Comm Development Opportunity on Signal Mtn

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30211975
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage
Status: Pending/Contingent
Gross Land Area: 0.75 Acres
Sale Price: $100,000
Unit Price: $133,333 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/6/2018

Overview / Comments

This development site is located adjacent to the Signal Mtn Post Office on the right hand (North) side. On the other side of the parcel, there are 3 duplexes that front Cauthen Way. The property would require a rezoning in order to develop a commercial or multifamily development. Currently, there is a small dilapidated house on the property.

Given the commercial use to the left (south side) and multifamily use the right (North) and closeness to the shopping centers and other commercial users, I think there is a good chance of winning the rezoning case. In addition, the residential house in the rear which fronts James Blvd is 300-400 feet away.

The buyer would also need to investigate whether the property could be connected to the sewer system. A septic system Is currently on site.
The brochure contains the zoning maps.

The site would be an excellent location for many uses, such as an office building for medical or general office, restaurant, retail or multifamily to name a few.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County, Signal Mountain
Tax ID/APN: 108A D 034
Zoning: LDR
Property Located Between: Cauthen Way and Ridgeway Ave
Property Visibility: Excellent
Largest Nearby Street: Ridgeway Ave which is Taft Hwy
Feet of Frontage: 75
Traffic/Vehicle Count: 10,000
Highway Access: The properrty fronts Ridgeway Ave/Taft Hwy with 75 feet of frontage.
Airports: Chattanooga Metropolitan
Site Description: The site is at street grade with a small slope up for the first 150 feet and then slopes more for the back 150 feet. The property is approximately 75 wide and 331 feet deep.
Area Description: The location is right at the commercial node where the post office, shopping centers, grocery store and convenience stores are located.
Lot Frontage: 75
Lot Depth: 331
Zoning Description: Low Density Residential. Adjacent to Moderate Density Residential
Development Name: none
Topography: Level
Available Utilities: Electric, Water, Gas, Broadband, Internet Access, Other
Water Service: Municipal
Sewer Type: Septic

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,991 28,499 63,776
Median Age: 40.45 41.07 40.13
Households: 2,137 12,273 27,833

Contact

Photograph of Listing Agent

Robert Fisher

KW Commercial Greater Chattanooga REALTORS® Member
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