Mount Vernon Center 9-Unit Office Center on Hixson Pike

Office for Sale
Catylist Listing ID: 30622142
Property Subtypes: Office Building
Building Size (RSF): 5,874 SF
Gross Land Area: 0.59 Acres
Sale Price: $535,000
Unit Price: $91.08 PSF
Property Use Type: Investment
Building Name: Mount Vernon Center
Class of Space: Class C
Usable Size (USF): 5,874 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 89
Last Updated: 6/15/2022

Overview / Comments

The Mount Vernon Center is a 9 Unit Office Center located on the 28000 vehicles per day Hixson Pike Corridor. The 9 Unit Office complex has one office vacancy (a 450 sf unit on the ground floor).

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Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga
Tax ID/APN: 033110I D 03400
Zoning: C-2
Property Located Between: Hixson Pike and Bagwell Ave.
Property Visibility: Excellent
Highway Access: Hixson Pike to Highway 153 North or South
Airports: Chattanooga
Site Description: The Mount Vernon Center is a 9 Unit Individual Office complex ranging in 450 sf office(s) to 1500 sf (office). Located in the Hixson Pike Corridor with traffic counts at 28000 vehicles per day. The Mount Vernon Center is easy access to Highway 153 north and south to retail, residential, and entertainment venues.
Area Description: Hixson is a former unincorporated community and now part of the city of Chattanooga in Hamilton County, Tennessee, United States. It is in the northeastern part of Chattanooga and is part of the Chattanooga, TN-GA Metropolitan Statistical Area. Hixson has several area attractions. The Chickamauga Dam is part of its eastern border along with several marinas along the Tennessee River. Greenway Farms is part of the North Chickamauga Creek Conservancy and offers hiking, canoeing, sports, and a dog park.[13] ValleyBrook Golf Course hosts the Choo Choo Classic and was a regular PGA stop from 1983 to 1991 with the Chattanooga Classic.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,874 SF
Year Built: 1973
Roof Type: Arched
Construction/Siding: Block
Exterior Description: Attractively Painted Block Building along the design of The Mount Vernon historic residence.
Parking Ratio: 5 (per 1000 SF)
Parking Type: Surface
Parking Description: Paved Surface Lot in front of the building.
Total Parking Spaces: 20
Sprinklers: None
Heat Type: Electricity
Heat Source: Wall Units
Air Conditioning: Window Unit
Internet Access: Gigabit, Fiber Optic
Interior Description: 9 Individual Offices from approximately 400 sf to 1500 sf.
Zoning Description: C-2
Lot Frontage: 146
Lot Depth: 176
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: Lots 5 & 6 Fair Acres Unit 2 Pb 15 P G 76

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,095 45,732 104,040
Median Age: 37.71 40.58 39.8
Households: 2,167 20,331 44,634


Photograph of Listing Agent

Tad Bromfield

Sentinel Commercial Properties Greater Chattanooga REALTORS® Member
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