Potential C-5 Zoning Property Near Interstate 24 in Lookout Valley
Retail-Commercial
for Sale
| Catylist Listing ID: |
30200154 |
| Property Subtypes: |
Mixed Use, Other
|
| Building Size (RSF): |
1,768 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.60 Acres
|
| Sale Price: |
$850,000 |
| Unit Price: |
$480.77 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
10/18/2020 |
Overview / Comments
125 Brown's Ferry Road currently is zoned R-1, but has preliminary approval for C-5 zoning. This zoning provides an excellent opportunity for a neighborhood business. The property has 297 feet of road frontage and is 207 feet deep. It has the largest amount of road frontage than any other property available on Browns Ferry Road south of Interstate 24. The 1.6 acre lot has excellent visibility. Currently, the property has a 1,768 SF home which can be used for an office until owner would want to re-develop the property. The house has three bedrooms, 2 full baths, and a two car garage. The roof was installed in 2005 and has a 25 year rating.
The property is 10 minutes from downtown Chattanooga and has great visibility from Interstate 24. There is a McDonald's restaurant and several hotels within walking distance of the property.
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Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Tax ID/APN: |
033154C A 00600P000 |
| Zoning: |
R-1 |
| Retail Clientele: |
General |
| Property Located Between: |
Between Interstate 24 and Cummings Hwy |
| Property Visibility: |
Excellent |
| Feet of Frontage: |
297 |
| Highway Access: |
Easy access to Interstate 24. |
| Site Description: |
The property is a raised elevation 1.6 acre lot which can be seen from Interstate 24. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
1,768 SF |
| Property Condition: |
Good |
| Year Built: |
1950 |
| Roof Type: |
Gable |
| Construction/Siding: |
Vinyl Siding |
| Parking Type: |
Surface |
| Air Conditioning: |
Package Unit |
| Zoning Description: |
C-5 |
| Lot Frontage: |
297 |
| Lot Depth: |
207 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,335 |
13,493 |
63,377 |
| Median Age: |
46.2 |
40.67 |
35.06 |
| Households: |
569 |
6,249 |
25,579 |
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