Excellent Multi-Family Development Opportunity
Vacant Land
for Sale
| Catylist Listing ID: |
30294814 |
| Property Subtypes: |
Multi-Family
|
| Gross Land Area: |
17.50 Acres
|
| Sale Price: |
$1,499,997 |
| Unit Price: |
$85,714 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
10/19/2018 |
Overview / Comments
Beautiful 17+ acre tracts on Mountain Creek Rd at the foot of Signal Mountain and minutes from the interstate and Downtown Chattanooga. Much of the front acreage is cleared and level with excellent visibility and easy ingress/egress. The rear 3.6 acre tract is a beautiful example of the Chattanooga mountains and will add a natural beauty to any development.
This is a great opportunity to add to the thriving rental housing market in the area or develop something new like luxury town homes.
Adjacent 30 acres is also available for sale.
|
Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Tax ID/APN: |
108N A 007, 108N A 006, 108N A 005 |
| Property Located Between: |
Morrison Springs Rd and Signal Mountain Rd |
| Property Visibility: |
Excellent |
| Feet of Frontage: |
385 |
| Site Description: |
Front acreage is very level while the rear 3.6 acre parcel is steep and rocky |
| Lot Frontage: |
385 |
| Lot Depth: |
1437 |
| Zoning Description: |
R1 |
| Available Utilities: |
Electric, Water, Gas, Sewer, Cable, Internet Access |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,336 |
38,555 |
82,310 |
| Median Age: |
40.46 |
40.31 |
38.91 |
| Households: |
1,188 |
16,977 |
35,588 |
|
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Neither Greater Chattanooga REALTORS® nor
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