8.5 Acre R-3 Apartment Site Runyon Dr.
Vacant Land
for Sale
Catylist Listing ID: |
30296466 |
Property Subtypes: |
Multi-Family
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Gross Land Area: |
8.50 Acres
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Sale Price: |
$1,500,000 |
Unit Price: |
$176,470 Per Acre |
Sale Terms: |
Cash to Seller |
Cap Rate: |
Undisclosed |
Last Updated: |
6/21/2022 |
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.
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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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