COMMERCIAL OFFICE, MEDICAL OR RETAIL BUILDING FOR SALE *MULTI-USE*

Office for Sale
Catylist Listing ID: 30282150
Property Subtypes: Executive Suites, Governmental, Medical, Mixed Use, Flex Space, Office Building, Research & Development
Building Size (RSF): 2,560 SF
Gross Building Area: See Agent
Gross Land Area: 0.35 Acres
Sale Price: $275,000
Unit Price: $107.42 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/8/2019

Overview / Comments

ONE OWNER 1987 COMMERCIAL BUILDING LOCATED ON A PAVED 0.35 ACRE CORNER LOT ONLY 2 MILES OFF i24 and 1 Mile to the GA/TN state line.
***UNDER $110 PSF after improved price @ $275k***

Commercial MULTI USE/PURPOSE Office, Retail, or Medical building on a corner lot less than 5 minutes to i24 and under 10 minutes to Downtown Chattanooga, CHA Airport, i75, and Gunbarrel Rd. This professional building was built, owned and utilized as a law office by a Lawyer's group. Ready for a new business endeavor, expand existing business or purchase as a rental investment property. Great ROI opportunity. The new owner's will have many options for this large 2500+/- RSF commercial building on a 0.35 acre paved corner lot in a prime area behind Walgreens & SunTrust Bank off Rossville Blvd HWY 27. The building currently consist of a reception area, waiting or patient room upon entering the front double doors of the building with a pass through window, security door access to the back area and a active alarm system. The building consist of 6 large individual offices, 3 bathrooms, Library/Conference room, Kitchenette/Break room, with both front and rear entry/exit access. The easy access corner lot offers a nice large paved 15 space parking lot surrounding the building on the front, rear and left side to accommodate employees, clients, customers and/or patients. Additional parking spaces could be added, per business needs. Parking lot access from both E 48th St & 12th Ave. Located right past the GA/TN state line behind Walgreens & SunTrust Bank off Rossville Blvd HWY 27. Close to everything local. Only minutes from shopping & dining in Walker, Catoosa & Hamilton counties. The sellers also own the house located behind the commercial building at the corner of E 47th St & 12th Ave (2900 E. 47th St). Built in 1930 and has 1100 +/- SQFT on a 0.18 +/- acre corner lot. Could be a rehab investment project to rent, flip, used for storage, additional parking, or employee housing. This house is currently being used for storage and has no power. The house has no warranties and would be sold "as is where is'. This property could be included with the commercial office building for a bundle purchase package deal. Listing agent can coordinate and accommodate showings per request.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 168O A 006
Property Located Between: Rossville Blvd & Dodds Rd behind Walgreens
Property Visibility: Good
Highway Access: 3 minutes to i24 and 10 minutes to downtown Chattanooga, i75, Chattanooga Airport, Gunbarrel Rd, Rossville & Fort Oglethorpe GA
Airports: 9 miles to the Chattanooga Airport
Site Description: Corner commercial lot with paved parking lot with access from 48th & 47th St.
Area Description: Behind Walgreens & SunTrust Bank (Previous Lawyer Office Firm)
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,560 SF
Year Built: 1987
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick exterior with front and back access doors.
Parking Type: Surface
Parking Description: Paved Parking in front, side and rear of building.
Total Parking Spaces: 15
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Gigabit
Interior Description: Currently set up as lawyers office with waiting room, multiple offices, library, 3 restrooms, supply storage room and kitchen. Per current owner, who had the building originally built in 1987, there are no interior load bearing walls as the structure is supported by the exterior brick walls allowing easy remodel/renovation to meet the needs of the new owners.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lts 7&8 Blk 3 East End Land Co Addn No 4 Pb5 Pg43

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,256 65,371 132,788
Median Age: 32.01 36.37 37.63
Households: 1,490 26,511 54,165

Contact

Photograph of Listing Agent

Erik Palmer

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
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