3.44 Acres Hamilton Place Mall, Multi Family Land

Vacant Land for Sale
Catylist Listing ID: 30480952
Property Subtypes: Multi-Family, Office
Gross Land Area: 3.44 Acres
Sale Price: $619,900
Unit Price: $180,203 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/13/2020

Overview / Comments

Excellent location for upscale multi-family townhome or apartment development also zoned for medical or other professional offices. This property offers a prime location next door to the new East Brainerd Elementary School and features newly installed wide sidewalks and Roundabouts. Walking distance to school and shopping on Gunbarrel Road. Easy access to Gunbarrel shopping, 1-75/153, employment, schools, churches, medical and new Erlanger East hospital, nearby outdoor recreation including Heritage Park. This level site has an 850 +/- foot of frontage on Goodwin Road, Surrounding land use are residential (single and multi-family), offices, school and commercial/retail. TVA easement on property, development includes 1.25 acres buildable area and additional area for parking. Property to be sold in as is/where is condition.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chatt, Hamilton Co
Tax ID/APN: 159A B 021.01 and 159A B 021
Zoning: R4
Property Located Between: Hamilton Place and E Brainerd Elementary
Property Visibility: Excellent
Legal Description: Fut Dev Igou Gardens Pb58 Pg93
Largest Nearby Street: Gunbarrel Rd
Feet of Frontage: 850
Highway Access: I-75 at Shallowford Rd - 1.4 Miles. I-75 at E Brainerd Rd - 2 Miles.
Airports: Chattanooga Municipal
Site Description: Level. Partially Cleared. R4 Zone. Corner Lot. Improved with multi-use pathway. Some portion of the property at Western Boundary may contain hydric soils.
Area Description: This area is a Regional Commercial District with Tennessee's Largest Mall (Hamilton Place), Medical Services, Restaurants, Schools, Churches and Employment. Residential Uses (Single Family - Igou Gardens; Multifamily - The District at Hamilton Place 300 units). Office Uses: Cigna. Business/Commercial: Hamilton Skate Place, Starbucks, Rone Regency Jewelers, Verizon.
Lot Frontage: 850
Lot Depth: 260
Zoning Description: R4 Special Residential Zone
Topography: Level
Easements: Electric Lines, Utilities, Other
Easements Description: TVA - 150 ft Power Line Easement. Sewer - 20' Easement abuts property along South and South West Boundary Communication - 10 ft at South Corner
Available Utilities: Electric, Water, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,060 51,187 110,323
Median Age: 40.29 40.45 39.51
Households: 3,156 21,381 44,721


Photograph of Listing Agent

Mike Robertson

Nu Vision Realty Greater Chattanooga REALTORS® Member
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