7.6 acres in Cleveland City Limits off Blue Springs Rd

Vacant Land for Sale
Catylist Listing ID: 30153213
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 7.60 Acres
Sale Price: $57,000
Unit Price: $7,500 Per Acre
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 2/17/2019

Overview / Comments

Within City Limits 7.6 acres zoned R1 but was once zoned differently for multi-family units. This acreage CAN be SUBDIVIDED. WILL ALLOW FOR DOUBLE WIDE WITH PERM FOUNDATION Easy access to APD 40 and 3 minutes from Downtown Cleveland. Property has City water and sewer. The property is currently wooded with gentle slope up. Would make good garage multifamily units. Owner will finance with $5000 down and 6% interest for 5 years. There is a water (Cleveland Utilities) utility easement on the south end of property and along Eldridge Ln. SW to accommodate a 20" water line (incoming) to water tank up higher on Eldridge Ln SW. This easement is approx 10' off the front left quadrant of property. Property access is from city-maintained Eldridge Lane SW off of Blue Springs Road.

Additional Details

Nearest MSA: Cleveland
County: Bradley
Taxing Authority: Cleveland, TN/Bradley County
Tax ID/APN: 065B C 002.05
Zoning: R1 (WAS ONCE ZONED MULTI-FAMILITY)
Property Located Between: APD 40/Highway 64 and SW Old Chattanooga Pike
Property Visibility: Fair
Legal Description: 7.6 acres 00 Blue Springs Rd SW, Cleveland, Bradley County, TN 37311; Tax ID 065B C 002.05; Deed Book 2076, Page 961.
Largest Nearby Street: Blue Springs Road
Feet of Frontage: 214
Traffic/Vehicle Count: 2,500
Highway Access: APD 40 is a ByPass around Cleveland and it is 1/4 mile from site. I-75 is approx 3.5 miles away.
Airports: Cleveland Jetport that accommodates large jets is 15 minutes away.
Site Description: 7.6 acres accessable only by Eldridge Lane SW although the address of site is 00 Blue Springs Rd SW. There is a rough road that can be driven on with 4 wheel drive vehicle up to middle of site from Eldridge Ln. SW
Area Description: Immediate area is residential and multi-family currently. Adjacent on Blue Springs Rd is commercial.
Lot Frontage: 724'
Lot Depth: 336'- 380'
Zoning Description: Cleveland City Zoning currently has site zoned R1. Was once zoned multi-family but owner had it changed for tax purposes. Can be changed back to R2-3.
Topography: Gently Sloping
Easements: Utilities
Easements Description: (Cleveland Utilities) water utility easement on the south end of property and along Eldridge Lane SW to accommodate a 20" water line (incoming) to water tank up higher on Eldridge Ln. This easement is approx 10' off the front left quadrant of property.
Soil Type: Mixed
Available Utilities: Electric, Water, Sewer, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,231 29,394 57,997
Median Age: 34.47 33.77 36.59
Households: 2,247 11,194 22,399

Contact

Photograph of Listing Agent

Kimberly Ledford

RE/MAX R. E. Professionals Greater Chattanooga REALTORS® Member
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