3800 St Elmo Avenue, Chattanooga, TN 37409
Commercial property for sale
Contact info
- 423-664-1550 [Office]
Description
This great building is located at the foot of Lookout Mtn in the St Elmo tourist and art district. It is a 3 story, 100 year old building built out of oak timbers 14 inch square. It is very solidly built. The building has a combination of 113 self-storage rental units and 14,713 square feet of rental office space. It has about a 50/50 split between self-storage and office tenants. Overall, it is currently about 88.4% occupied. The offices are currently 100% occupied but the Seller uses some of the office space for another business with no rent paid. Each floor has 12,273 SF. The current income is up to $195,000 annually. Income has increased $30,000 from a year ago. The property includes a fenced, paved parking lot with 21 spaces. Their is a loading dock for the self-storage tenants to use. There are 24 climate controlled spaces out of the 113 total spaces. The property has one freight elevator. Contact the list agent to receive P&L, tenant mix and occupancy reports. This can be an excellent investment opportunity. Building price details: $799,000.
Property Details
- Building Name:St Elmo Storage
- Type: Industrial
- Use Types:Office Showroom, Self Storage
- Status: Available
- Year Built: 1908
- Year Renovated: 1972
- MSA: Chattanooga
- Zoning: C2-Commercial
- Buildings: 1
- Broadband Internet: Cable, DSL
Exterior Features
- Parking: Yes
- Parking Spaces: 21
- Parking Type: Surface
Terms
- Cash to Seller