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: 7/16/2018

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.

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

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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