Vance Rd Office Building

Office for Sale
Catylist Listing ID: 30649126
Property Subtypes: Medical, Office Building
Building Size (RSF): 3,456 SF
Gross Building Area: See Agent
Gross Land Area: 0.23 Acres
Sale Price: $297,000
Unit Price: $85.94 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/1/2020

Overview / Comments

Great condition suburban office with onsite parking in a very central location, with easy access to Hwy 153 and I-75.
The office consists of a lobby with reception counter, multiple private offices, a small lab, three restrooms, and a large break room and work area. The layout could serve a variety of general office uses with little to no alterations, and would be great for a non-profit office, counseling office, or medical practice. See approximate layout attached.
The property shares a common wall with the adjacent property, which has its own parking lot to the side of the building. The subject property has use of the parking spaces in front of the office.
The seller will be relocating at the completion of a construction project in process. Seller will need to occupy this office through the end of 2020. Leaseback options negotiable.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga; Hamilton County
Tax ID/APN: 148J D 004
Zoning: M1
Property Visibility: Good
Highway Access: 1/2 mile from intersection of Lee Hwy at Hwy 153
Airports: Chattanooga Metropolitan Airport
Exterior Description: Concrete Slab, Masonry Frame, Brick Veneer
Parking Type: Surface
Parking Description: 7 parking spaces appear to be on the subject property. In practice, the additional 4 spaces fronting Vance Road are available for use, as there is not direct access from those parking spaces to the entrance of the adjacent property. Based on a total of 11 parking spaces, the parking ratio is 3.18 parking spaces per 1000 SF. Additional spaces may be available from the adjacent owner.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,741 53,952 139,256
Median Age: 36.9 39.54 39.3
Households: 3,201 24,321 58,024


Photograph of Listing Agent

Jason A Lehn

Herman Walldorf Commercial Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Benjamin Pitts

Herman Walldorf Commercial Greater Chattanooga REALTORS® Member
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