Office for Sale in Chattanooga, TN

  • Price: $560K
  • Listing type: For sale
  • Asset type: Office
  • Location: Chattanooga, TN 37415
  • Size: 3,440 SF
  • Year built: 1969

Description

Beautiful, recently renovated, 2 unit Office/ Retail Building for SALE! Fully Leased. Anchor tenant is Edward Jones, Second tenant is a Bridal shop who recently signed a second 2 year lease. Ample parking for both tenants. Great visibility, and location minutes to downtown Chattanooga. Long term tenants in place with renewal options. Recently renovated, no deferred maintenance for new owners. Stand alone building with dedicated parking lot, and high traffic counts. Current Operating Income is $32,520 annually. Anchor tenant, Edward Jones is currently in a 5 year lease, with annual rent increases, and a 5 yr option to renew. Bridal shop recently signed their 2 yr renewal. There is an additional, approximately 1000 square feet of warehouse space that could be leased, current owner has not advertised this space. Building SF: 3440 | Land Size: 0.26 Ac | Year Built: 1969 | Listing Type: FOR SALE

Market Context

This office in Chattanooga, TN is listed for sale at $560,000 across 3,440 SF ($163/SF). It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1969. It has been on the market for 27 days. Compare it against other office listings for sale in Chattanooga, TN — <a href="/search/sale/office/tennessee/chattanooga">view the full market</a>.

Unified Estimate

Low Confidence

$138.37/SF – $187.21/SF

Mid: $162.79/SF

Total estimate for 3,440 SF: $559,998

Rate estimator only; cost-of-business estimate unavailable.

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