Apartment/Town Home Site

Vacant Land for Sale
Catylist Listing ID: 30154233
Property Subtypes: Multi-Family, Office, Other
Gross Land Area: 5.08 Acres
Sale Price: $460,000
Unit Price: $90,551 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/18/2017

Overview / Comments

Recently reduced price!

Approximately 5 acres of already rezoned R-4 property. This mostly cleared, gently sloping property is located on Ashland Terrace near the Ely Road intersection. Over 16,200 cars travel this five (5) lane road, with middle turn lane, daily. This conveniently located property is 2 minutes from Walgreens, Rite Aid, and child care, and is 5 minutes from Erlanger North Hospital, Walmart Neighborhood Grocery, Self-Storage, & Restaurants.

Access is available along Ashland Terrace as well as a secondary entrance along Sanders Road. All utilities lines are available.

This sale includes both lots 701 & 707 Ashland Terrace. It is a great location for multi-family as well as town homes, assisted living, or a nursing home.

Zoned Schools:
Elementary: Dupont Elementary (<2 Miles)
Middle School: Red Bank Middle School (<7 Miles)
High School: Red Bank High School (<7 Miles)
Private Schools: St Jude & St Peter (<1 Mile)

This location makes access to Hixson, Red Bank or downtown Chattanooga an easy 5 to 10 minute drive. 1.3 miles to US 27 Interchange at Morrison Springs Rd, 3 miles to Hwy 153.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 109O D 003 & 109O D 001
Zoning: R-4
Property Located Between: Sanders Rd & Oak Ridge Dr
Property Visibility: Excellent
Legal Description: Vandergriff W F Subdivision
Largest Nearby Street: Ashland Terrace
Traffic/Vehicle Count: 16,271
Highway Access: Approx. 1.3 miles to US 27 at Morrison Springs Rd. and 3 miles to Highway 153
Airports: Chattanooga Metropolitan Airport - 10 miles
Site Description: mostly flat, gently sloped
Area Description: Located on Ashland Terrace between Dayton Blvd. and Hixson Pike
Zoning Description: R-4
Topography: Gently Sloping
Easements: Electric Lines
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,472 40,345 99,845
Median Age: 39.87 37.87 39.79
Households: 3,796 18,170 42,716

Contact

Photograph of Listing Agent

William B Raines Jr.

The Raines Group, Inc. GCAR CMLS Member
Photograph of Listing Agent

Michael Lisowski

The Raines Group, Inc. GCAR CMLS Member
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