1 Acre, Corner Lot Near the Airport

Vacant Land for Sale
Catylist Listing ID: 30464048
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 1 Acre
Sale Price: $499,000
Unit Price: $499,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/14/2019

Overview / Comments

Great 1 acre level lot at the corner of Airport Road and Pinehurst Avenue. It is located less than a mile to the main airport terminal and is about 1,500 feet away from the new West Star Avaiation terminal at the end of Pinehurst Avenue. The property is zoned commercial C-2 and is ready for redevelopment.

The Chattanooga City Council and particularly Councilperson Carol Berz is pushing hard for the new Airport District Plan. This plan will help make the Airport District a nice doorstep for Chattanooga. This small district is very active with property sales. In the last 3 years there has been 44 sale transactions within a short distance from the subject property. See map attached.

This property has a month to month tenant on the property so please do not disturb the tenant.

The airport district is on the highest growth side of Chattanooga. It is not far to the Enterprise South Industrial Park where Volkswagen and Amazon are located with 10,000 employees in the Park. The Hamilton Place Mall retail district is close and the East Brainerd Rd housing area.

Adjacent to this property is five acres of vacant land. This parcel would be a great addition to that parcel if bought or developed. It would provide access to the corner.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County/ Chattanooga City
Tax ID/APN: 148P D 005
Zoning: C2
Property Located Between: Pinehurst Ave and Airport Road
Property Visibility: Excellent
Largest Nearby Street: Brainerd Rd
Feet of Frontage: 200
Traffic/Vehicle Count: 5,511
Highway Access: Hwy 153 via Lee Hwy I-75 via 153
Airports: Chattanooga Metropolitan
Site Description: The site is level and at street grade.
Area Description: High growth and change district
Lot Frontage: 200
Lot Depth: 218
Zoning Description: Commercial C2
Development Name: Vacant Land
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,171 55,803 146,834
Median Age: 33.51 39.51 38.74
Households: 2,458 25,208 61,102

Contact

Photograph of Listing Agent

Robert Fisher

KW Commercial Greater Chattanooga REALTORS® Member
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Greater Chattanooga REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.