Northpoint Commons

Office: Mixed Use

1961 Northpoint Blvd, HixsonTN 37343

Property Details

Location

Address
1961 Northpoint Blvd, HixsonTN 37343
County
Hamilton
Submarket
Parcels
033100P C 00125C001

Building Size

Building Size
Rentable Space
12,000 SF

Building Details

Type
 Office: Mixed Use
Number of Buildings
1
Occupancy Type
Single Tenant
Percent Occupied
Building Class
C
Building Status
Existing
Floors
1
Year Built
Year Renovated
2006
Sprinklers
Parking Ratio
Condominiumized
Yes

Land & Utilities

Land (Acres)
0.86 Acres
Land (SF)
37,462 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
Lot Depth
Lot Width

Contacts

Current Listings

Hixson Business Condo for sale, could be 3 suites (potential Cap >10%)

12,000 SF$1,200,000
Cap Rate: 10%

This is like finding that old rock on your farm that turns out to be gold. 1961 Northpoint Blvd, is a commercial condominium that is grossly underutilized. The entire 12,000 square feet has been occupied by its owner sine its makeover in 2006. There is an abundance of street view footage and entire separate condo that has been used for storage. This exact replica to this condo alone sold for 600k several years back.

There is a Potential NOI (Net operating Income) of over $122k annually. This would take adding a separate tenant to the 3rd subsection of the building (which is currently being used as storage). There is an appraisal of asking price from 2006. The area has only grown in demand and value.

1961 Northpoint Blvd is located on one of the busiest streets in Hamilton County with over 30,000 vehicles daily. The visibility and convenience is incredible. It is across the street from Home Depot, positioned around banks, restaurants and several large retail establishments. There is parking in abundance.

It has the potential of being very versatile. It has now many small individual offices with several large suites for conferences or waiting room areas. This also has a capacity of one room being a large meeting room with available +/- 120 seats. This office has been finished with granite counter tops for a beautiful receptionist area, Tile floors and some hardwood floors. It has a full size kitchen. This property could be turned into a Doctors suites with minor changes. It also has approx 2000 sq ft unimproved that could be turned into a living quarters if wanted. Possibilities of using all this square footage into climate controlled storage should also be a consideration.

This is like finding that old rock on your farm that turns out to be gold. 1961 Northpoint Blvd, is a commercial condominium that is grossly underutilized. The entire 12,000 square feet has been occupied by its owner sine its makeover in 2006. There is an abundance of street view footage and entire separate condo that has been used for storage. This exact replica to this condo alone sold for 600k several years back.

There is a Potential NOI (Net operating Income) of over $122k annually. This would take adding a separate tenant to the 3rd subsection of the building (which is currently being used as storage). There is an appraisal of asking price from 2006. The area has only grown in demand and value.

1961 Northpoint Blvd is located on one of the busiest streets in Hamilton County with over 30,000 vehicles daily. The visibility and convenience is incredible. It is across the street from Home Depot, positioned around banks, restaurants and several large retail establishments. There is parking in abundance.

It has the potential of being very versatile. It has now many small individual offices with several large suites for conferences or waiting room areas. This also has a capacity of one room being a large meeting room with available +/- 120 seats. This office has been finished with granite counter tops for a beautiful receptionist area, Tile floors and some hardwood floors. It has a full size kitchen. This property could be turned into a Doctors suites with minor changes. It also has approx 2000 sq ft unimproved that could be turned into a living quarters if wanted. Possibilities of using all this square footage into climate controlled storage should also be a consideration.

View Details
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CIE

Source: Greater Chattanooga REALTORS®

More Information

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