Commercial Acreage - Will Subdivide - Ground Lease Possible

Vacant Land for Sale
Catylist Listing ID: 30080557
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 7 Acres
Sale Price: $3,000,000
Unit Price: $428,571 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 10/8/2019

Overview / Comments

Commercial property. For sale is 7 acres of parcel 11B249002, at the only egress from Costco and Cabella's. Owner will entertain subdividing or possible ground lease for qualified buyer. Improvements include storm water, retention ponds, and sewer with gas adjacent. A fire hydrant is at the corner of the property. Phase 1 and 2 environmental studies have been done. Recent topographic survey by Compton is in the attached documents. The storm drain system was designed for >80,000 SF roof space plus parking lot for entire property.

Building site is level, has recently been cleared of all scrub, and is ready for development.

Additional Details

Nearest MSA: Chattanooga
County: Catoosa
Tax ID/APN: 0011B249002
Zoning: I1
Property Located Between: Costco and Cloud Springs Rd.
Property Visibility: Excellent
Legal Description: Tract 2 and 3 Interstate Commerce Survey
Largest Nearby Street: Cloud Springs Rd., I75
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,303 41,396 127,504
Median Age: 39.39 39.46 38.45
Households: 846 17,532 52,498


Photograph of Listing Agent

Stephen Abercrombie

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
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