Commercial Dev Site, 1 AC, Cleveland TN
Vacant Land
for Sale
| Catylist Listing ID: |
30008665 |
| Property Subtypes: |
Hospitality, Industrial, Office, Retail, Retail-Pad
|
| Gross Land Area: |
1 Acre
|
| Sale Price: |
$700,000 Per Acre |
| Total Price: |
$700,000 |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
10/15/2020 |
Overview / Comments
|
This Listing is for an approximate One Acre Lot (shown as "Lot B" here), subdivided from the whole and delivered with completed Street Frontage and Utility connections at the Street. The proposed Lot dimensions are approx. 200 x 200 and is cleared / leveled to within easily manageable grades for final construction. Access and Utilities come by public ROW on newly installed "Commerce Blvd". This Listing presents one of the possible land-split opportunities for development at this 30 +/- Acre Site. Other land subdivision options (from one acre, five acres and up to the whole) are also available. Adjacent uses include Multi-Plex Movie Theater, Automobile Dealership and Travel Center. The Site is located on the South West Quadrant of the I-75 at Exit 20 Interchange (Pleasant Grove Rd / US HWY 74). Exit 20 is the Southern Terminus of the Cleveland By-Pass (“APD 40”), a four lane divided highway. Exit 20 is the ‘hinge-pin’ for traffic to and from major manufacturing / distribution in the area including existing operations in Bradley Co (Wacker Chemie, Amazon Fulfillment, M&M Mars, Duracell, Whirlpool), those in Chattanooga (Volkswagen, Volkswagen vendors, McKee Bakery, Alstom, Astec Industries, US Express) and those incoming to the new Bradley County / Cleveland Industrial Park (located at the South East Quadrant of Exit 20). City and County officials have identified the Exit 20 area as High Growth…up to 61% growth in 15 years. Exit 20 is also the gateway to the annual $90M Tourist traffic to the Ocoee River / Cherokee National Forest area. The Exit 20 Interchange is recently renovated and completed with design capacity up to 120,000 vehicles per day on I-75. One mile to the East on APD 40, the Stone Lake Interchange is being installed to serve the forthcoming Industrial Park. Area uses include a 12-Screen Movie Plex (UEC), Automobile Dealerships (NISSAN, TOYOTA, HONDA), Travel Center (PILOT), and Retail Sales. The 30 +/- acre Site is served by a newly installed ROW “Commerce Blvd” with utilities and storm water prepared for future approvals. Frontage on I-75 is approx. 1,800 feet and provides unimpeded frontage views to interstate traffic.
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Additional Details
| Nearest MSA: |
Cleveland |
| County: |
Bradley |
| Taxing Authority: |
City of Cleveland, Bradley County TN |
| Tax ID/APN: |
out of 056 043.00 |
| Zoning: |
INTERCHANGE COMMERCIAL |
| Property Located Between: |
Volkswagen (Exit 9) and Wacker Chemie (Exit 33). |
| Property Visibility: |
Excellent |
| Legal Description: |
Part of Bradley County TAX Parcel 056 043.00. Final description to be determined. |
| Largest Nearby Street: |
I-75 |
| Feet of Frontage: |
200 |
| Highway Access: |
US HWY 74 and I-75 at TN Exit 20. |
| Airports: |
Chattanooga Municipal. Cleveland TN |
| Site Description: |
Approx One Acre Lot with 180 ft of frontage on Commerce Blvd (to be extended). Lot Depth approx. 240 ft. Level. Cleared. Utilities available at Street. Excellent Visibility to I-75. |
| Lot Frontage: |
200 +/- |
| Lot Depth: |
200 +/- |
| Zoning Description: |
Interchange Commercial |
| Topography: |
Level |
| Easements: |
Utilities |
| Easements Description: |
Utilities at Street. |
| Available Utilities: |
Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
8,346 |
42,916 |
| Median Age: |
40.72 |
37.64 |
| Households: |
3,310 |
16,511 |
|
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