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, Other
Gross Land Area: 9.26 Acres
Sale Price: $405,000
Unit Price: $43,736 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/5/2018

Overview / Comments

Nine acre land development opportunity located on highly sought after East Brainerd Road where road widening to 4 lanes is almost 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. 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.

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
Airports: Chattanooga Metropolitan Airport
Lot Frontage: 246
Zoning Description: R-5, R-2A, A-1. Please see agent.

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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