Commercial Dev Site, 1 AC, Cleveland TN

Vacant Land for Sale
Catylist Listing ID: 30008634
Property Subtypes: Hospitality, Industrial, Office, Retail, Retail-Pad
Gross Land Area: 1 Acre
Sale Price: $700,000 Per Acre
Total Price: $700,000
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/12/2022

Overview / Comments

This Listing is for an approximate One Acre Lot (shown as "Lot A" here), subdivided from the whole and delivered with completed Street Frontage and Utility connections at the Street. The proposed Lot dimensions are approx. 180 x 240 and is cleared / leveled to within easily manageable grades for final construction. Access and Utilities come by public ROW on newly installed "Commerce Blvd". This Listing presents one of the possible land-split opportunities for development at this 30 +/- Acre Site. Other land subdivision options (from one acre, five acres and up to the whole) are also available. Adjacent uses include Multi-Plex Movie Theater, Automobile Dealership and Travel Center. The Site is located on the South West Quadrant of the I-75 at Exit 20 Interchange (Pleasant Grove Rd / US HWY 74). Exit 20 is the Southern Terminus of the Cleveland By-Pass (“APD 40”), a four lane divided highway. Exit 20 is the ‘hinge-pin’ for traffic to and from major manufacturing / distribution in the area including existing operations in Bradley Co (Wacker Chemie, Amazon Fulfillment, M&M Mars, Duracell, Whirlpool), those in Chattanooga (Volkswagen, Volkswagen vendors, McKee Bakery, Alstom, Astec Industries, US Express) and those incoming to the new Bradley County / Cleveland Industrial Park (located at the South East Quadrant of Exit 20). City and County officials have identified the Exit 20 area as High Growth…up to 61% growth in 15 years. Exit 20 is also the gateway to the annual $90M Tourist traffic to the Ocoee River / Cherokee National Forest area. The Exit 20 Interchange is recently renovated and completed with design capacity up to 120,000 vehicles per day on I-75. One mile to the East on APD 40, the Stone Lake Interchange is being installed to serve the forthcoming Industrial Park. Area uses include a 12-Screen Movie Plex (UEC), Automobile Dealerships (NISSAN, TOYOTA, HONDA), Travel Center (PILOT), and Retail Sales. The 30 +/- acre Site is served by a newly installed ROW “Commerce Blvd” with utilities and storm water prepared for future approvals. Frontage on I-75 is approx. 1,800 feet and provides unimpeded frontage views to interstate traffic.

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Additional Details

Nearest MSA: Cleveland
County: Bradley
Taxing Authority: City of Cleveland, Bradley County TN
Tax ID/APN: out of 056 043.00
Property Located Between: Volkswagen (Exit 9) and Wacker Chemie (Exit 33).
Property Visibility: Excellent
Legal Description: Part of Bradley County TAX Parcel 056 043.00. Final description to be determined.
Largest Nearby Street: I-75
Feet of Frontage: 180
Highway Access: US HWY 74 and I-75 at TN Exit 20.
Airports: Chattanooga Municipal. Cleveland TN
Site Description: Approx One Acre Lot with 180 ft of frontage on Commerce Blvd (to be extended). Lot Depth approx. 240 ft. Level. Cleared. Utilities available at Street. Excellent Visibility to I-75.
Lot Frontage: 180+/-
Lot Depth: 240 +/-
Zoning Description: Interchange Commercial
Topography: Level
Easements: Utilities
Easements Description: Utilities at Street.
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,346 42,916
Median Age: 40.72 37.64
Households: 3,310 16,511


Photograph of Listing Agent

John Mitchum

RE/MAX Renaissance Realtors Greater Chattanooga REALTORS® Member
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