8.5 Acre R-3 Apartment Site Runyon Dr.
Vacant Land
for Sale
| Catylist Listing ID: |
30296466 |
| Property Subtypes: |
Multi-Family
|
| Gross Land Area: |
8.50 Acres
|
| Sale Price: |
$1,500,000 |
| Unit Price: |
$176,470 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/25/2022 |
Overview / Comments
|
Outstanding apartment location direct access from Runyon Rd located directly behind Summit View Senior Community. 8.5 acres Zoned R-3. Undeveloped parcel 5-Story 150 unit potential with forested privacy 10 minutes to downtown Chattanooga via Signal Mtn. Road and Highway 27.
|
Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Taxing Authority: |
Chattanooga |
| Tax ID/APN: |
1170 A 011.01 |
| Zoning: |
R-3 |
| Property Located Between: |
Runyon Rd and Mountain Creek Rd. |
| Largest Nearby Street: |
Runyon Rd |
| Highway Access: |
Runyon Rd to Signal Mtn Rd to Hwy 27 |
| Airports: |
Chattanooga Lovell Field |
| Site Description: |
Forested undeveloped R-3 parcel behind Summit View Senior Community with direct access to Runyon Road. |
| Lot Frontage: |
47' |
| Lot Depth: |
305,790 sf |
| Zoning Description: |
R-3 Multifamily |
| Topography: |
Level |
| Available Utilities: |
Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,649 |
40,322 |
98,184 |
| Median Age: |
35.08 |
39.67 |
37.98 |
| Households: |
2,177 |
18,338 |
41,357 |
|
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