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1509 Burns Avenue, Chattanooga, TN 37412

Commercial property for sale

Added: 08/23/2013
Last Update: 08/29/2013
1509 Burns Avenue Chattanooga, TN 37412 US
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Contact info

  • 423-664-1550 [Office] 

Description

This small industrial office flex building would make an excellent investment for an owner occupied user or investor. The cap rate is strong for the investor at about 10.6% (see Pro Forma). There are six suites that vary in size(see rent roll). Also enclosed is the current P&L and Pro Forma statement for the property. This property is located near Exit 1 (East Ridge exit) on I-75 so it is an excellent location for easy acces to downtown, Hixson, Cleveland and Dalton. For the investor this would be an easy property to manage because there are only 6 suites and very little grounds or building upkeep required. Building price details: $279,000.

Property Details

  • Building Name:Office Flex Building
  • Type: Industrial
  • Use Types:Flex Space, Light Industrial, Self Storage, Warehouse/Distribution
  • Status: Available
  • Year Built: 1992
  • MSA: Chattanooga
  • Zoning: C2
  • Buildings: 1
  • Tenancy: Multiple Tenants
  • ConstructionConcrete

Exterior Features

  • Parking: Yes
  • Parking Spaces: 18

Terms

  • Cash to Seller 

Agent

Robert Fisher
423-664-1550 [Office]

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