1012 Riverfront Parkway

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1012 Riverfront Parkway

Chattanooga, TN 37402
Asking Price
$5.50M
Asset Type
Traditional Office Office
Class
Class B

What's Special

20,400 SF Office Building | 2.24 Acres | Riverfront Pkwy across from The Bend Development <ul><li>​<strong>20,400 SF</strong> former financial headquarters</li><li>​<strong>2.24-acre site</strong> with strong Riverfront Pkwy frontage</li><li>​<strong>64 parking spaces</strong> (excellent parking ratio)</li><li>​<strong>Flexible layout</strong> with non-load-bearing interior walls</li><li>​<strong>Repositioning opportunity</strong> for medical or office users</li><li>​<strong>I-H</strong> Zoning</li><li>​<strong>Spacious 4,000 SF lobby with soaring ceilings</strong> and open layout</l

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NOI
$80,000
Cap Rate
1.45%
DSCR
0.24
Underwater
Cash-on-Cash
-14.94%
Monthly Payment
$27,210.999
Annual Cash Flow
$-246,531.989

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