8001 Old Lee Hwy _ Assembled Portfolio at Exit 9 on I-75

Vacant Land for Sale
Catylist Listing ID: 30760760
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 2.16 - 9.22 Acres
Sale Price: $600,000 - 3,200,000
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/16/2022

Overview / Comments

Site Offering:
We are pleased to offer this centrally located 9.22 acre Site with Multiple building Sites off Interstate 75 at Exit 9. This Site is located on the North-East portion of Hamilton County less than 2 miles from the Enterprise South Industrial Park which is home to some of the largest Employers in Hamilton County. Enterprise South is also home to 2,800 acres of Nine (9) Hiking and Bike trails as well as 2 Horse Back riding trails.

Executive Summary:
The property is a high-visibility location in Chattanooga’s growing Ooltewah, East Brainerd area. The site is strategically located on Old Lee Hwy with nearest major Cross-Street at Apison Pike which discharges into Interstate 75 ( I-75 ) approximately One(1) mile from SITE. The Site along Old Lee Hwy has access to close to 20,000 VPD, with 19,387 on Apison Pike 0.82 miles from Site and 70,335 VPD on I-75 which is visible from Site and 0.37 miles from this Development Site on Old Lee Hwy. Within a two-mile radius of the site there is 11,663 Population with a 2.8% annual Growth rate at a five-mile Radius there is 82,451 and within ten-miles there are 248,346 residents.

Centrally located in Chattanooga, the property is Near several large employers, shopping malls and hospitals and community amenities including vast outdoor activities available. The site is o.2,6 miles from Volkswagen of Chattanooga, 3.5 miles from Amazon Fulfillment center, 0.25 miles from Fed-Ex fulfillment center, 4.2 miles from Hamilton Place Mall, 7.6 miles to Chattanooga Metropolitan Airport and 8 miles from Erlanger East Hospital, a full-service community hospital and part of the Erlanger Health System, the top employer in Chattanooga. Located near Chattanooga’s primary retail area at Exit 5 on I-75 which is host to Hamilton Place Mall along with a powerful combination surrounding Hamilton Place mall with national and regional retailers including, Walmart Supercenter, Hobby Lobby, Lowe’s, Best Buy, Dillard’s, DICK’s Sporting Goods, Marshalls, Bed Bath & Beyond, Target, and many more.

Investment Highlights:
• High-visibility parcel location in Eastern portion of Hamilton County Chattanooga in the growing Ooltewah, Collegedale and East Brainerd Area of Chattanooga.
• 248,346 residents live within a ten-mile radius of the site providing a large customer base for the location.
• Five (5) sites on Assembled portfolio in the process of being made PAD ready for development
• Located with superb visibility to Interstate 75 at Exit 9 (70,335 VPD)
• Average household income of $85,320 within a two-mile radius of the site

 At Exit 9 on I-75
 Growing area Near Enterprise South Park
 Development Opportunity

 Possible Uses:
 Restaurant Site
 Mixed Use Retail
 Doctors Office / Clinic
 Multi-Level High Cube Self-Storage

 4.7 miles | Hamilton Place at Exit 5 on I-75
 7.6 miles | Chattanooga Metropolitan Airport
 3.5 miles | Amazon Fulfillment Center
 2.6 miles | Volkswagen Chattanooga
 6.8 miles | Tennessee Valley Railroad Museum
 16 miles | Downtown Chattanooga

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton
Zoning: C-2
Property Located Between: I-75 & Bonny Oaks
Property Visibility: Excellent
Largest Nearby Street: Interstate 75 | ( I-75 )
Feet of Frontage: 340
Traffic/Vehicle Count: 70,335
Highway Access: 0.37 miles from development
Airports: Chattanooga Metropolitan Airport
Site Description: Development Opportunity - PAD READY
Area Description: Fastest Growing Area in MSA
Lot Frontage: 340
Lot Depth: 590
Zoning Description: C-2
Development Name: Exit 9 @ I-75 | PAD READY SITES
Topography: Level
Easements: Electric Lines, Ingress/Egress, Water Rights, Utilities
Easements Description: Non-Exclusive Central Ingress/Egress to Development
Soil Type: Mixed
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: 1,754 28,129 86,737
Median Age: 38.8 38.66 39.77
Households: 656 10,144 34,059

Contact

Photograph of Listing Agent

Travis L Hulsey

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

Geoffrey S Ramsey

Real Estate Partners Chatt LLC Greater Chattanooga REALTORS® Member
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