Medical Office Bldg - Dayton, TN

Office for Sale
Catylist Listing ID: 30472562
Property Subtypes: Office Building
Building Size (RSF): 4,002 SF
Gross Land Area: 1.30 Acres
Sale Price: $499,000
Unit Price: $124.69 PSF
Ceiling: 9 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: Dr. Henry Chiropractic
Class of Space: Class B
Usable Size (USF): 4,002 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2019

Overview / Comments

Very nice medical office building for sale on Hwy 27 in the middle of Dayton, TN. It has excellent visibility with plenty of parking spaces. The property has 4,002 square with a small second suite 800 SF. It is about 3 miles from the new $360 million dollar Nokian Tyres tire plant which is completing construction and which will hire some 400 employees. .

The chiropractic office has the following: large reception/waiting room, 5 exam rooms, front office/billing room, doctor's office with private restroom, employee restroom, breakroom, X-ray room and about 1,000 SF of undeveloped space in the rear of the building. In addition, there is a second small suite of 800 feet leased out to a massage therapist. Her rent is $800/month or $12.00/sf gross.

The lot is large at about 1.3 acres. The rear portion might could be sold off for residential use. There is about 0.6 acres currently unused by the practice.

Priced $21,000 under 2017 appraisal.

Additional Details

Nearest MSA: Dayton
County: Rhea
Taxing Authority: Dayton/ Rhea County
Tax ID/APN: 072090B A 00200
Property Located Between: Blueberry Hill Rd and Highland Dr
Property Visibility: Excellent
Highway Access: Hwy 27 ( Rhea County Hwy). Property is at the corner of Hwy 27 and Highland Avenue.
Site Description: The site is level and at street grade for the first 200 feet of the property depth. Beyond 200 the property slopes up and is covered with trees. The property is at a signalized corner.
Area Description: Dayton has a lot of growth news with the $360 million dollar Nokian Tyres tire plant facility..
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,002 SF
Year Built: 1982
Construction/Siding: Block
Exterior Description: Block with front awning.
Parking Type: Surface
Parking Description: Parking is to the right side of the building. Lot will hold about 25 cars.
Total Parking Spaces: 25
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: See pictures. Medical offices.
Zoning Description: Commercial
Lot Frontage: 80
Lot Depth: 400
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,841 10,623 17,089
Median Age: 35.04 34.52 35.67
Households: 1,141 3,931 6,382


Photograph of Listing Agent

Robert Fisher

KW Commercial Greater Chattanooga REALTORS® Member
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