Hwy 153 Parcel, 5.6 acres with Owner Financing Avaialble

Vacant Land for Sale
Catylist Listing ID: 1651694
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Gross Land Area: 5.64 Acres
Sale Price: $1,500,000
Unit Price: $265,957 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/20/2017

Overview / Comments

Prime frontage on Highway 153, Chattanooga, TN. This is 5.6 acres at a signaled red light intersection.

Property is just next to the newest development on Highway 153 called Hillock Farms. Hillock Farms will consist of 250,000 square feet of corporate office space, a 280 unit class A apartment complex, 500,000 square feet of retail space, restaurants and a trail system.

This location is ideal for a Hotel, Extended Stay Hotel, Day care Facility, Physical Therapy Office, Medical Office, Bank, Chiropractor, Dentist, Nursery and many more possibilities.

Traffic counts are 32,000 to 35,000 cars per day.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Zoning: C-2 COMMERCIAL
Market Type: Medium
Property Visibility: Excellent
Largest Nearby Street: Highway 153
Site Description: 5.6 acres located at the corner of Hwy 153 and Boy Scout Road. Prime corner location with red light. Traffic counts are 32,000+ at the intersection. One block south of Hwy 27 Corridor J with traffic counts of 35,000+. Ideal location for fast food, professional office, hotel sit down restaurant, etc.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,897 24,977 67,410
Median Age: 43.91 41.89 41.79
Households: 762 10,282 28,252

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