Lookout Mtn Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30163943
Property Subtypes: Residential (Single Family)
Gross Land Area: 8.50 Acres
Sale Price: $265,000
Unit Price: $31,176 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/7/2017

Overview / Comments

This is an amazing opportunity to own 3 houses on a little over 8.5 acres on Lookout Mountain. These houses were all damaged in the 2011 tornado that crossed the mountain. While a renovation of the property was started with new roofs and new drywall ceilings after the tornado, this process was never completed. The two front houses are single family units. One has 1518 sq ft and 3 bedrooms and 1 bath, the other has 1031 sq ft and 1 bed and 1 bath. The building to the back of the property is a duplex and has 507 sq ft on each 1 bed 1 bath side. With plenty of additional acreage for additional houses and a small pond for your enjoyment, this could make the prefect start to your tiny house village, or a Covenant College rental compound. The possibilities abound. Parcel will have to be subdivided from the owners additional land before closing.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Walker

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,449 21,618
Median Age: 33.03 37.89
Households: 1,442 8,061

Contact

Photograph of Listing Agent

Mark D Richmond

Keller Williams Realty GCAR CMLS Member
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