6802 Ringgold Rd, Chattanooga, TN
Office for Sale - $299,000 - 9,016 Sq. Ft. on 0.52 acres
Property Info
| CIMLS# | 917919 |
| Location 6802 Ringgold Rd Chattanooga TN 37407 | |
| Updated | September 30th, 2017 |
| Type | Office |
| Price | $299,000 |
| Building | 9,016 Sq. Ft. |
| Land | 0.52 acres |
Property Description
Excellent opportunity to purchase a Multi Tenant Office/Retail center investment near the Bass Pro Shop complex. The property is just east of the I-75 exit. This property is priced below the appraised Sales Comparison Approach. The investment has the potential to earn $45,780 annually with average market rental rates at 7.48 PSF for 12 units. In addition, there is 2,895 SF of basement space which could be utilized as rentable rent storage.
Location Description:
This area is experiencing a rebirth with the Bass Pro Shop complex. There are mainly multi tenant office/retail buildings.
Highlights:
>> Excellent Visibility
>> .25 Miles from I-75
>> Close Proximity to Bass Pro Shop
>> Value Added Investment
>> Price Below 2016 Appraised Value
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