1278 Peeples StChattanooga, TN 37403

  • Industrial properties
  • 33,760 SF
For Lease
$300,000/SF/YR View listing

Property Details for 1278 Peeples St

Year built
1969
Lot size
1.39 AC
Property size (Sq ft)
33,760 SF
Zone code
M1
Property type
Industrial properties
Property subtype
Other warehouses
APN
145E U 002
APU
145EU002

Description

This exceptional 36,760-square-foot industrial property, situated on 1.5 acres, presents a unique investment opportunity. The single-tenant building boasts a Class B rating and features a solid concrete structure, originally designed as a liquor distribution center. The 22-foot ceiling height provides ample vertical space, complemented by three dock-high doors and three loading docks for efficient material handling. The building is equipped with 3-phase power. The property is zoned C-2. The office space has been completely gutted, offering a blank canvas for customization to suit a variety of manufacturing, warehouse, or flex-space needs. Significant improvements are underway, including the installation of a new fence with manual and power gates, and fresh blacktop paving for parking along the building's left side and rear. The roof is only three years old. The attractive lease terms include the owner covering all property taxes and building insurance, with the tenant responsible for building maintenance. This turnkey solution offers immediate occupancy and significant potential for a variety of businesses. Don't miss this chance to secure a well-maintained, strategically located industrial space with substantial upgrades.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,172,997
    Hospitality
    $7,486,422
    Educational
    $6,228,614
    Medical
    $6,442,826
    Retail
    $9,688,956
1278 Peeples St, Chattanooga, Tennessee

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.0378
Longitude
-85.2998
CBSA code
16860
CBSA name
CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,080
-
-
$316,440
-
$115,800
$675,300
$791,100

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