1405 Cowart St Chattanooga, TN 37408

This exceptional Class A medical office building, located at 1405 Cowart St in Chattanooga, TN, presents a compelling investment opportunity. The 23,974 square foot building, constructed in 2014 and renovated in 2021/2022, sits on a 0.83-acre lot and boasts 20,996 square feet of net rentable space. Currently 100% occupied by six tenants (five medical practices and one luxury hair salon), this property generates a strong NOI of $500,000, resulting in a 5.56% cap rate. The building features a contemporary design with high-end finishes, 55 on-site parking spaces, and additional off-street parking options. Its prime location in Chattanooga's thriving Southside offers exceptional visibility and accessibility, situated near major hospitals, interstate access (I-24, US-27, and I-75 within 7 miles), and the Chattanooga Regional Airport (9 miles). The property benefits from its proximity to numerous amenities, including restaurants, hotels (including The Westin Chattanooga, less than a mile away), and the University of Tennessee at Chattanooga. A newly completed Food City anchor complex with a pharmacy is directly adjacent, further enhancing the property's value and appeal. The building is equipped with EPB Fiber Optics, a state-of-the-art security system, and recently updated HVAC for the lobby and elevators. The U-IX-4 Industrial Mixed Use zoning allows for flexibility and future growth potential. This is a rare opportunity to acquire a high-performing, fully leased medical office building in a rapidly growing market. The asking price is $9,000,000.