8037 Standifer Gap RdChattanooga, TN 37421

  • Industrial properties
  • 3,136 SF
For Sale
$1,595,000 View listing

Property Details for 8037 Standifer Gap Rd

Year built
2008
Lot size
1.40 AC
Property size (Sq ft)
3,136 SF
Zone code
C3
Property type
Industrial properties
Property subtype
Other warehouses
APN
149 011.02
APU
14901102

Description

This exceptional Class A industrial property, located at 8037 Standifer Gap Rd, Chattanooga, TN 37421, presents a lucrative investment opportunity. The 8,000 square foot warehouse sits on a 1.781-acre lot and features a two-story building constructed of metal. The property boasts 8,000 square feet of net rentable space, currently 100% occupied under a gross lease with multiple tenants. The asking price is $1,595,000, with cash or conventional financing options available. The building offers a versatile layout, including approximately 1,000 square feet of office space. The warehouse features a ceiling height ranging from 9 to 12 feet and is equipped with HVAC. The downstairs area is currently fully leased, with a contract under negotiation to fully occupy the remaining upstairs space. The current monthly rent is $9,350. The property is zoned for commercial use and presents a strong, stable income stream. This is a rare opportunity to acquire a high-quality, fully occupied warehouse in a desirable Chattanooga location. The property's flexible layout and strong tenant occupancy make it an ideal investment for both seasoned and new investors. The property is situated in Hamilton County and is easily accessible.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $759,198
    Hospitality
    $695,421
    Educational
    $578,582
    Medical
    $598,481
    Retail
    $900,017
8037 Standifer Gap Rd, Chattanooga, Tennessee

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.0436
Longitude
-85.1165
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
$2,114
-
-
$92,840
-
$122,000
$110,100
$232,100

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