Live/Work Opportunity

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30050961
Property Subtypes: Mixed Use
Status: Pending/Contingent
Building Size (RSF): 11,724 SF
Gross Building Area: See Agent
Sale Price: $220,000
Unit Price: $18.76 PSF
Property Use Type: Vacant/Owner-User
Building Name: Diversified Sign Suppliers
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/13/2018

Overview / Comments

Solid concrete building with office and warehouse on main level. The office has recently been updated with new carpet and paint. There is a reception area, secretary office, 3 offices, and restroom with the remaining portion of the main level warehouse.

The upper level has a very nice apartment with a living room, 2 bedrooms, kitchen with dishwasher & refrigerator, breakfast room, entertainment bar, and a bathroom. The back portion of the upper level is in need of TLC. In the past there were 8 apartments in the upper level, all metered separately. There is an entrance on the side street to enter into the apartments without going thru the office/warehouse.

Following information to be verified by purchaser:
Roof, flat, 15 years
4 electrical boxes
2 electric water heaters
Gas heat
3 Phase Power

2016 Taxes $3,531.64

Building to be purchased as is.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 156F F 001
Zoning: R2
Property Located Between: East 17th and 18th Streets
Property Visibility: Excellent
Highway Access: I-24
Airports: Chattanooga Metropolitan Airport
Site Description: level, concrete block with vinyl front
Area Description: surrounded by similar type businesses, residential
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1948
Roof Type: Flat
Construction/Siding: Block, Concrete, Vinyl Siding
Parking Type: Other
Parking Description: Ample parking to the side of the building, as well as several spots in front.
Zoning Description: R-2
Lot Frontage: 120'
Lot Depth: 135'
Land Ownership: Owner
Legal Description: Lts 16&17 Blk 1 Gobels Pb 2 Pg 13

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,850 83,287 149,831
Median Age: 30.69 35.97 36.76
Households: 4,690 33,476 61,918

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