E Brainerd Development Acreage

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30516713
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Other
Status: Pending/Contingent
Gross Land Area: 12 Acres
Sale Price: $3,030,000
Unit Price: $252,500 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/11/2020

Overview / Comments

This offering includes five assembled parcels (3 separate owners) for approximately 12 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 two Frontage Options: up to 190 ft frontage on E Brainerd Rd with excellent visibility; and approx. 300 ft frontage on Kinsey Rd with good visibility. Maximum Lot depth at approx 1,600 ft, with level topography, mostly cleared and some fill installed. Some portions of the Property may be affected by flood zone(s). Mixed Zoning with C-2 Commercial at frontage (approx. 2.4 acres) and the balance as R-1 Residential (approx. 9.6 acres). Some homes on the Property are occupied and have tenant rights which may be terminated with notice. Homes will be sold in AS IS condition. Other improvements on the property are owner occupied, may be vacated upon closing and will be sold in AS IS condition. The Parcels in Brainerd Acres Subdivision are commonly known as 8147 E Brainerd Rd (deed 4952/411); 8149 E Brainerd Rd (deed 4952/411); 8153 E Brainerd Rd (deed 10016/16). Parcels in Don Howard Subdivision are 1101 Kinsey Rd (deed 1791/110) and 1113 Kinsey Road (11168/415). Review the attached depictions for more detail. Taxes (in respective order to the foregoing): $2301.76 ; $1271.89 ; $3384.58 ; $6636.80 ; $2359.75...total $15,954.78

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chatt, Hamilton Co
Tax ID/APN: 159O A 051, 159O A 051.01, 159O A 050; 159O A 047 ; 159O A 047.01
Zoning: MIXED ZONE - C2 AND R1
Property Visibility: Excellent
Legal Description: (1). Pt Tract 5 Brainerd Acres Pb 11 Pg 31. (2) Pt Tract 6 Brainerd Acres Pb 11 Pg 31. (3) Lot 2&3 Don Howard Subv, Pb 35 Pg 81.
Largest Nearby Street: E Brainerd Rd (Hwy 320)
Feet of Frontage: 190
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. Frontage on E Brainerd Road and Kinsey Rd.
Area Description: Regional Shopping District, Medical Corridor, Major Thoroughfare for commercial and commuter traffic.
Lot Frontage: 190+/-
Lot Depth: 1600 +/-
Zoning Description: Mixed Zone - C2 at frontage (approx. 2.4 acres); R1 balance (approx. 9.6 acres)
In Flood Plain?: Yes
Topography: Level
Easements: Electric Lines, Ingress/Egress, Utilities
Easements Description: Private driveway at western boundary. Sewer Easements.
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

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
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Greater Chattanooga REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.