcome to 2405 Lyndon Ave, a warehouse/office building with a great Red Bank location. The property includes frontage on Dayton Blvd and parking off the Lyndon Ave entrance. The 20 parking spaces associated with this property are rented yearly for $2,500. The building features approximately 12,000 sqft of warehouse space and 4,000 sqft of office space. The ample warehouse space is ideal for an expanding business and also ideal for savvy investors who want to rent out different sections of the warehouse. There are currently tenants in place using some of the space, allowing you to pay your mortgage with the $1,100 GMI, while still offering plenty of space for your own business. Many upgrades include electrical, sprinkler and roofing repairs. If you're looking to expand your business in a growing community, this could be your ideal property. Call today for your private showing!

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 117M D 002.01
Tenancy: Multiple Tenants
Year Built: 1930
Parking Type: Surface
Legal Description: Lt 2 Greg McCourt Sub Pb 101 Pg 77 Out Of 117M D 002 For 2015

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,800 43,797 110,870
Median Age: 32.48 38.68 38.35
Households: 3,709 19,797 46,524


Photograph of Listing Agent

Grace Frank

Real Estate Partners Chatt LLC Greater Chattanooga REALTORS® Member
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