I-75 Exit 7, Interchange Property

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30086964
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Self Storage, Other
Status: Pending/Contingent
Gross Land Area: 7.41 Acres
Sale Price: $1,050,000
Unit Price: $141,700 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/23/2021

Overview / Comments

**PRICE REDUCED** Interchange Development Property. This 7.4 acre site is well positioned for visibility and convenience. The R4 zone provides for a wide range of uses including Multi-Family, Lodging, Hospitals, Churches, Schools, Offices, Assisted Living and even Museums. The site provides good visibility from I-75 traffic especially if existing topography is incorporated into the site plan to provide prominence to the build site. Frontage on Old Lee Hwy (State Route 317) is approx. 650 ft and depth is approx. 500. The parcel is rectangularly shaped (with slight irregularity) and a power line easement crosses one corner, but would not be anticipated to prohibit site uses such as parking or storm water retention. Access to the site from Old Lee Hwy is good. Area uses include Corporate Campus / Head Quarters (US Express two locations, Church of God), Multifamily Complex, hotels, high end Automotive Sales (Porsche, Jaguar, Range Rover). City of Chattanooga Sewer is located approx. 750 ft to the south.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chatt, Hamilton Co
Tax ID/APN: 139F E 002
Zoning: R4
Property Located Between: At I-75 Exit 7 (Collegedale / Bonny Oaks)
Legal Description: Tax ID 139F E 002; As described in Deed book 10133 Page 696
Largest Nearby Street: I-75
Feet of Frontage: 650
Highway Access: I-75 at Exit 7 (collegedale / bonny oaks)
Airports: Chattanooga Municipal
Site Description: Level to Sloping. Cleared. Rectangular. 650 ft frontage on Old Lee Hwy. approx. 500 ft depth. Power Line easement on one corner.
Area Description: High Traffic Area. Near Volkswagen Plant, Hamilton Place Mall, Major Commercial, Retail, Medical and Employment area.
Lot Frontage: 650
Lot Depth: 500
Zoning Description: R4
Topography: Gently Sloping
Easements: Electric Lines
Easements Description: Two power line easements (running adjacently): a. TVA 100 ft. b. Elect Power Board 25 ft.
Available Utilities: Electric, Water, Gas, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,745 38,921 98,044
Median Age: 40.34 41.15 39.81
Households: 1,529 15,494 39,350

Contact

Photograph of Listing Agent

John Mitchum

RE/MAX Renaissance Realtors Greater Chattanooga REALTORS® Member
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