5001 Covington St Chattanooga, TN 37407

This exceptional value-add industrial investment opportunity encompasses a 60,000-square-foot multi-tenant warehouse complex situated on a 2.53-acre lot in Chattanooga, Tennessee. The property, zoned M1, consists of four Class B buildings, each offering a blend of warehouse and office space. Building 1 features 23,300 square feet of warehouse space and 2,300 square feet of office space, boasting post and beam architecture with ample natural light. Building 2 provides 9,700 square feet of warehouse and 2,000 square feet of office space, characterized by wide column spacing and updated LED lighting and exhaust fans. Building 3 includes 8,850 square feet of warehouse space, 1,550 square feet of office space, and a 2,400-square-foot climate-controlled annex. Finally, Building 4 offers 9,800 square feet of clear-span warehouse space with restrooms and an office. The complex features a total of five loading docks and five dock-high doors. Recent upgrades include a 34 kW solar array (installed 2022), LED lighting, and new exhaust fans and gas heaters (installed 2021). The property is fully sprinklered and underwent a complete inspection in December 2022. Strategically located two blocks west of Rossville Boulevard in the Stateline District, it offers easy access to I-24 and proximity to major cities including Atlanta, Nashville, Knoxville, Huntsville, and Birmingham. The asking price is $4,200,000, with an occupancy date of October 1, 2024. The property's APN is 168P G 020.