C2 Exit 11 I-75 Commercial Land, Interstate Visibility/Access

Vacant Land for Sale
Catylist Listing ID: 30575155
Property Subtypes: Hospitality, Office, Residential (Single Family), Retail, Retail-Pad, Other
Gross Land Area: 0.93 Acres
Sale Price: $600,000
Unit Price: $645,161 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/30/2020

Overview / Comments

Best use as zoned; C2 Commercial. Exceptional interstate visibility with interstate access in exploding growth area of Exit 11, off Interstate 75. Two parcels (8633 Hilltop Dr and 5213 Hunter Rd in Ooltewah, TN 37363) to be sold together. Immediate income from existing buildings with current gross income from main home (great live/work opportunity), efficiency home, and mobile home of $2250/ month. Future billboard income possible (billboard income was taken as lump sum and not offered). Additional commercial acreage available! Zoning: https://library.municode.com/tn/chattanooga/codes/code_of_ordinances?nodeId=CH38ZO_ARTVZORE_DIV13COCOZO Business Commercial, Retail, Restaurant, Office Possibilities. Bring all offers!

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga and Hamilton County, TN
Tax ID/APN: Multiple Parcels Available: 131 034 and 131 035
Zoning: C2
Property Located Between: Knoxville TN and Atlanta, GA in the Chattanooga, TN Market
Property Visibility: Excellent
Legal Description: Pt Sw 1/4 Nw 1/4 Sec 17 Twp 4 R 2 Pt Nw 1/4 Sec 17 Twp 4 R 2
Largest Nearby Street: Lee Hwy
Highway Access: Yes
Airports: Atlanta, Knoxville, Nashville, and Municiple with 2-2.5 hour drive.
Area Description: Exploding Area of growth with many manufacturing and Distribution Companies growing such as Volkswagen, FedEx, Amazon and more.
Lot Frontage: 232'
Zoning Description: C2 https://library.municode.com/tn/chattanooga/codes/code_of_ordinances?nodeId=CH38ZO_ARTVZORE_DIV13COCOZO
Topography: Gently Sloping
Easements: Utilities
Easements Description: Utility easements. Buyer to verify all information and perform due diligence.
Available Utilities: Electric, Water, Sewer, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,643 23,173 59,931
Median Age: 38.33 39.57 39.57
Households: 1,319 8,188 22,340

Contact

Photograph of Listing Agent

Teresa Scheiwe

Keller Williams Realty Greater Chattanooga REALTORS® Member
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