M3 Commercial Lot & Office Hixson TN

Office for Sale
Catylist Listing ID: 30760716
Property Subtypes: Flex Space, Office Building, Other
Building Size (RSF): 3,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.47 Acres
Sale Price: $175,000
Unit Price: $58.33 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/10/2022

Overview / Comments

Property Zoned Commercial M-3 Warehouse and Wholesale. The current owner used this as a business office in 2019 and was previously used as a residential house by past owners. The property would be perfect for your business or may be able to be rezoned to allow the property to be approved for residential use again as an owner-occupant or great rental. The house is 3,000 SF on almost a 1/2 acre lot on Adams Rd minutes off HWY 153 in Hixson surrounded by other businesses. Great investment opportunity after some TLC with lots of potentials after renovating. The home does not have power or water on, has been vacant for 2 years, and is being sold "as is where is with no implied warranties". The house has 3 bedrooms/offices, 2.5 bathrooms, 2 fireplaces, and a finished basement.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033110G A 00301P000
Zoning: M3
Property Located Between: Hammill Rd & Hixson Pike
Property Visibility: Good
Highway Access: Hwy 153 & Hixson Pike
Airports: CHA
Site Description: Mostly Level lot cleared.
Area Description: Warehouse/Wholesale zone
Total Number of Buildings: 1
Number of Stories: 15
Typical SF / Floor: 1,500 SF
Year Built: 1971
Roof Type: Gable
Construction/Siding: Brick, Wood Siding
Parking Type: Surface
Parking Description: Driveway with 2 car attached garage.
Interior Description: House has 3 bedrooms all on main level, 2.5 bathrooms, 2 gas fireplaces (one on each level, dinning room, pantry, 2 car garage, back screened in porch, finished basement, gas water heater replaced in 2018.
Zoning Description: Zoned M-3 Warehouse and Wholesale Zone used for business office by current owner and was previously used as a residential house by past owners.
Lot Frontage: 105'
Lot Depth: 183'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: S/W Side Adams Road Tax ID 110G A 003.01 Book/Page 1338/547

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,744 38,194 99,283
Median Age: 40.71 42.21 40.22
Households: 1,707 16,719 42,754


Photograph of Listing Agent

Erik Palmer

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
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