Amnicolla/Downtown 4 unit flex space

Office for Sale
Catylist Listing ID: 29633711
Property Subtypes: Business Park, Mixed Use, Flex Space, Office Building
Building Size (RSF): 4,000 SF
Gross Land Area: 15,246 SF
Sale Price: $400,000
Unit Price: $100 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Class of Space: Class B
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 3/22/2018

Overview / Comments

This property with visibility to Amnicola Hwy in Chattanooga ,TN, only a couple minutes to the heart of downtown. 4 separate operating areas each has office, warehouse, bay, front and back doors. Central a/c and heat. 25 parking spaces in front large area and in the back. There is currently a tenant with a month to month lease currently. Estimated monthly income is $2000-$2800 and could be achieved with 4 small businesses or leasing offices, and small warehouses. New roof with warranty is in place. New Paint and carpeting in several units. This building is fully leased, bringing $2400 per mo. Could probably lease for much more. Great opportunity investors!!

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 136C D 003
Zoning: M-1
Market Type: Large
Property Located Between: Downtown Chattanooga and Dupont Parkway
Side of Street: East
Road Type: Paved, Highway, Highway Interchange
Property Visibility: Excellent
Transportation: Bus, Shuttle, Highway, Airport, Taxi, Other
Highway Access: 1 block from Amnicola Hwy and that hwy can access al interstates and highways in Chattanooga in a matter of minutes.
Airports: Chattanooga Airport
Site Description: Large parking lot, some smaller green space and the building itself. Parking and entrances are all paved.
Area Description: Great area with mainly industrial and office businesses in this area. 2 blocks from Tennessee River, and 1 mile from center of downtown Chattanooga.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,000 SF
Roof Type: Flat
Construction/Siding: Concrete - Tilt up
Exterior Description: Concrete exterior
Parking Type: Surface
Parking Description: Several parking spaces in front of buiding
Total Parking Spaces: 25
Heat Type: Electricity, Space Heaters
Heat Source: Central, Other
Air Conditioning: Package Unit, Window Unit
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3, Gigabit, Dialup, Other
Interior Description: Enter into waiting area / staging area, has closet and bathroom on left. Main office on right. Continue through door into warehouse area which has bay door, and regular door. Great small business spot. each unit is the same as this description
Zoning Description: c-2

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,381 60,350 139,260
Median Age: 34.83 35.61 37.14
Households: 2,139 24,659 58,775


Photograph of Listing Agent

Jonathan Campbell

Keller Williams Realty GCR CMLS Member
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