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: 11/2/2021

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

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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


Photograph of Listing Agent

Shawn Matthews

Coldwell Banker Kinard Realty Greater Chattanooga REALTORS® Member
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