Development Opportunity Near Chattanooga Airport

Vacant Land for Sale
Catylist Listing ID: 30394675
Property Subtypes: Multi-Family, Residential (Single Family), Other
Gross Land Area: 5.74 Acres
Sale Price: $499,000
Unit Price: $86,933 Per Acre
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 3/15/2019

Overview / Comments

Incredible development opportunity in a growing area of Chattanooga. This 5.74 acre wooded parcel is within 10 minutes of Volkswagen, Amazon, Hamilton Place, and the Chattanooga Airport. Zoned R-3 with a small section zoned C-2, this property allows for diverse development opportunities including single-family residential, multi-family, and commercial. The current owners have developed a site plan with a total of 12 multi-family buildings - 9 buildings with 6 units and 3 buildings with 4 units. These plans can be transferred to new owner or the new owner can implement their own development ideas. Call today for your private showing!

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 148J A 003
Zoning: R-3, C-2 & R-1
Legal Description: Future Airport Dev/153 Business Par K Pb52 Pg73
Largest Nearby Street: Lee Hwy
Airports: Chattanooga

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,917 55,625 136,119
Median Age: 34.57 39.48 39.39
Households: 2,778 24,942 56,898

Contact

Photograph of Listing Agent

Grace Frank

Real Estate Partners Chatt LLC Greater Chattanooga REALTORS® Member
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