12 Unit Office Building FOR SALE - Less than 1/2 Mile from I-75

Office for Sale
Catylist Listing ID: 30268500
Property Subtypes: Business Park, Executive Suites, Governmental, Flex Space, Office Building
Building Size (RSF): 6,144 SF
Gross Building Area: See Agent
Gross Land Area: 0.47 Acres
Sale Price: $495,000
Unit Price: $80.57 PSF
Property Use Type: Investment, Business
Building Name: East Ridge Plaza One
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/14/2018

Overview / Comments

East Ridge Plaza One - located on Ringgold Road at Frawley Road - LESS THAN A HALF MILE FROM INTERSTATE 75.

Two story office building with twelve total units. Six ground level units are accessed by storefront doors. Six upper level units are accessed by interior stairways from the ground level. All units are between 420 and 476 square feet, are individually metered for electricity, and have a bathroom.

Office interiors are partitioned with wood joists that are covered in drywall. Floors are carpet and pad with some hardwood and tile in areas. Exterior walls include brick veneer on frame on the base levels are siding on frame for the upper levels.

Gable roof system that covered with standing seam metal panels. All vinyl siding and roofs replaced in 2003 by Hulco.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 170G A 015
Zoning: C-2
Property Located Between: Located on Ringgold Road at Frawley Road, less than a half mile from I-75
Property Visibility: Excellent
Highway Access: I-75 less than a half mile away.
Airports: Chattanooga Metropolitan Airport
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1985
Construction/Siding: Brick/Vinyl Siding
Parking Description: 9 Parking Spots face Building. Additional Parking Spots face Ringgold Road.
Lot Frontage: 100
Lot Depth: 189.2
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,525 52,446 146,852
Median Age: 39.59 39 39.19
Households: 1,506 23,121 60,970

Contact

Photograph of Listing Agent

Lisa A Brown

Keller Williams Realty Greater Chattanooga REALTORS® Member
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