Hwy 153 Office / Warehouse

Office for Sale
Also listed as Industrial
Catylist Listing ID: 30793746
Property Subtypes: Business Park, Flex Space, Office Building
Building Size (RSF): 17,766 SF
Gross Building Area: See Agent
Gross Land Area: 1.17 Acres
Sale Price: $2,450,000
Unit Price: $137.90 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2022

Overview / Comments

Office building with warehouse visible to over 60,000 Vehicles per Day on Hwy 153.

7,426 SF +/- of first floor office space dedicated to individual offices, larger rooms for workstations, a large conference room and large break room.

6,660 SF +/- on the second floor includes a former locker room with restrooms and showers, a storage room, a server room, and a large open storage area ready for further development.

3,364 SF +/- heated and sprinklered warehouse with 12 Ft +/- ceiling height to the existing suspended ceiling with 3 full drive through bays/6 loading doors.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chattanooga; Hamilton County
Tax ID/APN: 138O B 001.06
Zoning: M1
Property Visibility: Excellent
Highway Access: Easy Access to Hwy 153 and Interstate 24/75. Property has direct access to the signalized intersection of Shallowford Road at Stein Drive.
Airports: Chattanooga Metropolitan Airport
Site Description: The large pylon sign and the building facade are visible to both North and South bound traffic on Hwy 153 with over 60,000 Vehicles per Day.
Area Description: The Property is located in the SE Quadrant of intersection of Shallowford Road at Hwy 153. Adjacent businesses include automotive sales, offices and retail.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1976
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Stucco
Parking Type: Surface
Parking Description: Ample parking in front and rear parking lots, with approximately 35 spaces, and potential to add a few more.
Sprinklers: Wet
Interior Description: Ample space dedicated to individual offices, larger rooms for workstations, a large conference room and a large break room. New paint and flooring throughout in 2019.
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Easements Description: The Property is encumbered by an access easement recorded in Deed Bk 4000 Pg 682 and various utility easements including the reciprocal utility easement recorded in Deed Bk 4060 Pg 85. There are requirements for sharing of expenses for maintaining the common areas in the Dealership Subdivision. The building shares a common wall with the adjacent building at 2268 Encompass Drive. There is a Party Wall Agreement recorded in Deed Bk 4358 Pg 970.
Legal Description: Lot Three (3), Dealership Subdivision, as shown by plat of record in Plat Book 52, Page 4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,487 48,405 136,331
Median Age: 41.45 39.6 39.47
Households: 2,134 21,565 57,373


Photograph of Listing Agent

Jason A Lehn

Herman Walldorf Commercial Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Benjamin Pitts

Herman Walldorf Commercial Greater Chattanooga REALTORS® Member
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