Hwy 58 - 4.43 Acres

Vacant Land for Sale
Catylist Listing ID: 28765511
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Self Storage
Gross Land Area: 4.43 Acres
Sale Price: $565,000
Unit Price: $127,539 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/28/2017

Overview / Comments

Highly visible raw land just past the intersection of Highway 58 and Eller Road (O'Reilly's Auto Parts store is located at this intersection). Subject consists of approximately 4.43 acres; it is zoned C-2.

Subject property begins at the southern end of the transmission line easement and extends almost 500 feet northward along Highway 58

Access to traffic light at Eller Road is via a 30' wide ingress / egress easement parallel to Highway 58. See attached Eller Road Subdivision Plat.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 120N B 026
Zoning: C-2
Market Type: Medium
Property Located Between: Eller Road and Lantana Lane
Side of Street: Northwest
Road Type: Highway
Property Visibility: Excellent
Largest Nearby Street: Highway 58
Highway Access: Direct access to Highway 58. Subject is approximately 2 miles northeast of the intersection of Highway 58 and Highway 153.
Site Description: Site is mostly wooded with great visibility on Highway 58. High voltage transmission line easement (75' wide) is located at the south end of the property. 8" sanitary sewer line runs through property at the southern end as well.
Zoning Description: Sec. 38-181. Intent. It is the intent of the C-2 Convenience Commercial Zone to promote, where need exists, the clustering and development of businesses, offices, and service facilities to serve the demand for goods and services generated both by area residents and by transients traveling to or from other neighborhoods or places of employment. Sec. 38-183. Principal uses permitted. The following principal uses and structures may be permitted in any C-2 Convenience Commercial Zone: (Ord. No. 10205, 04/18/95) (1) Retail Sales and Service Establishments (2) Bakeries, delicatessens, meat and fish markets whose products are sold only at retail and on the premises, (3) Banks, savings and loan institutions, finance companies and credit unions (4) Bowling alleys, billiard rooms, theaters, or other indoor amusement establishments, (5) Vehicular repair facilities, washes, new and used dealerships and repair facilities, provided that the area being used for outside storage of any vehicles must be screened by a sight-obscuring fence a minimum of eight feet (8 ft.) high. This does not include sales display areas at automobile dealerships. (6) Office buildings, (7) Restaurants and other establishments serving prepared food and beverages, (8) Hospitals, (9) Commercial signs and billboards, (10) Schools, churches, and other public and semi-public buildings, (11) Provided that not more than five (5) persons are employed therein, the following uses may be permitted: -Plumbing shops -Electrical shops -Radio and TV shops -Appliance repair shops -Small print shops -Photocopying services -Similar workshop type uses (12) In general, all stores, shops, or services similar in character, type and effect to the above unless otherwise controlled or provided by law. (13) Dwellings, excluding factory manufactured homes constructed as a single self-contained unit and mounted on a single chassis (14) Wholesaling with accessory warehousing and related office space provided that said use shall not exceed five thousand (5,000) square feet in total usable floor area. (15) Motels and Hotels (16) Furniture and Appliance Sales (17) Mini-warehouses, provided that said use does not allow outdoor storage, subject to provision of a natural sign obscuring, landscaped screen on all sides, including in the front, in accordance with the planting standards of Article V, Section 38-333(7)(a) of the Chattanooga Zoning Ordinance, except where a property line abuts an M-1, M-2 or M-3 zone. (Code 1995, Appendix B, Art. V, § 603) (Code 1995, Appendix B, Art. V, § 601)
Topography: Rolling
Easements: Electric Lines, Ingress/Egress
Easements Description: A 30' wide ingress / egress easment exists to allow access from the Subject Property to Eller Road and thus to the traffic signal at the intersection of Eller Road and Hwy 58. A 75' wide transmission easement lies at the southern end of the Subject property making this portion of the property ideal for parking.
Available Utilities: Electric, Water, Sewer, Cable, Broadband

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,396 29,374 109,544
Median Age: 38.07 42.68 40.11
Households: 1,904 12,780 44,662

Contact

Photograph of Listing Agent

Steve Hunt

Berry & Hunt GCAR CMLS Member
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