Shallowford Development Site

Vacant Land for Sale
Catylist Listing ID: 30660713
Property Subtypes: Multi-Family, Office, Residential (Single Family), Other
Gross Land Area: 13.30 Acres
Sale Price: $995,000
Unit Price: $74,812 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/11/2020

Overview / Comments

This 13.3 acre site is located just east of the intersection of Shallowford and Jenkins roads. This property is unique for its views, close proximity to major trade areas and ease of access. It is comprised of two parcels, under the same ownership, and is intended to be sold as a whole. The 'knoll' parcel is a 4.95 acre flag lot with 60 ft frontage on Shallowford and expansive views across the Tennessee River Valley to Chattanooga, Lookout Mtn and into Georgia. The "C" shape of the 8.42 acre parcel (149N A 004) wraps around the smaller parcel and has been placed in a conservation easement which provides a downslope, aesthetic/ecological buffer around the knoll. The property is mostly cleared and visible along its nearly 450 foot total frontage on Shallowford Rd. A service driveway to the 4.95 ac parcel exists now. One old barn stands on the property now, otherwise the property is vacant land. Less than 2 mile distance to regional shopping at Hamilton Place Mall, medical, employment, restaurants, churches, professional services, health facilities, entertainment and interstate access on I-75 at Shallowford Rd. Higher density uses may be appropriate and viable...conceptual plans are available for review and consideration. Other potential uses include Senior Living, Assisted Living, Fraternal Organizations, Church Location, Corporate Headquarters, Professional Offices, Education/Training Center, School Campus and Hospitality.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga, Hamilton Co
Tax ID/APN: 033149N A 00401
Zoning: R4, R1
Legal Description: 1. Lot 1 Odyssey Land Co Sub Pb 6 Pg 67, Rev 91-171 out of 149N A 4 for 2008. 2. Open Space 6934-12A Lt 2 Odyssey Land Co Sub Pb 91 pg 171 Pu 15376
Largest Nearby Street: Shallowford Rd
Feet of Frontage: 440
Highway Access: 1.5 miles to I-75
Airports: Chattanooga Municipal
Site Description: Assemblage of two parcels totaling 13.3 acres. 8.42 acres is in a Conservation Easement. Rolling topography with knoll hilltop at approx.
Area Description: Property is located within 2 mile radius of Regional Commercial District, Hamilton Place Mall (Largest mall in TN).
Lot Frontage: 440
Lot Depth: 1000+
Zoning Description: R4, with special conditions for Assisted Living
Topography: Rolling
Easements: Ingress/Egress, Other
Easements Description: Conservation Easement on 8+/- acres

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,759 50,071 95,629
Median Age: 42.14 41.39 39.17
Households: 3,692 20,199 38,260

Contact

Photograph of Listing Agent

John Mitchum

RE/MAX Renaissance Realtors Greater Chattanooga REALTORS® Member
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