1409 E 51st St - Warehouse FOR SALE


Chattanooga, TN 37407- South Chattanooga
$910,000 USD
423-667-8634
1409 E 51st St, Chattanooga, TN for Sale
$910,000 USD
Warehouse - FOR SALE
1/29
null | Request Cap Rate

1409 E 51st St
Chattanooga, TN 37407
South Chattanooga


HIGHLIGHTS

  • Easy access to I-24 and downtown Chattanooga

OVERVIEW

Introducing an industrial facility with easy access to I-24 and downtown Chattanooga! This property offers 2 spacious suites, each comprised of 2400 SF of floorspace and 20’ tall ceilings. Each side contains a warehouse with fully-insulated 16’ x 16’ dock doors, air-conditioned office spaces, and durable 6-inch thick reinforced concrete floors. Built to accommodate a wide range of uses, each suite also offers 3-phase 200-amp power. This is an ideal opportunity for an owner/user who would like to earn passive income while utilizing the other suite for their own business needs. It would also make a great investment for a landlord who wanted to lease out both sides to maximize lease income. For Lease: Suite 103 offers 2 offices, 1 bathroom, a kitchen with new appliances, a janitor’s closet and a warehouse space that has a large commercial-grade gas heater. For Lease: Suite 105 has 1 office, 1 bathroom, a kitchen with new appliances, a janitor’s closet and warehouse space that has a large commercial-grade gas heater. They are metered individually for water, gas and power. 10 parking spots are available to share between both suites. Both sides are now leased to a single tenant until August 31st, 2030. The tenant pays $6,100/month + utilities. The base rent increases 3% each year.

FOR SALE DETAILS

PRICE

$910,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Leased, Ready for New Owner!

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - City, Heating - Electric

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4

LAND SF

17,424

ZONING

M1

APN/PARCEL ID

168P-B-032

ASK ABOUT THIS PROPERTY

Robert FisherKW CommercialMore Info
423-667-8634

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Robert FisherKW CommercialMore Info
423-667-8634

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.