Development Opportunity 63 Acres, Hixson, Tn

Vacant Land for Sale
Catylist Listing ID: 30398957
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 63 Acres
Sale Price: $800,000
Unit Price: $12,698 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/15/2019

Overview / Comments

Large development opportunity in the heart of Hixson Tn. 63 beautiful and unique acres located approximately 3 miles from hwy 153. This site is surrounded by upscale residential uses. This property will make a great multifamily, condo/townhome, or retirement center location. In 2007, The Preserves at Hidden Springs was scheduled to be developed here but canceled at the last moment. The development was designed to be a PUD with 186 units in the $250,000 to $500,000 price range. See attached plans below.

Nearby land parcels available: Hixson Pike, 4.5 acres and 6583 & 6587, 26 acres with possible site plan uses. All parcels are highlighted on map in brochure.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 092 161.02
Zoning: R-1
Property Located Between: Hidden Harbor and Bay Point Drive
Property Visibility: Excellent
Largest Nearby Street: Hixson Pike
Traffic/Vehicle Count: 3,126
Highway Access: Hwy 153 via Hixson Pike
Airports: Chattanooga Metropolitan
Site Description: Light wooded, gradual sloping toward the 1-acre quarry in the center of the property.
Area Description: This site is surrounded by residential uses. Close to Chickamagua Lake.
Zoning Description: R-1 (low density residential, with a minimum 7,500 square foot lot size on sewers and intended for single-family dwellings)
Available Utilities: Electric, Water, Gas, Cable, Internet Access
Water Service: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,154 27,969 77,592
Median Age: 49.52 43.11 41.46
Households: 1,638 11,506 32,099

Contact

Photograph of Listing Agent

Robert Fisher

KW Commercial Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Tyler Rogers

KW Commercial Greater Chattanooga REALTORS® Member
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