I-24 Chattanooga Multi-Family Land

Vacant Land for Sale
Catylist Listing ID: 30008824
Property Subtypes: Multi-Family
Gross Land Area: 43.64 Acres
Sale Price: $1,950,000
Unit Price: $44,683 Per Acre
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 1/6/2018

Overview / Comments

Land Already fully zoned for Multi-family. 8 unit/acre max allowable by zoning restriction. Wooded with views fronting I-24. Five minutes direct shot to Chattanooga's downtown.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County/Chattanooga TN
Tax ID/APN: 154H A 004
Zoning: R-4
Property Located Between: Along I-24 and Cummings Hwy (US Hwy 41)
Property Visibility: Excellent
Largest Nearby Street: I-24 at Cummings Hwy
Feet of Frontage: 2,000
Traffic/Vehicle Count: 69,000
Highway Access: Hwy 41 and I-24
Airports: Chattanooga Metropolitan Airport
Site Description: Wooded 43.64 acre tract with views and four street frontage. 5 minutes from downtown Chattanooga, direct shot on I-24.
Area Description: Lookout Valley is around the bend in the Tennessee River from Chattanooga's Southside Redevelopment District. It is surrounded by mountains with I-24 running through it. This allows the benefits of natural beauty while being just minutes from Main Street.
Lot Frontage: 2000+/-
Lot Depth: 1500+/-
Zoning Description: R-4 Multi-Family. Approved for up to 8 units per acre for the 43.84 acres.
Development Name: Chattanooga I-24 Multi-Family Tract
Topography: Other
Easements: Electric Lines, Ingress/Egress, Utilities
Easements Description: TVA Transmission Lines, water line, access agreement with TAWC
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 594 9,392 46,240
Median Age: 42.61 41.91 36.44
Households: 246 4,030 19,276


Photograph of Listing Agent

Thomas A Austin

Austin Real Estate L.L.C. GCAR CMLS Member
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither GCAR Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.