Development Land on Gunbarrel Rd

Vacant Land for Sale
Catylist Listing ID: 29731659
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 6.25 Acres
Sale Price: $635,000
Unit Price: $101,600 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/28/2017

Overview / Comments

Zoning for development of 7.7 units per acre has been approved on 3 of the 4 parcels offered. Buyer to rezone remaining parcel. This property is located in a high growth sub-market of Chattanooga near major job centers and retail hubs. Low drive time to work and myriad area amenities make this a convenient and desirable place to live. In 2016 widening of Gunbarrel Rd. from Shallowford Rd. to the subject site will begin. To moderate traffic flow a roundabout will be installed at the corner of Gunbarrel Rd. and MinTom Dr.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033149A C 00200P000
Zoning: RT/Z
Property Visibility: Good

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,751 44,979 106,447
Median Age: 39.95 40.43 39.66
Households: 2,847 19,049 43,308

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