Varnell Property

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30113183
Property Subtypes: Residential (Single Family)
Status: Pending/Contingent
Gross Land Area: 50 Acres
Sale Price: $2,560,000
Unit Price: $51,200 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/17/2017

Overview / Comments

This property is Zoned R-3 that will allow up to 7 units per acre. Proposed site plans are available to view that would allow from 135 units up to about 240 units on approximately 35 acres of the property. The balance of approximately 15 acres may be used as green space or developed into a conservation easement or trust. Land cost per unit ranges from $10,700 up to $18,950. This property is inside the City of Collegedale and has credits for all the sewer taps needed for this property. There is a moratorium on sewer taps in the Ooltewah/Collegedale area.
Take I-75 to Apison Exit 9. Go East on Apison Pike to a right onto Ooltewah Ringgold Road. Property is about a mile on the left.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033150 24400P000
Zoning: R-3
Property Visibility: Excellent
Legal Description: 1. Farm 96-77A & 93A-04A Pt S 1/2 Sec 28 Twp 4 R 2 Pt S 1/2 Sec 29 Twp 4 R 2 Parcel # 150 244 2. Lt 1 Varnell Family Sub Pb76 Pg105 Out Of 150-244 For 2005 Parcel # 150 244.03
Largest Nearby Street: Ooltewah Ringgold Road
Site Description: This is vacant land and all utilities listed available are either on the property side of the street or will have to be brought under the street. Call Stonebridge Realty at 423-267-1985 for more details.
Zoning Description: R-3 City of Collegedale - allows up to 7 units per acre.
Topography: Rolling
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,471 28,154 65,159
Median Age: 32.39 38.83 39.44
Households: 1,506 9,797 24,306


Photograph of Listing Agent

David Woodard

Stonebridge Realty GCAR CMLS Member
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