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.
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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 |
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 |
|
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