Central Avenue1.41 AC

Vacant Land for Sale
Catylist Listing ID: 30298027
Property Subtypes: Multi-Family
Gross Land Area: 1.41 Acres
Sale Price: $900,000
Unit Price: $638,297 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/13/2022

Overview / Comments

Within walking distance of UTC and Erlanger, a 1.41 acre parcels, 109' on Central Avenue. Outstanding use for apartments (student housing) or other commercial mixed multi-family uses.
Includes parcels 146A Q 030; 146A Q 031; 146A Q 033; 146A Q 035; 146A Q 037 & 146A Q 040.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga
Tax ID/APN: 146A Q 032
Zoning: R-3
Property Located Between: Central Ave & ONeal St.
Property Visibility: Excellent
Largest Nearby Street: Central Avenue
Feet of Frontage: 109
Traffic/Vehicle Count: 10,615
Highway Access: Central Ave to I-24 10 minutes
Airports: Chattanooga Lovell Field
Site Description: 109 feet on Central Avenue remaining parcels on the interior bordered by an unopened alley.
Area Description: Located within walking distance of the University of Tennessee at Chattanooga. Nearby Erlanger Health Systems main campus and the bustling Central Avenue corridor is ideal for R-3 apartments, student housing and such.
Lot Frontage: 109
Lot Depth: 300
Zoning Description: R-3 (High Density Residential with an approximate maximum density of 180 units per acre.
Topography: Gently Sloping
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal, Storm

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,659 69,132 136,374
Median Age: 27.52 34.5 36.79
Households: 3,087 28,026 56,871


Photograph of Listing Agent

Tad Bromfield

Sentinel Commercial Properties Greater Chattanooga REALTORS® Member
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