620 Acres Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 29975783
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Vacation/Resort
Gross Land Area: 620 Acres
Sale Price: $17,999 Per Acre
Total Price: $11,159,380
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2017

Overview / Comments

Excellent opportunity to complete an established upscale development. The remaining 620 acres of the Mountain Lake Estates development provides unique and diverse development potential. The ability to piggyback the existing infrastructure and amenity package mitigates much of the upfront cost associated with a development of this caliber. The existing developed land consists of single family brow view and interior lots, with some homes exceeding $5,000,000 in value. The existing plan for the undeveloped land calls for a mix of single family lots, garden home lots and town homes. See site plan attached. This development opportunity is a must see. The property has additional access at 6707 White Oak Valley Circle.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 033123C B 00100P000
Property Located Between: Off of Georgetown Road and Sylar Road in Ooltewah
Property Visibility: Excellent
Highway Access: I-75 at Exit 11 minutes away
Airports: Chattanooga Regional Airport 15 minute drive.
Part of Planned Development?: Yes
Development Name: Mountain Lake Estates
Topography: Rolling
Available Utilities: Electric, Water, Gas, Cable
Water Service: Municipal
Sewer Type: Septic

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,377 11,580 33,259
Median Age: 46.98 41.71 40.61
Households: 520 4,445 12,539
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