Fully Leased, Ready for New Owner! 1409 E 51st St 4,800 SF 100% Leased Industrial Building Chattanooga, TN 37407 $910,000 ($189.58/SF)

Introducing an industrial facility with easy access to I-24 and downtown Chattanooga!
This property offers 2 spacious suites, each comprised of 2400 SF of floorspace and 20’ tall ceilings. Each side contains a warehouse with fully-insulated 16’ x 16’ dock doors, air-conditioned office spaces, and durable 6-inch thick reinforced concrete floors. Built to accommodate a wide range of uses, each suite also offers 3-phase 200-amp power.
This is an ideal opportunity for an owner/user who would like to earn passive income while utilizing the other suite for their own business needs. It would also make a great investment for a landlord who wanted to lease out both sides to maximize lease income.
For Lease: Suite 103 offers 2 offices, 1 bathroom, a kitchen with new appliances, a janitor’s closet and a warehouse space that has a large commercial-grade gas heater.
For Lease: Suite 105 has 1 office, 1 bathroom, a kitchen with new appliances, a janitor’s closet and warehouse space that has a large commercial-grade gas heater.
They are metered individually for water, gas and power. 10 parking spots are available to share between both suites.
Both sides are now leased to a single tenant until August 31st, 2030. The tenant pays $6,100/month + utilities. The base rent increases 3% each year.