E Brainerd Development Acreage

Vacant Land for Sale
Catylist Listing ID: 30516713
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Other
Gross Land Area: 6.75 Acres
Sale Price: $1,430,000
Unit Price: $211,851 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/21/2019

Overview / Comments

This offering includes three assembled parcels (2 separate owners) for approximately 6.75 acres of development land in a high growth area of Chattanooga / Hamilton County. E Brainerd RD (HWY 320) is a major thoroughfare (5 lane) for commercial uses serving commuter, shopping and medical traffic (approx. 26,000 VPD). Area uses include Regional Shopping District (Hamilton Place Mall; TN's largest), Grocery (Publix, Wal Mart), Medical, Schools, Restaurants, Parks. The Property has up to 100 ft frontage and depth 1,600 ft, with level topography and excellent visibility at road frontage. Some portions of the Property are cleared; some portions may be affected by flood zone(s). Mixed Zoning with C-2 Commercial at frontage and the balance as R-1 Residential. Parcels are commonly known as 8147 E Brainerd Rd; 8149 E Brainerd Rd; 8153 E Brainerd Rd. Note that the frontage of 8153 E Brainerd Rd (approx. 100 x 350) is omitted from the offering here. Review the attached depictions for more detail.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 159O A 051, 159O A 051.01, part of 159O A 050
Zoning: MIXED ZONE - C2 AND R1
Legal Description: Pt Tract 5 Brainerd Acres Pb 11 Pg 31 and Pt Tract 6 Brainerd Acres Pb 11 Pg 31
Largest Nearby Street: E Brainerd Rd (Hwy 320)
Traffic/Vehicle Count: 26,000
Highway Access: I-75 at E Brainerd Rd Exit (Exit 4)
Airports: Chattanooga Municipal
Site Description: Level, partially cleared, some portions may be affected by flood zone
Area Description: Regional Shopping District, Medical Corridor, Major Thoroughfare for commercial and commuter traffic.
Lot Frontage: 100+/-
Lot Depth: 1600 +/-
Zoning Description: Mixed Zone - C2 at frontage; R1 balance
Topography: Level
Easements: Electric Lines, Ingress/Egress, Utilities
Easements Description: Private driveway at western boundary.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,351 50,794 107,496
Median Age: 38.32 39.95 39.54
Households: 3,283 21,015 43,306

Contact

Photograph of Listing Agent

John Mitchum

RE/MAX Renaissance Realtors Greater Chattanooga REALTORS® Member
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