1278 Peeples St Chattanooga, TN 37403
- Warehouses
- 33,760 SF
- 1.39 lot acres
Current Use by Public Records
- Gold Bond / Tax Preparation Service
Property Details for 1278 Peeples St
- Year built
- 1969
- Lot size
- 1.39 lot acres
- Property size
- 33,760 SF
- Zone code
- M1
- Property type
- Warehouses
- APN
- 145E U 002
- APU
- 145EU002
Description
This exceptional 36,760-square-foot industrial property, situated on 1.5 acres, presents a unique investment opportunity. The single-tenant building boasts a Class B rating and features a solid concrete structure, originally designed as a liquor distribution center. The 22-foot ceiling height provides ample vertical space, complemented by three dock-high doors and three loading docks for efficient material handling. The building is equipped with 3-phase power. The property is zoned C-2. The office space has been completely gutted, offering a blank canvas for customization to suit a variety of manufacturing, warehouse, or flex-space needs. Significant improvements are underway, including the installation of a new fence with manual and power gates, and fresh blacktop paving for parking along the building's left side and rear. The roof is only three years old. The attractive lease terms include the owner covering all property taxes and building insurance, with the tenant responsible for building maintenance. This turnkey solution offers immediate occupancy and significant potential for a variety of businesses. Don't miss this chance to secure a well-maintained, strategically located industrial space with substantial upgrades.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,740,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,995,000
- 6.5%
- $2,770,000
- 7%
- $2,775,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,620,000
- Geo Method
- $2,920,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,920,000
- Retail
- $2,535,000
- Mixed-Use
- $2,940,000
- Hospitality
- $2,590,000
- Educational
- $2,770,000
- Residential Income
- $3,140,000
- Energy
- $2,845,000
- Income-Based Land
- $2,990,000
- Food Service
- $2,985,000
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.2998
- Latitude
- 35.0378
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
