Development Land on East Brainerd Road

Vacant Land for Sale
Catylist Listing ID: 30282618
Property Subtypes: Agricultural, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Other
Gross Land Area: 9.26 Acres
Sale Price: $250,000
Unit Price: $26,997 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/9/2019

Overview / Comments

9-acre land development opportunity located on highly sought after East Brainerd Road where roads widening to 4 lanes has just been complete. Property is in a prime location for development with lower county taxes. Site improvements of wood clearing, water retention pond, and dirt cut/fill have already been completed creating more usable space and roads. Property has great potential for a multifamily development or single family homes. Property currently has R-2, R-5, and A-1 zoning but should easily be rezoned for other uses.

Cell phone tower is on this property. Lease expires approx 2030. Previous owner took a lump sum payout. Revenue potential at a later point. Seller is not sure the agreement with the cellphone tower and is not putting any value on it as part of the sale. Buyer to do their own due diligence..

Sewer connections are currently available approx. 2,200' down EB Rd. by the old Bones BBQ restaurant location.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chattanooga, Hamilton County
Tax ID/APN: 159M E 039, 159M E 040.02
Zoning: R-5, R-2A, A-1
Property Visibility: Excellent
Legal Description: PT W 1/2 NW 1/4 SEC 17 TWP 1S R-2 East Brainerd Rd Out of 159M-E-40 F Or 2006
Feet of Frontage: 246
Traffic/Vehicle Count: 18,766
Airports: Chattanooga Metropolitan Airport
Area Description: High Growth Area
Lot Frontage: 246
Zoning Description: R-5, R-2A, A-1. Please see agent.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,466 44,623 83,987
Median Age: 42.08 40.14 39.24
Households: 2,648 16,991 33,053

Contact

Photograph of Listing Agent

Grace Frank

Real Estate Partners Chatt LLC Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Brian D Tucker

Real Estate Partners Chatt LLC Greater Chattanooga REALTORS® Member
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