1032 McCallie Ave, Chattanooga, TN 37403

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Building Details:

• Year Built: 2007

1032 McCallie Ave is located in Chattanooga, TN.

This Class A professional office building is the ultimate all-inclusive property offering both convenience and the finest amenities. Built in 2007 by a physician who is currently partial owner-occupant, the 3 story building consists of 30,370 sq. ft. of multi-tenant space equipped with high-end features to accommodate the needs of modern medical practices. The well-landscaped 2.12 acre site is hard to overlook with its striking stone and stucco facade, the distinguished rod-iron gate that encloses the property and the large, brick monument signage with designated space for each occupying tenant. A 47.5 foot by 137.5 ft corner lot at 1037 East 8th Street is included to provide extra parking. Site is easily accessible with 2 curb cuts along O'Neal Street. Adequate parking available for tenants and their accompanying staff and patients, with a large paved parking lot surrounding the building. Additional secured private parking also available in the rear of property, some of which include covered spaces.

Situated at the junction of McCallie Avenue and O'Neal Street, the property benefits from its highly visible location along an arterial road that offers adequate exposure. All major area hospitals (Erlanger, Parkridge Medical Center and Memorial Hospital) are within 2 miles of the site, making this a thriving location for medical professionals. The property is presently occupied by 3 credit tenants bringing in a conservative CAP rate of 8.00%. One 4,200 sq. ft. remains vacant on the 3rd floor. Property has net operating income of $347,265 with potential for more once building is fully leased.

This premier medical office is available for sale for $4,700,000. All sales are subject to Court approval. Further information regarding leases as well as a recent appraisal are available upon request.