Contact info

• 423-664-1550 [Office] 

Description

This 3,128 SF retail center has four suites which are currently all leased on a month-to-month basis. Total monthly rental income is $2,450 with annual income at $29,400. The seller preferred to have month to month leases so there is the opportunity to obtain longer leases if wanted. Suite 101 leases for $500/month; suite 105 is $500/month; suite 109 is $800/month and suite 113 is $650/month. This averages about $8.63/SF. The Seller pays for taxes, property insurance, electricity, water and major maintenance. The annual expenses run about $6,000 so the Net Operating Income (NOI) is about $23,000 per year. Building price details: $209,000.

Property Details

• Building Name:Chatt-R-Bug
• Type: Retail
• Use Types:Restaurant, Street Retail
• Status: Available
• Year Built: 1900
• Year Renovated: 1962
• MSA: Chattanooga
• Zoning: C5
• Buildings: 1
• Tenancy: Multiple Tenants

Exterior Features

• Parking: Yes
• Parking Spaces: 15
• Parking Type: Surface

Terms

• Cash to Seller 

Agent

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