Updated Medical Condo For Sale or Lease -Hamilton Place

Office for Sale
Catylist Listing ID: 30588047
Property Subtypes: Business Park, Executive Suites, Governmental, Medical, Office Building
Condo? Yes
Building Size (RSF): 2,250 SF
Gross Building Area: 13,200 SF
Gross Land Area: 0.41 Acres
Sale Price: $450,000
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Building Name: Hamilton Office Park
Class of Space: Class A
Usable Size (USF): 2,250 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/8/2020

Overview / Comments

This is an updated medical office condo suite located in the Hamilton Place Mall sub-market. It is located in the Hamilton Park office park which includes two office buildings and a First Bank bank building. This suite was previously a Low T medical office. The seller/landlord has just spent about $20,000 updating the interior and it looks better than ever. This location is across the street from the YMCA location.

The suite has 2,250 SF and contains the following: reception area for 15-20 chairs, front conference room, front restroom for customers, 7 offices which are about 10 by 12 feet, a office which is used as a nurses station, a break room and a rear restroom that has a shower. The parking is plentiful and located directly in front of all suites.

The suite to the right of this suite is also for sale or lease. The suites could be combined for 4,500 SF.

This is a must see if you are interested in buying or leasing a quality office. The lease listing is at #30588048.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County / Chattanooga City
Tax ID/APN: 149J A 001.01C003
Is Condo?: Yes
Zoning: R4
Property Located Between: Shallowford Rd and Ogletree Ave
Property Visibility: Good
Highway Access: Located just one block from Gunbarrel Road and two blocks from Exit #5 off I-75.
Airports: Chattanooga Metropolitan
Site Description: The site is level and at street grade. Property is accessed via Shallowford Rd or Ogletree Avenue. Parking is striped and in front of the building.
Area Description: The whole property contains 3 buildings which are owned via a condominium agreement.
Total Number of Buildings: 3
Number of Stories: 1
Typical SF / Floor: 2,215 SF
Year Built: 2006
Year Renovated: 2020
Roof Type: Arched
Construction/Siding: Brick
Exterior Description: Attractive red brick.
Parking Type: Surface
Parking Description: Parking lot is level and striped. Parking is in front of the suites.
Total Parking Spaces: 11
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Interior has just been updated to the tune of about $20,000. Includes painting, ceiling tiles and other improvements.
Zoning Description: R4
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned,condo

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,637 47,037 97,961
Median Age: 39.57 40.08 39.61
Households: 3,522 19,759 39,729


Photograph of Listing Agent

Robert Fisher

KW Commercial Greater Chattanooga REALTORS® Member
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