1.4 Acre Development Opportunity Tiftonia

Vacant Land for Sale
Also listed as Hospitality
Catylist Listing ID: 30290194
Property Subtypes: Hospitality, Office, Retail, Retail-Pad
Gross Land Area: 1.40 Acres
Sale Price: $825,000
Unit Price: $589,285 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/22/2018

Overview / Comments

1.4 acre parcel on busy Cummings Highway across from signalized entrance to Walmart center - less than a mile from I-24 Chattanooga /Tiftonia exit..Property is across the highway from Quality Inn and Logan's Roadhouse.

There are 24 hotel flags within a 2 mile radius of the site and the restaurant options are few within the trade area.

Parcel currently contains a motel business but value is in the land as a development opportunity.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County Chattanooga
Tax ID/APN: 154G D 011
Zoning: C-2
Property Visibility: Excellent
Legal Description: LTS 22,24,26 PT LT 28 BLK 14 TIFTONIA SEC NO 1 PB 11 PG 6&7 3315 17 09
Largest Nearby Street: Cummings Highway
Feet of Frontage: 460
Highway Access: I-24
Airports: Chattanooga Metropolitan Airport
Site Description: 1.4 acre parcel of land ready for redevelopment. A small motel is currently in operation, but value is in redevelopment of land.
Area Description: Property is surrounded by Walmart shopping center, hotels, retail stores, restaurants, residences. Minutes from Black Creek Club Residential Golf Course, Reflection Riding Arboretum, Lookout Mountain and downtown Chattanooga.
Lot Frontage: 460
Lot Depth: irregular
Zoning Description: C-2
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 10,811 54,728
Median Age: 40.95 36.56
Households: 4,645 22,592

Contact

Photograph of Listing Agent

Kathy Wilton

Stonecrest Properties Greater Chattanooga REALTORS® Member
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