Land For Sale | .53ac | Avondale

Vacant Land for Sale
Catylist Listing ID: 30610641
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Other
Gross Land Area: 0.53 Acres
Sale Price: $20,000
Unit Price: $37,735 Per Acre
Sale Terms: Cash to Seller
Last Updated: 7/9/2020

Overview / Comments

Land For Sale | $20,000

Two parcels make up 0.53 acres along Roanoke Ave and Olive St.

One block from the "Tubman" site and future Nippon Paint manufacturing plant.

This location would be excellent for a home, duplex or maybe even a 4-plex. Is located on a corner location where significant growth is bound to happen because of the Nippon Paint Plant installation. The City of Chattanooga recently sold this site which previously held the Tubman apartment development.

Within a few blocks of this location there is new housing and other properties being renovated or redeveloped.

This is a buy, hold and flip or a buy, develop and flip opportunity.

The corner is currently zoned residential, R1, but may be possible to be rezoned to a commercial (C2) designation. Within a few blocks there are at least 5 zoning types which would help support a possible zoning change, if wanted. With that designation, it could be c-store, laundry mat or many commercial uses.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County / Chattanooga City
Tax ID/APN: 033136L A 00600
Zoning: R1
Property Located Between: N Orchard Knob Ave & Roanoke Ave
Property Visibility: Excellent
Largest Nearby Street: Roanoke Ave
Feet of Frontage: 148
Traffic/Vehicle Count: 5,000
Highway Access: The property is near the intersection of Wilcox Blvd and Amnicola Hwy.
Airports: Chattanooga Metropolitan Airport
Site Description: The site is level and at street grade. Most of the trees have been cleared. It is a grassy lot. The south side of the lot borders railroad tracks and buffer land.
Area Description: This is a blue collar neighborhood with a mix of single family houses and duplexes and some commercial uses nearby.
Lot Frontage: 148'
Lot Depth: 107'
Zoning Description: R1
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,695 63,253 152,297
Median Age: 35.19 35.17 37.02
Households: 3,803 25,139 64,851

Contact

Photograph of Listing Agent

Robert Fisher

KW Commercial Greater Chattanooga REALTORS® Member
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