I-75 Interchange Property, 30 Ac, Cleveland TN

Vacant Land for Sale
Catylist Listing ID: 30008406
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Retail, Retail-Pad, Other
Gross Land Area: 30 Acres
Sale Price: $261,000 Per Acre
Total Price: $7,830,000
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/10/2017

Overview / Comments

This Listing (#30008406) is for the entire tract of approx 30 acres in its current condition with utilities at the Street, partially cleared, partially graded and access by public ROW "Commerce Blvd". The 30+/- acre property is located on the South West Quadrant of the I-75 at Exit 20 Interchange (Pleasant Grove Rd). Leading East from the Interchange, Pleasant Grove Road becomes US HWY 74. Exit 20 is the Southern Terminus of the Cleveland By-Pass (“APD 40”), a four lane divided highway. Exit 20 is the ‘hinge-pin’ for traffic to and from major manufacturing / distribution in the area including existing operations in Bradley Co (Wacker Chemie, Amazon Fulfillment, M&M Mars, Duracell, Whirlpool), those in Chattanooga (Volkswagen, Volkswagen vendors, McKee Bakery, Alstom, Astec Industries, US Express) and those incoming to the new Bradley County / Cleveland Industrial Park (located at the South East Quadrant of Exit 20). City and County officials have identified the Exit 20 area as High Growth…up to 61% growth in 15 years. Exit 20 is also the gateway to the annual $90M Tourist traffic to the Ocoee River / Cherokee National Forest area. The Exit 20 Interchange is recently renovated and completed with design capacity up to 120,000 vehicles per day on I-75. One mile to the East on APD 40, the Stone Lake Interchange is being installed to serve the forthcoming Industrial Park. Area uses include a 12-Screen Movie Plex (UEC), Automobile Dealerships (NISSAN, TOYOTA, HONDA), Travel Center (PILOT), and Retail Sales. The 30 +/- acre Property is served by a newly installed ROW “Commerce Blvd” with utilities and storm water prepared for future approvals. Frontage on I-75 is approx. 1,800 feet and provides unimpeded frontage views to interstate traffic. The Property is mostly cleared and mostly graded at the frontage while the rear of the Property is gently rolling topography to an additional 1,200 ft of Frontage on Pleasant Grove Rd. This listing is for the entire acreage, without separate land splits, and in its current development status.

Additional Details

Nearest MSA: Cleveland
County: Bradley
Taxing Authority: City of Cleveland, Bradley County TN
Tax ID/APN: 056 043.00
Zoning: INTERCHANGE COMMERCIAL
Property Located Between: Volkswagen (Exit 9) and Wacker Chemie (Exit 33).
Property Visibility: Excellent
Legal Description: Bradley County TN TAX ID 056 043.00
Largest Nearby Street: I-75
Feet of Frontage: 1,800
Traffic/Vehicle Count: 80,000
Highway Access: US HWY 74, APD 40 ; Interstate 75
Airports: Chattanooga Municipal. Cleveland TN
Site Description: Mostly Graded, Mostly Cleared, Access by ROW "Commerce Blvd".
Lot Frontage: 1800 +/-
Lot Depth: 1100 +/-
Zoning Description: Interchange Commercial
Topography: Level
Easements: Electric Lines, Ingress/Egress, Utilities
Easements Description: public ROW "Commerce Blvd" for ingress / egress and utilities. Storm Water drainage per TDOT approval
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,772 43,055 70,710
Median Age: 36.35 35.41 37.15
Households: 2,895 16,582 27,220

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