8.12 Acres @ Gunbarrel & Pinewood Drive

Vacant Land for Sale
Catylist Listing ID: 29846272
Property Subtypes: Multi-Family, Residential (Single Family), Other
Gross Land Area: 8.12 Acres
Sale Price: $1,200,000
Unit Price: $147,783 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/23/2017

Overview / Comments

8.12 Prime acres available at the corner of Pinewood Drive and Gunbarrel Road just waiting to be developed. It is currently zoned R1. There is a possibility for rezoning to Mixed Used with Apartments and Condo's. The property has 475 feet of road frontage on Gunbarrel and 650 ft on Pinewood Drive.

The two adjacent properties are 6 acres giving a total of 14.12 acres.

Sewer at property.

Property is gently rolling and level.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 149B B 011.01
Zoning: R1
Market Type: Large
Property Located Between: Min Tom and Pinewood
Road Type: Paved, 2-Track
Property Visibility: Excellent
Legal Description: Rev Lts 8-A & 8-B Varnell Farms 29-258
Largest Nearby Street: Gunbarrel
Feet of Frontage: 650
Traffic/Vehicle Count: 27,395
Highway Access: I75
Airports: Chattanooga Metropolitan Airport
Site Description: level and gently rolling, slightly wooded
Area Description: Apartments, residential, churches
Lot Frontage: 475 ft on Gunbarrel / 650 ft on Pinewood Drive
Zoning Description: R1
Topography: Level
Available Utilities: Electric, Water, Sewer

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,262 47,711 106,048
Median Age: 41.76 40.36 39.8
Households: 2,520 19,874 43,158

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