Development Opportunity Near Hamilton Place Mall

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 28759077
Property Subtypes: Multi-Family, Office, Other
Status: Pending/Contingent
Gross Land Area: 7 Acres
Sale Price: $1,356,000
Unit Price: $193,714 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/30/2018

Overview / Comments

Great East Brainerd location and just minutes from the new VW plant site! Property is zoned R-1 with commercial or multi-family potential. This listing includes 3 parcels for a total of 7 acres (legal description is 2228, 2242, 2252 Murray Lane). Must sell with adjoining 2 acres on Murray Lane - listing #1825978.

The adjoining 5.4 property with frontage onto Shallowford Road is also available. Please contact agent for more information.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033149J A 00600P000
Zoning: R-1
Market Type: Medium
Road Type: Paved
Property Visibility: Excellent
Legal Description: Lt 3 Murray Lane Esate PB37 PG211, Lt 2 Murray lane Estate PB37 PG211, Murray Lane Estate 3230 04A 002 - Lt 1 PB37 PG211.
Largest Nearby Street: Shallowford Rd.
Feet of Frontage: 210
Transportation: Bus, Highway, Airport, Taxi
Highway Access: I-75, I-24, Hwy. 153
Airports: Chattanooga
Site Description: Property is zoned R-1 with commercial or multi-family potential. This listing includes 3 parcels - a total of 7 acres. The 2 acres beside it are also available for sale for an additional $377,790. This makes the total available land 9 acres.
Area Description: Near Hamilton Place Mall, Wal-Mart, Target and other big box retailers. General office and commercial area.
Lot Frontage: 210
Lot Depth: 684
Topography: Level
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Cable

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,637 54,019 101,192
Median Age: 39.57 40.39 39.6
Households: 3,522 22,208 40,815


Photograph of Listing Agent

Roland E Renegar

Crye-Leike Commercial Greater Chattanooga REALTORS® Member
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