17 Acres Residential Development Property

Undisclosed Address, Chattanooga, TN 37421
Vacant Land for Sale
Catylist Listing ID: 30367494
Property Subtypes: Residential (Single Family)
Gross Land Area: 17 Acres
Sale Price: $195,000
Unit Price: $11,470 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/23/2019

Overview / Comments

Priced by recent appraisal for fair market value. Property adjoins City Owned Golf Course which fronts on Hickory Valley Road. Site is rolling acreage with good frontage on Standifer Gap Road near where bridge is being rebuilt on Standifer Gap Road. Also has 50 foot access directly off David Lane which opens to Shallowford Road. A small creek borders the lowest part of property. Irregular shaped parcel. Features many good building opportunities including small mini farm or private estate located in middle of convenience with some view in beautiful secluded location in the center of convenience and only 5 minutes to airport, shopping, medical facilities, etc. Possibly ideal for some small townhomes with garage. Property is mostly wooded and a small amount in flood plain. Nevertheless, a fantastic buy at $195,000. No street address.

Additional Details

Taxing Authority: Hamilton County
Tax ID/APN: 138K J 011
Zoning: R-1
Property Located Between: Hickory Valley Road/Standifer Gap Road/David Lane, and Shallowford Road
Property Visibility: Fair
Legal Description: NE 1/4 Sec. 4 TWP 2 R 3 NW 1/4 Sec Twp 2 R 3, Tax Parcel 138K J 011, Hamilton County TN
Largest Nearby Street: Shallowford Road
Highway Access: Direct access off Standifer Gap and David Lane. Bridge on Standifer Gap is out for repairs just past the property.
Airports: 5 - 10 min.
Site Description: See Photos. Would possibly be ideal for large apartment Complex or small subdivision for small single family homes, or small townhomes with garages. (all subject to Planning Commission approval
Area Description: The area surrounding the property is ideal for higher priced properties and single family properties. It is in a cove like setting with lots of views available, near a large church complex, adjoining a nice townhome development, a beautiful estate property subdivision across the road, and a small City Owned Golf Course.
Lot Frontage: approximately 300 feet along Standifer Gap Road in very quiet and serene setting.
Lot Depth: Irregular
Zoning Description: R-1 at present
In Flood Plain?: Yes
Topography: Rolling
Easements: Electric Lines
Easements Description: Major power line runs thru a part of property that is in flood plain but does not mar the view.
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Contact

Photograph of Listing Agent

Peggy L Pryor

Coldwell Banker Pryor Realty Greater Chattanooga REALTORS® Member
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