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
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]