Highway 58
Vacant Land
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30479567 |
| Property Subtypes: |
Multi-Family
|
| Status: |
Pending/Contingent |
| Gross Land Area: |
20 Acres
|
| Sale Price: |
$1,180,000 |
| Unit Price: |
$59,000 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
7/1/2021 |
Overview / Comments
|
Property rezoned to R4. Site plan approved for 231 units and 1 commercial building. Plenty of open green space. Property consist of Multiple parcel ID numbers. 20 acres (+ or -) Approved for 6, 3 story buildings. Plus 4 town house buildings, 16 units and a 8000 sq ft building. Located near the Enterprise South Sub- Area. Capitalize on all the VW workers and additional potential tenants. The area is experiencing major developments. City water and sewer at site.
|
Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Taxing Authority: |
Hamilton |
| Tax ID/APN: |
033120K A 01300 |
| Zoning: |
R-4 |
| Property Located Between: |
153 N. on Hwy 58-Just before Champion Road on North side of 58. |
| Property Visibility: |
Good |
| Legal Description: |
Multiple Parcels |
| Largest Nearby Street: |
Champion |
| Feet of Frontage: |
232 |
| Highway Access: |
Directly located on Highway 58 |
| Airports: |
Chattanooga |
| Site Description: |
Gentle, rolling, partially cleared |
| Area Description: |
Highway 58 |
| Lot Frontage: |
232 |
| Lot Depth: |
1195 ft Irregular |
| Zoning Description: |
Property recently re-zoned to R4 |
| Topography: |
Gently Sloping |
| Easements: |
Utilities |
| Available Utilities: |
Electric, Water, Gas, Sewer, Cable, Internet Access |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,965 |
28,794 |
103,628 |
| Median Age: |
36.34 |
42.22 |
40.3 |
| Households: |
1,321 |
12,421 |
42,373 |
|
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