Investment opportunity with 2 buildings and vacant land

Industrial for Sale
Sale Pending/Contingent
Also listed as Vacant Land
Catylist Listing ID: 30784598
Property Subtypes: Free-Standing, Light Industrial
Status: Pending/Contingent
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Gross Land Area: 3.35 Acres
Sale Price: $960,000
Unit Price: $240 PSF
Docks/Doors: 2 Doors
Drive In Bays: 2 Bays
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 5/25/2022

Overview / Comments

3 parcels off of Lauderdale Memorial Highway just off of exit 75 in Charleston. Income producing property already with a potential for more income. This property could be converted to truck parking, storage, or warehouse space. The income potential for an investor is limitless.

The current 2000 sqft warehouse will be vacated by end of March by current tenant and could rent for $5,000 including the parking area on 3rd parcel. The bar located on 2nd parcel is rented for $1800 a month.

Additional Details

Nearest MSA: Cleveland
County: Bradley
Tax ID/APN: 015 003.21 000 and 015 003.08 000 and 015 027.12 000
Zoning: C-2
Property Located Between: Just off the I-75 exit in Charleston just past Hardees
Highway Access: Charleston exit on I-75
Site Description: 3 parcels relatively level with some trees on back parcel and 2 buildings on the other 2 parcels.
Area Description: Located in front of the Amazon fullfillment center and across the street from Wacker just off of I-75.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Roof Type: Flat
Construction/Siding: Aluminum Siding
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Zoning Description: C-2
Lot Frontage: 26136 SF and 16988 SF and 103237 sq ft
Legal Description: 015 003.21 000 and 015 003.08 000 and 015 027.12 000 sale includes these 3 parcels.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,951 5,549 20,594
Median Age: 39.25 40.26 41.65
Households: 719 2,083 7,787


Photograph of Listing Agent

Laura Coleman

Bridge Property Management Gro Greater Chattanooga REALTORS® Member
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