Apartment or MOB Site - Site Ready for Development

Vacant Land for Sale
Catylist Listing ID: 28277070
Property Subtypes: Office
Gross Land Area: 4.25 Acres
Sale Price: $2,500,000
Unit Price: $588,235 Per Acre
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 9/17/2019

Overview / Comments

Oasis Park is a 14 acre development off the newly improved stretch of Hamill Road between Hixson Pike and Hwy 153 - conveniently located to Memorial Northpark Hospital, Northgate Mall, Downtown, the Airport and Enterprise South.

Phase I is the 43,000 square foot Sports Barn North (corporate discounts available to Oasis Park occupants).

Phase II is a 30,000 square foot, medical/professional office building. Tenants include the Associates in Ear, Nose & Throat, Sumida Orthopedics and Standifer Orthodontics. Space remains available for lease or for sale.

Phase III is this 4.25 acre site which can accomodate up to 40,000 square feet of medical/professional office space. Our team can develop a built-to-suit building for lease or sale; or we can sale the site "as is." Additionally, we will rezone to R-3 for apartments to the developed - conceptual studies how approx. 110 units feasible.

Current site condition is semi-developed with more than $500,000 in improvements already invested in the site - including common entrances and driveways, parking, site lighting, utilities to building pad, stormwater detention, and more.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033110P B 00105
Zoning: M-1
Market Type: Large
Property Located Between: Hixson Pike and Hwy 153
Road Type: Paved
Property Visibility: Excellent
Available Utilities: Electric, Water, Gas, Storm Drain, Cable, Broadband

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,095 38,849 102,749
Median Age: 37.71 41.1 39.65
Households: 2,167 17,341 44,338


Photograph of Listing Agent

J. Matthew McGauley

Fidelity Trust Company Greater Chattanooga REALTORS® Member
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