Southside Office/Retail with Flex Space for Sale

Office for Sale
Sale Pending
Also listed as Retail-Commercial
Catylist Listing ID: 30340707
Property Subtypes: High-Tech, Mixed Use, Flex Space, Office Building, Other
Status: Pending
Condo? Yes
Building Size (RSF): 7,708 SF
Gross Building Area: See Agent
Sale Price: $630,000
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: The Crabtree
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/5/2018

Overview / Comments

The Crabtree is highly accessible, located in the heart of Chattanooga's Southside Historic District. There are multiple dining options within walking distance, along with entertainment and exercise options. The subject property includes three (3) commercial suites on the ground floor in a mixed-use development in Chattanooga's Southside.

Suite Q is 2,075sf and currently leased month-to-month
Suite R is 1,150sf and currently leased month-to-month
Suite Y is 4,483sf of garage space

Currently, Suite Y is being used as garage space but could be remodeled into an excellent restaurant or retail space! The side of the building that faces Main Street could be converted into a storefront. Their is a pay to park parking lot which lays between the Suite Y and Main Street.

Easily accessible outdoor space is a distinct amenity offered by the Crabtree including a small courtyard and green space, along with the availability of some on-site parking.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 145L B 023
Is Condo?: Yes
Zoning: U-CX-4
Property Located Between: Main Street and W 14th Street
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1955
Year Renovated: 2017
Parking Type: Surface, Other
Zoning Description: The property is zoned U-CX-4. The Commercial Mixed Use (U-CX) zone is intended to accommodate a variety of residential, retail, service and commercial building forms and uses in a pedestrian-friendly environment. Although buildings are allowed to be exclusively residential or nonresidential in use, the vertical mixing of uses is strongly encouraged. A developer may build up to four floors at this specific site.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,159 56,779 128,921
Median Age: 32.31 34.09 36.69
Households: 3,970 22,412 53,349
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