Professional Office Condominium

Office for Sale
Catylist Listing ID: 30730826
Property Subtypes: Business Park, Net Leased, Office Building
Building Size (RSF): 4,270 SF
Gross Building Area: 10,000 SF
Sale Price: $950,000
Unit Price: $222.48 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Hamilton Office Park
Class of Space: Class B
Usable Size (USF): 4,270 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/15/2021

Overview / Comments

This is a single business condominium which includes two side by side rental units.
Unit #108 has 2350 sf and is currently for lease (see catylist #30729254). Unit #110 has 1920 sf and is currently leased until September (see catylist #30730803).
A purchaser can occupy one unit while renting out the other. Occupy both units or lease out both units. Total space is 4270 sf.

Financials

Finance Data Year 2020
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga, Hamilton County
Tax ID/APN: 033149H F 00113C004
Zoning: BUSINESS USE
Property Located Between: Shallowford Rd and Ogletree Ave
Property Visibility: Good
Highway Access: Just 5 minutes from Interstate 75
Airports: Chattanooga airport just 15 minutes away
Site Description: Level.
Area Description: Highly desirable commercial and residential area with a major mall, hotels and shopping just minutes away.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,270 SF
Year Built: 2005
Year Renovated: 2021
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Brick and stucco
Parking Type: Surface
Parking Description: open asphalt
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Fiber Optic
Interior Description: Sheetrock walls, 9' Drop Panel Ceilings,
Zoning Description: Office Use
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Legal Description: Unit 204 Hamilton Office Park Pb77 Pg10

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,534 50,036 99,076
Median Age: 40.74 40.02 39.72
Households: 4,411 21,117 40,280

Contact

Photograph of Listing Agent

Tony L St. Charles

Pat St. Charles Company Greater Chattanooga REALTORS® Member
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