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


© Copyright GCAR Commercial MLS. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither GCAR Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.