Ooltewah Industrial Space for Sale

Industrial for Sale
Catylist Listing ID: 30408526
Property Subtypes: Free-Standing, Manufacturing, Mixed Use, Light Industrial, Warehouse/Distribution
Building Size (RSF): 10,925 SF
Gross Land Area: 0.95 Acres
Sale Price: $625,000
Unit Price: $57.21 PSF
Ceiling: 9 ft.
Docks/Doors: 1 Dock, 2 Doors
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/30/2019

Overview / Comments

Great opportunity in Ooltewah, TN for an investor or owner/ user.
Warehouse/ industrial space located in the heart of Ooltewah's industrial district.

Building 1 is currently being offered for lease. It contains 3,000 square feet, split up among 3 suites, office and warehouse space.

Building 2 Consists of 3,000 square feet, and is currently leased.
Tenant since 2017
Monthly Income $1,500

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $2,166 (Annual)
Assessed Value - Total($) $14,400 (Annual)
Potential Rental Income $15,000 (Annual)
Gross Operating Income $24,665 (Annual)
Net Operating Income $18,212 (Annual)

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 132I A 010
Zoning: M-1
Property Located Between: Lee Hwy and Ocoee Street
Highway Access: Easy access to I75
Rail Access: Yes
Airports: Chattanooga Metropolitan Airport
Site Description: Property consists of 2 warehouse structures, currently offering space for 3 total tenants. Parking lot is large and can accommodate the needs of tenants, as well as any large delivery trucks, etc.
Area Description: Conveniently located in the heart of Ooltewah's industrial area. Very easy access from Lee Hwy or Main Street.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Average
Year Built: 1964
Year Renovated: 1998
Roof Type: Arched
Construction/Siding: Metal Siding
Exterior Description: Metal warehouse buildings.
Parking Type: Surface
Parking Description: Ample parking.
Interior Description: Building 1 - Offices and showroom are heated and cooled. Warehouse space is a very open, well lit and functional area. 2 large bay doors, loading dock and ample restrooms. Building 2 is vacant. Office space is heated and cooled.
Zoning Description: M-1
Lot Frontage: 97
Lot Depth: 356
Water Service: Municipal
Land Ownership: Single owner
Legal Description: Lt 2 Ronnie Hold Sub Pb55 Pg46 Rev55-206 Rev 57-233 3168 11 001A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,012 23,203 59,872
Median Age: 36.38 38.04 39.77
Households: 824 8,073 21,876

Contact

Photograph of Listing Agent

Robert Wilson

Keller Williams Realty Greater Chattanooga REALTORS® Member
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