Ooltewah TN Development Acreage

Vacant Land for Sale
Catylist Listing ID: 30180157
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Retail, Other
Gross Land Area: 18 Acres
Sale Price: $8,640,000
Unit Price: $480,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/14/2018

Overview / Comments

Two parcels comprising 18+/- Acres in High Growth, High Traffic location along Interstate 75. Subdivided parcels from the whole are available under separate listing and pricing. Frontage on I-75 is approximately 1,550 linear feet; Frontage on side road Country Village Dr is approx. 700 linear feet. Site has been cleared, fine-graded and utilities are available at the ROW. Water Utility is by East Side Utilities 10” line. Electric Utility is by Electric Power Board of Chatt (EPB). Data connectivity by EPB (fiber optic 1000 Mb/sec (“1 GIG”). Sewer Utility to be an 8” line deliverable by Seller. Highly visible site is approximately 1 mile from either Exit 9 (Volkswagen) or Exit 11 (Ooltewah). These Exits serve the high growth areas of Hamilton County including Ooltweah, Apison and Collegedale. Close proximity to Enterprise South Industrial Park, Volkswagen and Hamilton Place Mall (TN’s largest). Traffic Counts at 70,000+ on I-75 frontage. Current Zoning is mixed M-1 (industrial) approximately 12 acres and R-1 (residential) approximately 5 acres. M-1 Zoning allows for a wide variety of uses and applications.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chatt, Hamilton Co
Tax ID/APN: 131 044 and 131 099.04
Zoning: M-1 / R-1
Property Located Between: Exit 9 (Volkswagen) and Exit 11 (Ooltewah)
Property Visibility: Excellent
Legal Description: Two Lots: Pt Sec 18 Twp 4 R-2 3166 02 0188 (TAX ID # 131 044) and Ooltewah Harrison Rd Out of 131-99 for 2007 (TAX ID # 131 099.04)
Largest Nearby Street: I-75
Feet of Frontage: 1,500
Highway Access: I-75 at Exit 11 (Ooltewah, TN).
Airports: Chattanooga Municipal
Site Description: level, cleared, fine-graded. High Visibility from I-75.
Area Description: Located in High Growth area of east Hamilton Co, TN. Adjacent Uses include Heavy Manufacturing (Miller Industries - Tow Truck Mfg), Vacant Land, Single Family Residential and Interstate ROW.
Lot Frontage: 1500
Lot Depth: 1500
Zoning Description: Mixed Zone - M-1 (industrial) - 12+/- acres with I075 Frontage R-1 (residential) - 5 acres, at rear
Topography: Level
Easements: Utilities
Easements Description: Billboard Lease
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,643 24,660 68,508
Median Age: 38.33 40.23 40
Households: 1,319 8,834 26,143

Contact

Photograph of Listing Agent

John Mitchum

Re/Max Renaissance Realtors Greater Chattanooga REALTORS® Member
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