164 31St St Chattanooga, TN 37410
- Warehouses
- 156,312 SF
- 5.05 lot acres
Current Use by Public Records
- Sentinel Commercial Properties LLC / Real Estate Agency
- The Kickoff / Publisher
Property Details for 164 31St St
- Year built
- 1956
- Lot size
- 5.05 lot acres
- Property size
- 156,312 SF
- Property type
- Warehouses
- APN
- 155K E 002
- APU
- 155KE002
Description
This exceptional industrial property, located at 164 W 31st St, Chattanooga, TN 37410, offers a unique opportunity for businesses seeking flexible and adaptable space. The property consists of two single-story buildings totaling 156,312 square feet, built in 1956 and extensively renovated in 2021. Currently, 72,000 square feet of space is immediately available, divisible into units as small as 11,000 square feet, with a maximum contiguous space of 35,533 square feet. The property features a 20-foot ceiling height, seven loading docks with seven dock-high doors, one drive-in door, and ample parking for 20+ vehicles. Situated on a 5.25-acre lot with 175 feet of frontage on Alton Park Blvd, the property boasts convenient access and excellent visibility. The property is zoned M-1 and has a Class B rating. Property taxes are $0.24 per square foot. This versatile space is suitable for manufacturing, flex, warehouse, distribution, and R&D uses, making it an ideal location for a variety of businesses. Six total suites are available across the two buildings. The property's location in Chattanooga, Tennessee provides access to a strong workforce and excellent transportation infrastructure. Don't miss this chance to secure prime industrial space in a thriving market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,180,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,185,000
- 6.5%
- $1,225,000
- 7%
- $1,115,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,300,000
- Geo Method
- $1,340,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,185,000
- Retail
- $1,190,000
- Mixed-Use
- $1,005,000
- Hospitality
- $940,000
- Educational
- $1,040,000
- Residential Income
- $950,000
- Energy
- $1,215,000
- Income-Based Land
- $1,105,000
- Food Service
- $1,270,000
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.3116
- Latitude
- 35.0165
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
