1304 Mccallie Ave Chattanooga, TN 37404

This exceptional multi-tenant investment opportunity in Chattanooga, Tennessee, presents a compelling prospect for discerning investors. Located at 1304 McCallie Ave, this property encompasses 21,378 square feet across two, two-story buildings situated on a 1.23-acre lot. The property boasts a 7.26% cap rate and a strong net operating income (NOI) of $417,280, supported by four tenants under long-term leases with annual escalations. The property's diverse tenant mix includes creative office, medical office, and storefront spaces, ensuring a stable and diversified income stream. Extensive renovations were completed between 2018 and 2022, encompassing all major systems, including HVAC, utilities, and a new TPO roof. The property features 80 parking spaces, providing ample convenience for tenants and their clients. Its prime location on McCallie Avenue offers high visibility and accessibility within a thriving community, characterized by a strong demographic profile with a median age of 44.1 and an average household income of $112,137 within a one-mile radius. This Class A property represents a turnkey investment opportunity with significant upside potential. The asking price is $5,750,000.