Central Office Park
Office/Retail | 19,360 SqFt
Marketing description
SVN | Second Story is pleased to present to the market for sale a ±19,360 SF multi-tenant office and retail investment property. Located at 5805-5811 Lee Highway in Chattanooga, Tennessee this well-maintained, high-performing asset offers stable in-place income with clear valueadd potential. The offering includes an income-generating billboard that is leased on a long-term basis. The property is positioned along one of the region’s primary commercial corridors and benefits from excellent visibility, strong traffic counts, and easy accessibility to key commercial districts. Fully occupied by a diverse tenant roster, the asset provides consistent cash flow with minimal near-term capital expense risk. Recent capital improvements, including replacement of HVAC units and installation of a partial new roof, have enhanced the building’s efficiency and extended its useful life. This offering presents a compelling value-add investment opportunity through strategic leasing initiatives. Many existing tenants are currently on month-to-month leases, creating a clear pathway for an investor to drive NOI growth by securing tenants on longer-term lease agreements. With opportunities for modernization and upgrades, there is significant room to increase rental rates to market levels. The property’s strong location, high occupancy, and well-maintained physical condition position it well for continued performance and income growth.
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