Trophy Retail Land - 9.1 Acres

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 29948759
Property Subtypes: Retail
Status: Pending/Contingent
Gross Land Area: 9.10 Acres
Sale Price: See Agent
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/3/2017

Overview / Comments

This property is 9.1 acres of level land located in the heart of Chattanooga's retail district. It is one block off of the E. Brainerd Rd and Gunbarrel Rd intersection. It has been a very long time since a retail property of this size and quality has hit the market for sale. Presently, there is a 52,000 SF closed elementary school building on the property.

The property will need to be rezoned to C2 from R1 for maximum retail usage. The seller will support these rezoning efforts by a buyer if needed.

The property has 370 feet of frontage on E. Brainerd Rd and 811 of frontage on Joiner Rd. There is one curb cut on E. Brainerd Rd and two on Joiner Rd. The site has some pine tress in the northwest portion of the property.

There will be a call for offers on Monday, May 30th.

Other documents available upon request are: demographics, asbestos and retail gap report

Additional Details

Nearest MSA: Athens
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 158E D 006
Zoning: R1
Property Located Between: E. Brainerd Rd and Joiner Rd
Property Visibility: Excellent
Largest Nearby Street: E. Brainerd Rd
Feet of Frontage: 370
Traffic/Vehicle Count: 48,564
Highway Access: The property is 1 mile in from Interstate I-75 at Exit 3. At Exit 3 the I-75 traffic is nearly 100,000 vehicles per day.
Airports: Chattanooga Metropolitan
Site Description: The site is level and slightly above street grade. The site is rectangular with average width of 575 feet and depth of about 800 feet.
Area Description: The Gunbarrel and E. Brainerd Rd area is the retail center for Chattanooga and Hamilton County in general. The area is anchored by the 1,200,000 SF Hamilton Place Mall. The Hamilton Place Mall (www.hamiltonplace.com) is Tennessee largest mall.
Lot Frontage: 371
Lot Depth: 811
Zoning Description: R1. C2 needed for commercial/retail use.
Water Service: Municipal
Sewer Type: Municipal


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,318 43,420 120,111
Median Age: 40.94 40.15 39.83
Households: 3,026 18,506 49,736

Contact

Photograph of Listing Agent

Robert Fisher

KW Commercial GCAR CMLS Member
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