Development Large Acreage, Hixson TN

Vacant Land for Sale
Catylist Listing ID: 30085703
Property Subtypes: Agricultural, Multi-Family, Residential (Single Family), Other
Gross Land Area: 63 Acres
Sale Price: $1,000,000
Unit Price: $15,873 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/18/2017

Overview / Comments

Development Opportunity. This large acreage tract offers close proximity desired amenities in the Hixson sub-market of Chattanooga TN. Recreational Opportunities:Less than 2 miles to Hixson Marina, 4 miles to Privateer Yacht Club, 2 miles to Valley Brook and Creeks Bend Golf Courses, 3 miles to Chester Frost Park. 4 miles to Greenway Farms. Shopping / Medical at Northgate Mall and Hwy 153 area. Schools within the local Hixson provide a good basis of education from elementary through high school. Commuters will enjoy access to their destinations via Hwy 27, Hwy 153 and I-75. Surrounding use is residential (Hidden Harbor). A preceding use of the property as a stone quarry leaves a one acre pond a the center of the parcel...a man-made feature that is as natural in its location as it is in its appeal to natural lifestyles. Within the geography of the site there is an environment of separateness, peacefulness, natural abundance and woodland preserve which is an ideal setting for residential use and enjoyment. Past development plans include a 180 unit residential mixed use PUD. With pursuit of an appropriate zone approval, other site plans could be initiated and installed including medium to high density residential townhomes, duplex / quad plex or single family homes. Perhaps even a retirement community.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chatt, Hamilton Co
Tax ID/APN: 092 161.02
Zoning: R1
Property Located Between: Valley Brook Golf Course and Chester Frost Park
Legal Description: Tax Map 092 161.02
Largest Nearby Street: HIxson Pike (State Hwy 319)
Highway Access: State Hwy 27, State Hwy 153, I-75
Airports: Chattanooga Municipal
Site Description: Ridge and valley. Geographic 'bowl'.
Zoning Description: R-1, Single Family Residential

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,741 28,406 77,843
Median Age: 43.52 44.01 41.08
Households: 1,020 11,129 31,515

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