Development Acreage, HWY 153

Expired Vacant Land for Sale
Catylist Listing ID: 29944627
Property Subtypes: Hospitality, Office, Retail
Gross Land Area: 1.80 Acres
Sale Price: $499,900
Unit Price: $277,722 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Expired On: 7/7/2017
Last Updated: 7/7/2017

Overview / Comments

Corner Property across from the Fountains development (Academy Sports and Kohl's). This listing is the assemblage of two lots under the same owenership for a total of 1.8 acres. The lots will not be sold separately, but as a whole for a total frontage on HWY 153 of approx. 435 ft. Current Zoning is R4 which permits Schools, Churches, Professional Offices, Studios, Banks, Day Care, Dental Offices, etc. and a small protion which appears to be R1, buyer to verify. Utilities are on-site or available at HWY 153. Prominent location at top of hill and across from newly installed Academy Sports and Kohl's. More development opportunities exist at the Fountains and anticipated at the planned $100 Million mixed-use developement Hillocks Farms. This Property would be well suited for retail or office uses. The value of an unoccupied residence on the property is not taken into consideration for this listing price. The final disposition of the residence will be at Seller's discretion. This site enjoys high visibility on a high traffic, major artery (32,951 vehicles per day), near the interchange of two State Higways (HWY 153 and HWY 27). Corner Frontage provides alternative traffic patterns and access. Frontage on Stoneridge Trail is approximately 175 ft. Frontage on HWY 153 is approximately 435 ft.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chatt, Hamilton Co
Tax ID/APN: 091I B 005 and 091I B 006
Zoning: R4 AND R1
Property Located Between: Hwy 27 and North Gate Mall
Property Visibility: Excellent
Legal Description: Two Lots: 1. 5972 HWY 153 - TAX ID 091I B 005 - as described in ROHC 9052/993 2. 411 Stoneridge Trail - TAX ID 091I B 006 - as described in ROHC 9052/993
Largest Nearby Street: HIGHWAY 153
Feet of Frontage: 435
Traffic/Vehicle Count: 32,951
Highway Access: Frontage on HWY 153, a 5 lane major artery for north Hamilton County areas including Hixson, Middle Valley, Soddy Daisy, Red Bank, Big Ridge.
Airports: Chattanooga Municipal
Site Description: Prominent Hill Top
Area Description: Growth Corridor heading north to the intersection of HWY 27.
Lot Frontage: 435
Lot Depth: 150 IRR
Zoning Description: Mix of Zones: R4 and R1
Topography: Hilly

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,644 34,430 76,627
Median Age: 41.06 41.73 40.88
Households: 2,332 14,432 32,522

Contact

Photograph of Listing Agent

John Mitchum

Re/Max Renaissance Realtors GCAR CMLS Member
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