4 Ac with 300+ ft. of I-75 Frontage - Ooltewah Exit 11

Vacant Land for Sale
Catylist Listing ID: 30127293
Property Subtypes: Hospitality, Industrial, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 3.82 Acres
Sale Price: $600,000 Per Acre
Total Price: $2,292,000
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 11/6/2017

Overview / Comments

There is an undeniable revitalization movement occurring in Ooltewah as it has become the fastest growing residential area in Hamilton County in recent years. This has created the perfect atmosphere for commercial development opportunities in order to help meet the increasing demands of a growing community. The main thoroughfare of Ooltewah - Exit 11 - has already experienced dynamic growth that is expected to continue for many years to come. The exit is just 2 miles from the Enterprise South Industrial Park exit, which is the location of the Volkswagen Plant and the Amazon Fulfillment Center, making the rural community a popular residential destination for its 8,000+ employee base. In addition, the new $30 million Fed-Ex distribution center has announced plans to join the community and is expected to open in August 2017.

Property consists of 2 adjacent parcels that together offer almost 4 acres of level, undeveloped land in one of the most premier locations off the bustling Exit 11 of Ooltewah. With 300+ ft. of frontage facing I-75, the property boasts exceptional visibility from both northbound and southbound travelers on the interstate, which has high traffic counts of 74,000 vehicles per day. Site is easily accessible with a location directly off Old Lee Highway and additional side street access from Ooltewah Cemetary Road. Nearby retailers that currently occupy Old Lee Highway include Zaxby's, Verizon Wireless and Cracker Barrel - which is adjacent to the property. There is also a Springhill Suites by Marriott hotel within close proximity that is currently under construction and expected to open in December 2017.

Property is level and graded, with all utilities available to site. Current owner has already had underground storm water drainage, sewer and EPB fiber optics installed on property. Property is available for sale at $600,000/acre - owner willing to consider selling parcels separately for a higher price per acre.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 131 087 + 131 087.01
Zoning: C-2
Property Located Between: I-75 and Old Lee Highway
Property Visibility: Excellent
Legal Description: Pt Nw 1/4 Sec 17 Twp 4 R-2
Largest Nearby Street: I-75
Feet of Frontage: 311
Traffic/Vehicle Count: 73,996
Highway Access: Interstate 75 - 1.2 mile access via U.S. Hwy 64
Airports: Chattanooga Metropolitan Airport (CHA) - 9.4 miles
Lot Frontage: 400 Feet
Lot Depth: 565 Feet
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,643 25,020 56,736
Median Age: 38.33 39.88 39.31
Households: 1,319 8,948 20,974

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial GCAR CMLS Member
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