Development Land, Lee Hwy

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 28790255
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Other
Status: Pending
Gross Land Area: 6.50 Acres
Sale Price: $2,000,000
Unit Price: $307,692 Per Acre
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 5/23/2017

Overview / Comments

6.5 acres Development Land in Commercial District. Property has been cleared, filled and compacted for commercial improvements. Sewer is on site. Approx 600 ft Frontage on Lee Hwy (Hwy 11 / Hwy 64), a major artery through commercial, office, and retail districts provides excellent exposure. Some portion of the property is included in the 100 year flood zone, although a prepared build site has been elevated and compacted. Currently zoned R4 which permits a variety of uses including Multifamily, Bank Location, Church, Professional/Medical, Dental, and Office. Additional uses with special permitting may include Hospital, Assisted Living, and Veterinary (see attached Zone Description).

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 139P C 007
Zoning: R4
Market Type: Large
Property Located Between: Shallowford Rd and Bonny Oaks
Side of Street: East
Property Visibility: Excellent
Legal Description: Comm Assessment for 2005 Church of God Addn Pb 43 Pg 114 Rev Pb 43 Pg 145
Largest Nearby Street: Lee Hwy (Hwy 11/64), I 75
Feet of Frontage: 600
Traffic/Vehicle Count: 23,000
Site Description: Cleared, level, filled, graded, compacted. Build site ready.
Area Description: This site is within the Hamilton Place Mall commercial area. Hamilton Place Mall is the largest mall in Tennessee and anchors the regional commercial presence in South East TN and North GA. Volkswagen Plant is within 2 mile proximity. The area is the fastest growing in Hamilton Co.
Lot Frontage: 600
Lot Depth: 650
Zoning Description: R4. Zoning description attached.
Topography: Level
Easements: Utilities
Available Utilities: Electric, Water, Gas, Sewer

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,087 46,380 116,212
Median Age: 43.36 40.38 39.52
Households: 2,944 19,631 47,554

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