Development Opportunity Near Hamilton Place Mall

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 1825978
Property Subtypes: Multi-Family, Office, Other
Status: Pending/Contingent
Gross Land Area: 2 Acres
Sale Price: $377,790
Unit Price: $188,895 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/6/2018

Overview / Comments

Great East Brainerd location and just minutes from the new VW plant site! Property is zoned R-1 with commercial or multi-family potential. Must sell with adjoining 7 acres on Murray Lane - listing #1825983.

Adjoining 5.4 acres of property with frontage onto Shallowford Road is also available. Please contact agent for more information.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: PB37 PG 211
Zoning: R-1
Market Type: Medium
Road Type: Paved
Property Visibility: Excellent
Legal Description: Lt 4 Murray Lane Estate
Largest Nearby Street: Shallowford Rd.
Transportation: Bus, Highway, Airport, Taxi
Highway Access: I-75, I-24, Hwy. 153
Airports: Chattanooga
Site Description: Shallowford Rd. past new apartment complex, right on Murray Lane
Area Description: Near Hamilton Place Mall, Wal-Mart, Target and other big retail stores. Surrounded by general retail and office complexes.
Lot Frontage: 110
Lot Depth: 684
Zoning Description: R-1 (residential). Could be rezoned to multi-family or commercial.
Topography: Level
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Cable

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,199 52,519 103,150
Median Age: 41.3 40.43 39.56
Households: 2,792 21,625 41,567


Photograph of Listing Agent

Roland E Renegar

Crye-Leike Commercial Greater Chattanooga REALTORS® Member
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