Hwy 58 Development Land

Vacant Land for Sale
Catylist Listing ID: 28655442
Property Subtypes: Multi-Family, Office, Retail
Gross Land Area: 14.90 Acres
Sale Price: $2,011,500
Unit Price: $135,000 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/22/2022

Overview / Comments

14.9 Acres +/- available for retail, office, or multi-family development on Hwy 58 at intersection with Hickory Valley Road. Priced at $135,000 per acre.​ Zoned C-2 in Chattanooga City limits. The property includes 2 tax parcels, with a combined 1500 Feet frontage on Hwy 58. 30,005 Vehicles per Day (TDOT 2020).

Easy access and great visibility. 3 miles northeast of intersection with Hwy 153. 4.4 miles to I-75 via Hickory Valley Road and Bonny Oaks Drive.

Access to N Hickory Valley Road is available via a 50 foot Right of Way.

Multifamily Conceptual Siteplan allows for development of 276 apartment units with a Clubhouse and Pool.

​Retail Conceptual Siteplan allows for mix of mid-box anchor stores, small shop space, and freestanding restaurants.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chattanooga, Hamilton County
Tax ID/APN: 120E B 002.06; 120E B 002.07
Zoning: C-2
Market Type: Medium
Property Located Between: North of Intersection of Hwy 58 and Hickory Valley Road
Side of Street: North
Road Type: Highway
Property Visibility: Excellent
Feet of Frontage: 1,500
Traffic/Vehicle Count: 30,250
Transportation: Highway
Highway Access: 3 miles northeast of intersection with Hwy 153. 4.4 miles to I-75 via Hickory Valley Road and Bonny Oaks Drive.
Airports: Chattanooga Metropolitan Airport

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,783 23,787 80,401
Median Age: 41.01 40.74 40.96
Households: 789 9,752 32,616

Contact

Photograph of Listing Agent

Jason A Lehn

Herman Walldorf Commercial Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Benjamin Pitts

Herman Walldorf Commercial Greater Chattanooga REALTORS® Member
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Greater Chattanooga REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.