Stand Alone Class A Office; Hwy 27

Office for Sale
Catylist Listing ID: 30474290
Property Subtypes: Office Building
Building Size (RSF): 2,089 SF
Gross Building Area: See Agent
Sale Price: $780,000
Unit Price: $373.38 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/11/2020

Overview / Comments

** PRICE REDUCED ** Stand Alone, Class A Office Building; One Acre Corner Lot at Lighted Interchange on Major Commuter Route (5-lane); less than 1000 ft to Highway 27 Interchange; 7 minutes to Downtown Chattanooga. Area Uses include Area Hospital Erlanger North Hospital (24/7 Emergency, Cardiac, Sports Med), Area Education Red Bank Middle/High Schools (1300 Students), Area Kidney Center, Local Dental Office, Professional Plaza with Medical Uses, Mega-Churches, Grocery-Anchored Shopping Center, Multi-Family Corridor, Municipal Parks, Fast Food / Convenience Stores. Subject Property has excellent visibility and line-of-sight from Morrison Springs Rd due to its corner location at the lighted interchange with Mountain View Rd. The interchange serves traffic to/from schools, hospital, medical services, churches, municipal swimming pool / recreation area, shopping, single family residential and a concentration of multi-family complexes. The 1 acre lot enhances the stand-alone presence of the distinctive all-brick office building. Curb Cuts are conveniently located off of the Morrison Springs frontage to employ turn lanes for easy ingress/egress (even for 'left-in / left-out' patterns). Alternative access is provided from Mountain View Rd. The Property exhibits professional appeal with prominent placement on the lot, landscaping, grade level entry and professional design. Interior features include foyer vestibule, Reception / Waiting Area, Executive Offices, Conference Room, Two Baths, Large Break Room (with private rear entry/exit) and centrally-located staff workroom. The property is Zoned in the City of Chattanooga as C-2 Commercial which would be suitable for a variety of uses including Banks, Retail Sales, Medical Uses, Office Uses, Restaurants, Schools and Churches.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033108L A 00301
Property Located Between: Hwy 27 Morrison Springs Exit and Erlanger North Hospital
Property Visibility: Excellent
Highway Access: TN State HWY 27 (<1000 ft distance to interchange).
Airports: Chattanooga Municipal
Site Description: Corner Lot at Lighted Interchange; 5-Lane Commuter Route. Level, Highly Visible.
Area Description: Major Commuter Connector to Hwy 27 Interchange. Medical Corridor with Erlanger North Hospital. Large Public Education Complex and Facilities (high / middle school = 1300 students). Municipal Park and Swimming Pool. Grocery-Anchored Shopping Center, Fast Food, Convenience Shopping. Concentration of Multi-Family Complexes.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,089 SF
Year Built: 2014
Construction/Siding: Brick
Exterior Description: All Brick
Total Parking Spaces: 12
Interior Description: Class A Office, Professioanl Finishes, Executive Style Offices, Conference Room, 2 Bath, Large Break Room with private Exit.
Zoning Description: C-2 COmmercial (City of Chattanooga)
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Utilities 15' ; Sewer 25'. Certain Deed Restrictions apply as to use as "Convenience Store"
Legal Description: Lot 7A Revised, Blck D of Pleasant Hills Addition, Plat Book 62, Page 221 ROHC.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,905 45,908 85,144
Median Age: 40.12 39.81 39.93
Households: 2,391 20,162 36,916


Photograph of Listing Agent

John Mitchum

RE/MAX Renaissance Realtors Greater Chattanooga REALTORS® Member
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