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: 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.

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

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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


Photograph of Listing Agent

Tad Bromfield

Sentinel Commercial Properties Greater Chattanooga REALTORS® Member
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