Newly Rezoned Commercial C-5 Igou Gap

Vacant Land for Sale
Catylist Listing ID: 30205209
Property Subtypes: Retail, Other
Gross Land Area: 1 Acre
Sale Price: $900,000
Unit Price: $900,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/27/2018

Overview / Comments

Newly rezoned investment property, walking distance to Gunbarrel Road!! Now zoned C-5 NEIGHBORHOOD COMMERCIAL ZONE.
It is the intent of the C-5 Neighborhood Commercial Zone to promote, protect, and sustain the vitality of a neighborhood by allowing the development and maintenance of small commercial and service enterprises which are both compatible with and complementary to residential properties within the immediate vicinity. Furthermore, it is the intent of the section that all businesses located within a C-5 Neighborhood Commercial Zone shall be for retail sales, services, or otherwise of such nature as to be a benefit or convenience to a majority of neighborhood residents.
Please see attachments from City of Chattanooga for uses and restriction for this parcel.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 159A A 009
Property Located Between: Gunbarrel Road and Jenkins Road
Property Visibility: Good
Legal Description: Pt Sw 1/4 Sec 11 Twp 2S R-3
Largest Nearby Street: Gunbarrel Road
Highway Access: Easy access to I75 and HWY 153
Airports: Chattanooga Metropolitan Airport
Site Description: Conveniently located in the heart of, The East Brainerd shopping and dining district. Previously a one owner residence, (which will need to be removed or demolished); the property was purchased by an investor in 2016 and, taken through the rezoning processes. Lot is 141' x 309' per tax records and is currently zoned C-5.
Area Description: Well developed shopping and dining area, walking distance to residential, Target, and Star Bucks Coffee.
Lot Frontage: 141 Feet
Lot Depth: 309 Feet
Zoning Description: C-5 Neighborhood Commercial Zone Please see attachments.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,999 52,229 117,415
Median Age: 42.71 40.46 39.46
Households: 2,905 21,736 47,774


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