Development Land on East Brainerd Road
|Catylist Listing ID:
Agricultural, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Other
|Gross Land Area:
||$24,298 Per Acre
||Cash to Seller
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 rezone for other uses.
Curren owners placed about 100,000-125,000 CY's of material on the property. The bulk of the material was good soil. Less than 3% was asphalt and concrete fragments along with some base stone and occasional organics encountered. The material was placed in lifts and rollers ran on it.
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.
Attachments & Media
||City of Chattanooga, Hamilton County
||159M E 039, 159M E 040.02
||R-5, R-2A, A-1
||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:
||Chattanooga Metropolitan Airport
||High Growth Area
||R-5, R-2A, A-1. Please see agent.
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