Property summary
Prime commercial and industrial land for lease near St. Elmo, offering two distinct parcels ideal for storage or drop yard operations. Parcel 1 encompasses 2.7 acres, featuring a fully paved surface, complete perimeter fencing, and three gated entrances for convenient access and security. Parcel 2, measuring 1.7 acres, is a gravel lot also fully fenced, situated directly adjacent to Parcel 1. Both parcels are available for lease individually or together, at a rate of $1,500 per acre per month. Crucially, these lots cannot be further subdivided. Lease terms are structured for a 12-month period, with a mutual six-month option for extension. An existing vacant office building on the property is not included in the lease agreement for these lots but is available for separate negotiation. The property's APN numbers are 167F A 001 and 167F B 016. The combined acreage available totals between 1.7 and 4.7 acres, providing ample space for various commercial and industrial uses. This exceptional location offers easy access and visibility, making it an attractive opportunity for businesses seeking secure and convenient storage solutions.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M1 · Chattanooga, TNZoning
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Zoning designation
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