3301 Broad Street

Vacant Land for Sale
Catylist Listing ID: 30573559
Property Subtypes: Office, Retail, Retail-Pad, Other
Gross Land Area: 1.58 Acres
Sale Price: $1,600,000
Unit Price: $1,012,658 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/26/2020

Overview / Comments

• Adjacent to Foundry Station- Chattanooga's planned gateway mixed use project
• 1 block from The River Walk Terminus at St. Elmo- runs from Downtown to Lookout Mountain
• Signalized intersection
• TDOT is planning new ramps off of 1-24 that will serve the Broad Street/St. Elmo markets
• 250' of frontage on South Broad and 265' depth on 33rd street
• New large residential development on St. Elmo within walking distance

The property consists of three tax parcels totaling 1.581 acres located at the south west corner of Broad Street and 33rd Street. Great development opportunity with 250' of frontage. The property fronts South Broad Street, St. Elmo Avenue, and 33rd street. The terminus of the new Tennessee River Walk Extension is at the back of the property and will provide good foot-traffic for retail businesses, especially restaurants. The traffic count is 22,822 vehicles per day. This parcel is considered the last of two strategic corners to be developed on Broad St. There are 16 acres across the street that was recently purchased by a local developer who is planning a large mixed use development.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033155G B 00700
Zoning: UGC

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,464 46,781 116,881
Median Age: 35.06 33.73 36.31
Households: 1,038 17,871 47,521

Contact

Photograph of Listing Agent

Robert Maclellan

NAI Charter Real Estate Corp. Greater Chattanooga REALTORS® Member
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