Hixson Office; Income Producing

Office for Sale
Catylist Listing ID: 30644791
Property Subtypes: Office Building
Building Size (RSF): 3,124 SF
Gross Land Area: 0.31 Acres
Sale Price: $375,000
Unit Price: $120.04 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/11/2020

Overview / Comments

Hixson Office Building for sale with three suites and 100% occupancy for income investment. High visibility on 5-lane Hixson Pike with approx 30,000 vehicles per day. Level parking on street grade. 3124 Sq Ft Building constructed in 1982 with recent improvements. Tenants include State Farm Agent, Beauty Shop and Therapist. Each Suite has a rear deck (new) and direct access to rear parking lot. Lot Frontage on Hixson Pike is 100 feet. Lot Depth is 135 feet. Adjacent Commercial Building also available for sale as income producing property (5470 Hixson Pike...See Listing #30644457). The assemblage may be beneficial to shared parking and site continuity. See attached Property Images File for visual depiction of the lot, zoning, access, traffic.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chattanooga, Hamilton County
Tax ID/APN: 033100O D 00900
Zoning: C5 COMMERCIAL
Property Located Between: Northgate and Valley Brook
Highway Access: Hixson Pike is State Hwy 319. 1.3 miles to Hwy 153.
Airports: Chattanooga Municipal
Site Description: Frontage on Hixson Pike, level parking.
Area Description: Neighborhood Commercial District along major traffic route for commuters and consumers (5 lane Hixson Pike). Area uses include Grocery, Home Improvement Retailers, Restaurant, Mega Churches, Medical, Personal Care and Automotive.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1982
Parking Description: One Curb Cut on Hixson Pike. 15 Parking Spaces, with shared parking with adjacent building.
Total Parking Spaces: 15
Interior Description: Three Suites with quality professional finishes.
Zoning Description: C5 Neighborhood Commercial.
Legal Description: Part Lot 29 Long Hixson Sub PB 14, Pg 150

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,744 36,220 87,647
Median Age: 40.71 42.31 40.71
Households: 1,707 15,399 37,130

Contact

Photograph of Listing Agent

John Mitchum

RE/MAX Renaissance Realtors Greater Chattanooga REALTORS® Member
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