4th & 5th Street .50 acre

Vacant Land for Sale
Catylist Listing ID: 30775626
Property Subtypes: Multi-Family
Gross Land Area: 0.50 Acres
Sale Price: $400,000
Unit Price: $800,000 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/28/2021

Overview / Comments

Within walking distance of UTC and Erlanger Hospital are 4 separate lots totaling .5 acre. Three lots parcel id 146A N 010, 146A N 009, and 146A N 008. And one parcel on 5th Street (146A N 020). Outstanding use for apartments, small office including medical office or other commercial uses. Zoned R-4 (intended for office and or multifamily residential.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga
Tax ID/APN: 033146A N 01000P000
Zoning: R-4
Property Located Between: Between E 5th Street and E 4th Street off Central Avenue
Property Visibility: Excellent
Legal Description: Lot 3 Blk 6 Hope & Chandler Pb N/R; Lot 2 Blk 6 Hope & Chandler N/R Lt 1 Blk 6 Hope & Chandler N/R; Lot 14 Blk 6 Hope & Chandler Pb N/R
Largest Nearby Street: Central Avenue
Feet of Frontage: 132
Highway Access: E 4th or E 5th Street to Central Avenue to I-24 East or West.
Airports: Chattanooga Lovell Field
Site Description: 4 vacant lots totaling .5 acre within the Central Avenue corridor, walking proximity to Erlanger and UTC.
Area Description: Located within walking distance of the University of Tennessee at Chattanooga. Nearby Erlanger Health Systems main campus, one of largest Chattanooga employers (+6000 employees) and the bustling Central Avenue corridor ideal for office and multi-family apartments (R-4) student housing and such.
Lot Frontage: 132 feet
Lot Depth: 133 feet
Zoning Description: R-4 (intended for office and/or multi-family residential/office use
Topography: Gently Sloping
Available Utilities: Electric, Water, Gas, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,550 64,281 135,947
Median Age: 30.02 34.24 36.69
Households: 3,288 26,053 56,781

Contact

Photograph of Listing Agent

Tad Bromfield

Sentinel Commercial Properties Greater Chattanooga REALTORS® Member
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