Highway 58
Vacant Land
for Sale
Sale Pending/Contingent
Catylist Listing ID: |
30479567 |
Property Subtypes: |
Multi-Family
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Status: |
Pending/Contingent |
Gross Land Area: |
20 Acres
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Sale Price: |
$1,180,000 |
Unit Price: |
$59,000 Per Acre |
Sale Terms: |
Cash to Seller |
Cap Rate: |
Undisclosed |
Last Updated: |
1/13/2021 |
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.
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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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