3800 St Elmo Avenue, Chattanooga, TN 37409 - industrial property

Detailed information about industrial property which situated in Chattanooga (37409) city, Tennessee state on 3800 St Elmo Avenue.
The area has a combination commercial, industrial and residential uses. Chattem Chemicals has a plant next door and Bi Lo has a major grocery store nearby. The Lookout Mtn incline, associated tourists attractions and restaurants are 2 blocks away.

Additional Information: 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.