2.90 Acres / Pinewood Drive Near Gunbarrel

Vacant Land for Sale
Catylist Listing ID: 29846321
Property Subtypes: Multi-Family, Residential (Single Family), Other
Gross Land Area: 2.90 Acres
Sale Price: $290,000
Unit Price: $100,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/10/2017

Overview / Comments

BACK ON THE MARKET!
2.90 Prime acres available on Pinewood Drive down from Gunbarrel Road just waiting to be developed. It is currently zoned R1 and it is ready for residential development! 200 feet of road frontage on Pinewood Drive. This is a combination of 2 parcels totaling 2.90 acres. Sewer on property.

There is a small white house on the smaller parcel which has zero value, and will be demolished in the coming weeks. The value is in the land.

Additional property available.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 149B B 012 & 103
Zoning: R1
Market Type: Medium
Property Located Between: Gunbarrel and Standifer Gap on Pinewood
Road Type: Paved, 2-Track
Property Visibility: Good
Legal Description: Blk 7 Varnell Farms Pb 14 Pg 140 and Lots 48 & 49 Blk 7 Varnell Farms Pb 14 Pg 140
Largest Nearby Street: Gunbarrel Road
Feet of Frontage: 200
Traffic/Vehicle Count: 27,395
Highway Access: I75
Airports: Chattanooga Metropolitan Airport
Site Description: level, slightly wooded
Area Description: Residential, Apartments, Churches
Lot Frontage: 200
Lot Depth: 650
Zoning Description: R1
Topography: Level
Available Utilities: Electric, Water, Sewer

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,262 46,238 102,840
Median Age: 41.76 40.32 39.81
Households: 2,520 19,169 41,745

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