Land Near Downtown

Vacant Land for Sale
Catylist Listing ID: 30200310
Property Subtypes: Multi-Family, Residential (Single Family), Retail
Gross Land Area: 0.97 Acres
Sale Price: $55,000
Unit Price: $56,701 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/3/2018

Overview / Comments

This property is centrally located in Chattanooga, TN with easy access to downtown. There are many possible purposes for this almost 1-acre lot. There is space to develop 5 homes, or due to the proximity of nearby M-1 zoning, it can be re-zoned to use for more warehousing. Dodds Ave is rapidly growing in popularity and space on this street is selling quickly, make an offer while you can.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 156O K 022
Zoning: R-1
Property Located Between: Dodds Ave and 26th St
Property Visibility: Excellent
Legal Description: Lt 3 Montagues Addn Pb8 Pg28 Rev 82 -121
Largest Nearby Street: Dodds Ave
Feet of Frontage: 269
Traffic/Vehicle Count: 11,500
Highway Access: Accessible to I-24 and Hwy 27
Airports: 6.7 miles to Chattanooga Metro Airport
Site Description: Dodds Ave is gaining popularity quickly, with large projects being developed space will be limited soon. This property is sure to be bought to continue the expansion of development.
Area Description: This property is located on the rapidly growing Dodds Ave near downtown Chattanooga. With easy access to I-24 and Hwy 27 it is an ideal location for almost any development.
Lot Frontage: 269
Lot Depth: 165
Zoning Description: This busy Dodds Ave location is currently zoned R-1, but is surrounded by M-1 on three sides. The owner has spoken with the zoning board and they are confident there will be no issues for re-zoning. Featuring almost 1 acre, this property has great potential. The land is rocky so once it is leveled and a retaining wall is installed it can suite multiple uses including warehousing, retail, or multifamily.
Topography: Steep
Easements Description: n/a
Soil Type: Rock
Available Utilities: Electric, Water, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,995 82,883 147,501
Median Age: 30.39 35.81 36.89
Households: 3,985 33,063 60,841

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