147 +/- Acre Development Opportunity! Previously a Golf Course

Vacant Land for Sale
Catylist Listing ID: 30764483
Property Subtypes: Residential (Single Family)
Gross Land Area: 147 Acres
Sale Price: $1,750,000
Unit Price: $11,904 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/24/2022

Overview / Comments

Incredible investment & development opportunity here is 147 acres of picturesque rolling landscape atop several distinct bluffs overlooking Chickamauga Lake and Harrison Bay within the exclusive residential community of Eagle Bluff Subdivision located approx 15 min from downtown Chattanooga, TN MSA. The golf course currently non working ,was designed in 1995 by course architect Bill Bergin, the 18 hole championship layout has offered year round golf here in this community for over 23 years and has been well known for its contoured and rolling fairways along with the uphill and downhill elevation changes. Property features an approx 4,878 sq ft clubhouse with equipment setup for full service restaurant & bar, two additional warehouse-storage buildings together totaling approx 10,900 sq ft , a driving range, in-ground pool w/ pool house. The 147 acre course is centered in a prestigious neighborhood of approx 200+ homes that range from 300k up to 1M+ in price with a mixture of established and new construction single family homes with active new construction and development going on currently within the community. Continue as a golf course or subdivide and develop as the possibilities are endless here! Chattanooga, TN MSA is a thriving southern gem of a city and has continued to experience explosive growth in terms of population, business and jobs the last couple of years. Licensee has personal interest in this property.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 002066 02300

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 866 22,824 64,291
Median Age: 51.2 43.51 41.12
Households: 355 8,872 25,526

Contact

Photograph of Listing Agent

Katie L Ashley

RE/MAX Renaissance Realtors Greater Chattanooga REALTORS® Member
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