Vacant Land Opportunity on Middle Valley Rd.

Vacant Land for Sale
Catylist Listing ID: 30715801
Property Subtypes: Residential (Single Family), Other
Gross Land Area: 14 Acres
Sale Price: $160,000
Unit Price: $11,428 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/21/2021

Overview / Comments

Approximately 14 acres of vacant land located on Middle Valley Rd. at the intersection of Boy Scout Rd. & Middle Valley Rd., and is the main thoroughfare leading to Hwy. 153 to the commercial corridor of Hixson. The Property is surrounded with residential users, convenience stores, small food options and discount retailers. The property provides great visibility and strong traffic counts, over 13,000 VPD.

Currenty floodway allows for only 3 developable acres.

Property is subject to use restrictions, listed below:

The Property shall not be used for any of the following: (a) for the sale of any food or food products, dairy products, coffee or coffee based products, and soft drinks, except as may be sold through vending machines or as may be sold by a sit-down restaurant or bar, (b) as a convenience store, (c) for retail sale of gasoline or motor fuels, (d) for retail sale of electronic cigarettes, cigarettes, and tobacco products, (e) for the retail sale of beer and wine for off-premises consumption, (f) for the sale of food, drinks and/or snacks utilizing a mobile or “food truck” type use, including, without limitation, a moveable trailer, van or truck, (g) for the sale of lottery tickets, (h) as a self-service or full-service car wash, (i) for the operation of a national discount variety, including but not limited to, Dollar General, Dollar Tree, 99 Cents Only or Family Dollar and (j) for any use ancillary (including, but not limited to, a parking lot, stormwater drainage retention pond or other stormwater purposes) to a business engaged in the restricted activities referred to in subclauses (a) through (i) above. As used herein, the phrase "sale of gasoline or motor fuels" shall include the sale or lease of any other energy source for motor vehicles as may hereafter be used in conjunction with or as an alternative to gasoline.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 091 057
Zoning: R-1
Property Located Between: E. Boy Scout Road & Courtland Dr.
Property Visibility: Excellent
Largest Nearby Street: Middle Valley Rd.
Feet of Frontage: 1,340
Traffic/Vehicle Count: 13,151
Highway Access: Easily accessible from Middle Valley Rd. or Boy Scout Rd. and is minutes away from the medical, office and retail corridor of Hixson Pike
Site Description: Approximately 14 acres with 3 usable acres, remaining property is located in floodway.
Area Description: The property is located at the intersection of Middle Valley Rd. & Boy Scout R.d
Lot Frontage: 1340
Lot Depth: N/A
Zoning Description: R-1
In Flood Plain?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,928 33,575 73,100
Median Age: 44.23 41.92 41.76
Households: 3,121 13,360 30,103

Contact

Photograph of Listing Agent

Arnold E Farmer

Pointe Commercial Real Estate Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Russell P Elliott

Pointe Commercial Real Estate Greater Chattanooga REALTORS® Member
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