Industrial/Warehouse in Opportunity Zone

Industrial for Sale
Catylist Listing ID: 30645461
Property Subtypes: Flex Space, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution, Other
Building Size (RSF): 70,000 SF
Gross Building Area: See Agent
Sale Price: $2,490,000
Unit Price: $35.57 PSF
Docks/Doors: 1 Dock, 3 Doors
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/23/2021

Overview / Comments

Located in close proximity to I-24 and Highway 27, Onion Bottom Station offers industrial, warehouse, flex or creative office space. Ceilings are high and feature multiple skylights throughout. 173 parking sites have been paved and striped including all landscape requirements which is over $1mm in investment. Overhead doors and loading docks are both available depending on the needs of the user.

This building is perfect for a gym, production space, creative office space, photography/art studios, brewery/distillery for production and/or tap/tasting room as well as warehouse/distribution space.

Overhead doors and loading docks are both available, depending on the location and timing in the construction process.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033145E U 00500
Zoning: U-IX-4
Property Located Between: Park Ave and Peeples St
Highway Access: Minutes from both I-24 and Highway 27.
Area Description: The Onion Bottom history dates back to the early 1900s when the area was a lively hub for importing and exporting produce on the rail lines, supplying large cities like Chicago with fruits and vegetables grown in the South. Today, the Onion Bottom district is centrally located in Chattanooga's downtown with easy access to I-24 via Central Avenue.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1962
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: All parking is on site and includes a CCR with adjacent tenants. Copies of the CCR can be obtained. Other tenants that share include a church (mostly Sunday parking) and the ExtraSpace Storage that has access to 4 parking spots.
Total Parking Spaces: 173
Sprinklers: Wet
Zoning Description: The Industrial Mixed Use (U-IX) zone is intended to accommodate a variety of light industrial and manufacturing uses while allowing for retail, service and commercial activity and limited residential opportunities in a pedestrian-friendly environment.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,657 64,757 132,584
Median Age: 29.32 34.47 36.67
Households: 3,155 25,860 54,933


Photograph of Listing Agent

Kelly Fitzgerald

Second Story Real Estate Manag Greater Chattanooga REALTORS® Member
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