Hixson, TN Office Property For Sale

Motivated Seller liquidating portfolio. On Thursday, October 29th at 6:00 p.m. you'll

have an opportunity to purchase a commercial building and office in Hixson.

OPEN HOUSE ***OCTOBER 17, 2020 @ 2:00-4:00pm

OCTOBER 24, 2020 @ 2:00-4:00pm

4608 Hixson Pike &

1607 Strawberry Lane

Hixson, TN

Thursday, October 29th

at 6:00pm – Held on site

Auction Type: Undisclosed Reserve

Hixson Dentist Office | 2,444 SF | For Sale near Publix

This former dentist office sits on a 0.27 acre parcel. It is at the corner of Hixson Pike and Cassandra Smith Road near the Publix Grocery Store.

There has been huge development growth nearby:

- First, came the development of the Publix Grocery Store anchored center

- A new $30 million apartment complex is nearing completion just up the road

- Across the street is new retail space being developed

- Just recently a Jack's restaurant opened across the street

- This area of Hixson and Big Ridge is having tremendous growth of residential homes and subdivisions

The dental equipment does not come with the building but can be purchased for an additional $70,000.

The office floor plan could be reformatted and provide much more room for additional chairs and services.

There are two similar buildings that sit side by side at this address. The property for sale is the second building and parcel. The entrance has an access easement. There is dedicated parking for each building.

The seller also owns the vacant lot adjacent and north of the subject building. The subject building could be expanded onto that lot or just additional buildings added. That lot (6018 Hixson Pike) is for sale for $425,000 and is 0.82 acres.

A floor plan is available and the building includes:

- Reception Area / Waiting Room for about 12-15

- Reception Window to Office

- Private Offices

- 3 Restrooms

- X-ray Room

- 4 Open Dentist Chair Areas

- Ample Parking

- Filing Cabinet Area

Hixson Office Building for sale with three suites and 100% occupancy for income investment. High visibility on 5-lane Hixson Pike with approx 30,000 vehicles per day. Level parking on street grade. 3124 Sq Ft Building constructed in 1982 with recent improvements. Tenants include State Farm Agent, Beauty Shop and Therapist. Each Suite has a rear deck (new) and direct access to rear parking lot. Lot Frontage on Hixson Pike is 100 feet. Lot Depth is 135 feet. Adjacent Commercial Building also available for sale as income producing property (5470 Hixson Pike...See Listing #30644457). The assemblage may be beneficial to shared parking and site continuity. See attached Property Images File for visual depiction of the lot, zoning, access, traffic.

Professional Office Building with two Dental/Medial Suites for Sale or Lease. Corner Lot with high visibility on Hixson Pike (30,000 VPD). Level parking on street grade with 33 parking spaces. Curb cuts on both Hixson Pike and Longview Drive provides easy traffic flow on-site. 4156 Sq Ft Building constructed in 1984 with brick and vinyl exterior. Professional quality finishes and recent improvements. Current Configuration has two suites designed for medical practices (Dentist / Orthodontic) each with Reception, Exam Rooms, X Ray, Lab, Private Offices, Rest Rooms and Storage. Suite A contains 1550 Sq Ft. Suite B contains 2565 Sq Ft with Hygenists Area and direct access to rear parking lot. Both Suites are amenable to reconfiguration / repurposing or combining together.

This quaint, painted brick building on 1.48 acres is located blocks from Hwy 153. It has great visibility and would make a great insurance, dental, or medical office for someone who would like to own. The building has been an orthodontic office over the past 30 plus years. In addition to the 1408 feet on the main level, there is approximately 700 additional finished feet in the basement (office, 2 work areas, washer/dryer area, bathroom). The lot is 636 ft deep,so there is ample space for growth.There are twenty or more paved parking spaces. The concrete parking and drive are surrounded by large trees with the rear of the property totally wooded. The owner and the agent have agreed to work with the owner and the agent of the adjoining lot in the event both pieces are needed. The two pieces combined open many more possible uses such as fast food and small hospitality.

Location:

Next to Bojangles

- 1 minute from HWY 153

- 12 minutes from airport (CHA)

- 18 minutes from downtown Chattanooga

Agent is related to sellers.

Buyer to verify any and all information they deem important.

The Mount Vernon Center is a 9 Unit Office Center located on the 28000 vehicles per day Hixson Pike Corridor. The 9 Unit Office complex has one office vacancy (a 450 sf unit on the ground floor).

This is a (2) property portfolio of net leased investment properties to be sold together at a list price of $2,325,000.

Property is being sold as a package deal in conjunction with CLS# 30613807, 97 Gateway Blvd., Ringgold, GA 30736. 11,000 sf combined.

The (2) properties are corporate net leases by ATI Physical Therapy, ATI Holdings, LLC.

ATI is a nationally-recognized rehabilitation provider, specializing in research-based physical therapy, worker's compensation rehab, employer worksite solutions, sports rehab, home health and a variety of specialty therapies.

ATI is headquartered in Bolingbrook, IL and founded in 1996. ATI operates 830 clinics in 25 states

ATI ranks number 2 in size in the physical therapy field.

Tenant has just entered into a new 5 year lease effective June 1, 2020 with one 5 year option to renew. The lease has a $.25 bump in base rent annually.

17,500 square feet of fully leased medical office space in a 30,000 square foot building. The leased condo space available for sale is occupied by Erlanger Primary Care, HCA Parkridge Bone & Joint, Standifer Orthodontics and Belva Family Dentistry. Leases vary from 5+ years to 12+ years remaining on the base terms.

The purchase price represents a 6% cap rate on Net Operating Income of approx $325,000 in 2020. The Erlanger lease and Belva lease have escalations during the base term.

The 12,500 sq ft of condo space NOT available for sale is owned and occupied by the Associates in Ear, Nose & Throat.

Please do not disturb tenants. Tours can be scheduled through the listing agent for qualified buyers.

Many uses for this property. Main level has two to three private offices. some have closets for storage.2 full baths one half baths, kitchen area needs appliances and fixtures. The property offers new windows, new front and sliding doors, sheet rock, paint, new light fixtures, trim, flooring ,and you to start your business today.

7,000 sqft commercial office space in a great Hixson location. Designed with ample parking, this building includes office space on two levels, warehouse space on the back half of the first level, a main front door, and a secondary side door that could be converted into a drive-through. This building was formerly occupied by a single tenant, but offers potential for various kinds of commercial use. With a little work or reconfiguration, this could be the ideal location for a medical office, outpatient clinic, bank, self-storage, retail, or another mid-size office. Located on Hixson Pike with an average daily traffic count between 17,000-21,000. Close to many large Hixson subdivisions, major retailers, shopping, dining, and Chester Frost Park, this building would be an excellent option for a business expansion or second business location. Plant your business here. Call today to schedule your private showing!

Oasis Park is a 14 acre development off the newly improved stretch of Hamill Road between Hixson Pike and Hwy 153 - conveniently located to Memorial Northpark Hospital, Northgate Mall, Downtown, the Airport and Enterprise South.

Phase I is the 43,000 square foot Sports Barn North.

Phase II is a 30,000 square foot, medical/professional office building. Tenants include the Associates in Ear, Nose & Throat, Sumida Orthopedics, Standifer Orthodontics, Belva Family Dentistry, and Erlanger Primary Care.

Phase III is this 4.25 acre site which can accommodate up to 60,000 square feet of medical/professional office space. Our team can develop a built-to-suit building for lease or sale; or we can sale the site "as is."

Current site condition is semi-developed with more than $500,000 in improvements already invested in the site - including common entrances and driveways, parking, site lighting, utilities to building pad, stormwater detention, and more.