2.05 Acres of Prime Commercial Retail Land on Bonny Oaks & I-75

Vacant Land for Sale
Catylist Listing ID: 30472844
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 2.05 Acres
Sale Price: $975,000
Unit Price: $475,609 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2019

Overview / Comments

This property will require rezoning to be used as commercial or retail land. The land is flat with 331 feet of Bonny Oaks frontage and 269 feet of depth. The property is across from Silverdale Baptist Academy School and just down from the new Wendy's restaurant and 0.4 miles from exit 7 at I-75. I-75 carries an average of 79,986 vehicles per day. Bonny Oaks carries over 17,000 cars per day. This traffic, employment and residential density is under served by commercial and retail users. Home owners and employees must travel to Exit 5 or 11 to get restaurant meals and grocery shop or shop otherwise.

The property is 2.1 miles from the Bonny Oaks entrance into Enterprise South Industrial Park VW and Amazon are located with some 10,000 employees in the park total. The Tennessee Department of Transportation (TDOT) is planning on expanding Bonny Oaks to 5-lanes from I-75 to Hwy 153. This work is schedules for 2021.

In addition,the property adjacent and to the south is for sale by another agent. It is 7.2 acres so that in all 9.2 acres is possible at this location.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County/ Chattanooga City
Tax ID/APN: 139G A 00801
Zoning: R-1
Property Located Between: Silverdale Rd and Old Cleveland Pike
Property Visibility: Excellent
Largest Nearby Street: Bonny Oaks Dr
Feet of Frontage: 311
Traffic/Vehicle Count: 17,082
Highway Access: I-75 via Bonny Oaks Drive
Airports: Chattanooga Metropolitan
Site Description: The site is level and at street grade. The property is about 0.4 miles form the I-75 and Bonny Oaks exit.
Area Description: Exits 5, 7, 9 and 11 are the residential, industrial and business growth areas of Hamilton County. Bonny Oaks is at Exit 7.
Lot Frontage: 311
Lot Depth: 269
Zoning Description: Residential- Single Family. Will require rezoning.
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,494 41,580 106,851
Median Age: 37.78 40.21 40.05
Households: 1,992 16,759 43,218

Contact

Photograph of Listing Agent

Robert Fisher

KW Commercial Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Riley Kurtts

KW Commercial Greater Chattanooga REALTORS® Member
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