Catylist ID:
#30464048
| 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. |
Attachments & Media
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 |
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 |
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