Catylist ID: #30224266
Interstate Retail Development Site
Vacant Land for Sale
|Catylist Listing ID:||30224266|
|Property Subtypes:||Hospitality, Retail|
|Gross Land Area:||5 Acres|
|Unit Price:||$150,000 Per Acre|
|Land Splits Available:||Yes|
|Adjacent Parcels Available:||Yes|
|Sale Terms:||Cash to Seller|
Overview / Comments
Retail development land ideal for multiple Fast Food Restaurant and Hotel pad sites. The property lies adjacent to and in the median of Interstate 24 at Exit 158, just west of where I-24 crosses Nickajack Lake on the Tennessee River, 25 minutes from downtown Chattanooga.
This exit is well known for Tennessee/Alabama Fireworks which lies in the median, identifiable to westbound traffic from 1.25 miles away. The existing fireworks retail site has been acquired by Speedway and will soon be converted to a large travel center, offering enhanced visibility and more direct access for both eastbound and westbound interstate traffic as compared to the Love's Travel Stop to the north.
Access and utilities to this retail site will be provided via an easement across the Speedway site, with shared ingress/egress to TVA Road with Speedway traffic.
Additional land is available to the west in the median, as well as a large tract at the southwest corner of I-24 and TVA Road.
Total Land Available:
Median Tract: Tax Parcel 131 022.00: 83 Acres +/-
Shellmound Tract: Tax Parcel 144 010.00: 166 Acres +/-
|Taxing Authority:||Marion County|
|Tax ID/APN:||131 022.00|
|Legal Description:||Property to be subdivided from the existing parcel. Legal Description TBD based on new survey.|
|Highway Access:||Immediately Adjacent to I-24 at Exit 158|
|Easements Description:||Access and utilities to this retail site will be provided via an easement across the Speedway site, with shared ingress/egress to TVA Road with Speedway traffic. Easements will be required across the subject site to provide access and utilities to the remainder of the large tract to the west.|
|Proximity:||1 mile||3 miles||5 miles|
Jason A LehnHerman Walldorf Commercial Greater Chattanooga REALTORS® Member
Benjamin PittsHerman Walldorf Commercial Greater Chattanooga REALTORS® Member
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