Office Building for Sale on East Brainerd Road

Office for Sale
Catylist Listing ID: 30344364
Property Subtypes: Medical, Office Building, Other
Building Size (RSF): 2,800 SF
Gross Building Area: 3,200 SF
Gross Land Area: 0.41 Acres
Sale Price: $425,000
Unit Price: $151.79 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/30/2018

Overview / Comments

Property consists of a beautiful, two-story brick home that has been converted into an office that is conveniently located on East Brainerd Road adjacent to Concord Baptist Church near I-75. Being less than a 1/2 mile to the I-75 access ramp, this location offers not only great accessibility but also provides incredible visibility from both East Brainerd Road and I-75. With over 150 ft. of frontage along major arterial East Brainerd Road, occupying tenant's business gains exposure to over 47,000 vehicles that travel this route each day. The property is within close proximity to Hamilton Place Mall, Erlanger East Hospital (recently completed $50 million expansion) and all major highways (I-75, I-24, and Hwy 153).

Built in 1972, the single-family home turned to office has been extremely well-maintained and has received numerous updates that create an atmosphere that is a perfect balance of professional and comfortable. Some of the property's features include a fully remodeled kitchen with granite counter tops, 3 full bathrooms, hardwood flooring, a large open meeting or work area with fireplace, ceiling fans throughout, 5 separate offices/rooms, a fenced in yard and a deck. There is ample space for private offices, cubicles, board/conference rooms, patient/exam rooms and storage to meet the needs of most any office use tenants. Current owner also installed a new HVAC unit in August 2017.

Property is in excellent overall condition and currently has 2,800 sq. ft. of flexible office space that is available to lease for $3,000/month. The owner will continue to occupy small office with a kitchenette on the lower level that has its own entrance to operate their real estate business. Previous uses have included a medical billing office, appraisal office, CPA and real estate office and would make a great location for most all office use tenants. There are numerous restaurants, shops and banks nearby to meet personal needs of tenants and their employees. Location has extraordinary demographics, which include a 2017 total population of 116,938 within a 5-mile radius of property. This area is already a high growth commercial and residential area and will only continue to grow in the years to come.

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Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 158F D 010
Zoning: O-1
Property Located Between: I-75 and East Brainerd Road
Property Visibility: Excellent
Highway Access: 0.4 mile access to I-75 via East Brainerd Road; 2.3 miles to access Hwy 153 via I-75
Airports: Chattanooga Metropolitan Airport (CHA) - 3.1 miles
Site Description: 0.41 acre site, gently sloping lot, parcel is rectangular in shape; lot dimensions are 153.6 ft. X 120 ft. with 153 ft. of frontage along major arterial road; nicely manicured yard; long asphalt driveway with parking availability for several vehicles and additional parking opportunities on adjacent lot; excellent visibility on 4 lane state highway 320 - East Brainerd Road; one of the first properties on the left side of road when exiting from I-75; adjacent to Concord Baptist Church and across the street from BP Gas Station and Baskin Robbins; zoned O-1
Area Description: Property is considered to be in the Hamilton Place Mall area that is a major regional retail destination that includes not only Tennessee's largest shopping mall, but also several strip shopping centers, big box retailers including Walmart and Target, and many other free-standing retail stores. This area also has a growing employment center with many office buildings and is a short distance from Enterprise South (site of VW auto plant + FedEx distribution center) along with numerous other large employers. The property is also located within 1 mile of Erlanger East Hospital, which recently completed a $50 million expansion that will increase the number of jobs at the hospital as well as increase the likelihood of further medical offices and services locating to this area. The combination of regional-level retail assets, large number of nearby employers, and proximity to the airport have made it the region's largest node of hotels and restaurants. These assets together make this an attractive area for further residential, retail, commercial office and hospitality-related developments. This location includes excellent demographics with a population of 116,938 residents within a 5-mile radius and median household income of $52,662 within a 1-mile radius.
Total Number of Buildings: 1
Number of Stories: 2
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Adequate paved parking for staff and clients.
Lot Frontage: 153.6 Feet
Lot Depth: 120 Feet
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lt 6 Blk G Rowe Wood Sub Pb22 Pg45

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,895 52,693 132,632
Median Age: 39.12 40.1 39.61
Households: 3,706 22,680 54,954

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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