Multifamily Development Acreage, HixsonTN

Withdrawn Vacant Land for Sale
Catylist Listing ID: 30074847
Property Subtypes: Agricultural, Multi-Family, Residential (Single Family), Retail
Gross Land Area: 28 Acres
Sale Price: $200,000
Unit Price: $7,142 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Withdrawn On: 10/18/2017
Last Updated: 10/18/2017

Overview / Comments

Development Opportunity. Three parcels assembled for total of 28 acres in progressive Hixson sub-market. Priced right for installation of multi-family units. Current Zoning is mixed R-5 and A1 (with adjacent R3MD); multi-family uses would require re-zoning approvals. Pursue existing preliminary site plan for approx. 84 quad-plex units or create your own plan for Multifamily Apartment Complex. Existing 50 ft easement off Hixson Pike for ingress/egress and utilities. Area uses include golf courses (Valley Brook, Creek Bend), Neighborhood Commercial (Publix, Professional Centers), Churches, Schools (Hixson High), Single Family Residential (Ramsgate, Stone Wall Farms, Valley Brook) and Multifamily Apartments and Townhomes. Topography provides visibility and scenic views to the north (Signal Mtn). Approximately 4.5 miles to Hwy 27 (via Thrasher Pike) or 4.5 miles to Hwy 153 (via 4 lane Hixson Pike) and Major Commercial uses at Northgate Mall.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton Co
Tax ID/APN: 092 151; 092 151.07; 092 151.06
Zoning: A-1; R3
Property Located Between: Valley Brook Golf Course and Chester Frost Park
Property Visibility: Good
Legal Description: Assemblage of 3 parcels: Lt 7 Winders Pointe Pb 46 Pg 250 our of 92-151 for 1993; Lot 6 Winders Pointe Pb 46 Pg 250 out 92-151 for 1993; Tax Parcel ID 092 151.
Largest Nearby Street: HIxson Pike (State Hwy 319)
Feet of Frontage: 695
Highway Access: 4.5 miles to Hwy 27 at Thrasher Pike exit . 4.5 miles to Hwy 153 at Hixson pike exit.
Airports: Chattanooga Municipal
Site Description: Sloping topography. Frontage on Fairview Rd. 50 ft easement to Hixson Pike.
Area Description: Hixson TN is home of Northgate Mall and all associated commercial uses surrounding, Hixson High School / Middle School, Hwy 153 is a major north / south corridor to I-75 and Hamilton Place
Lot Frontage: 695
Lot Depth: 1000
Zoning Description: Mixed Zone R5 and A1
Topography: Steep
Easements: Ingress/Egress, Utilities
Easements Description: 50 Ft Easement to Hixson Pike
Available Utilities: Electric, Water, Gas, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,684 27,537 77,400
Median Age: 43.27 43.76 41.02
Households: 2,147 10,777 31,331

Contact

Photograph of Listing Agent

John Mitchum

Re/Max Renaissance Realtors GCAR CMLS Member
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