Zoned UGC, Up to 6 Units/Homes in Downtown St. Elmo

Vacant Land for Sale
Catylist Listing ID: 30507305
Property Subtypes: Hospitality, Multi-Family, Residential (Single Family)
Gross Land Area: 0.37 Acres
Sale Price: $350,000
Unit Price: $945,945 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/26/2019

Overview / Comments

.37 acres walking distance to downtown St. Elmo and all the future development set to occur in that area. ZONED UGC, entitled for up to 6 units (homes, townhomes, units). Current duplex will require extensive renovation, but land adjacent perfect for a quad. Or start all over and build 6 new townhomes/homes. Plans for ''mountain modern'' townhomes available. Clean Phase I environmental report on file. Future residents will love the views of Lookout Mountain and the iconic Incline Railway car.

In the Urban Overlay, therefore can apply for STVR (Airbnb) permits. Subject to city review and approval!

$21 Million in redevelopment coming a stones throw away:
https://www.timesfreepress.com/news/local/story/2019/jun/10/rezoning-st-elmo-approved/496387/

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033155O D 00100
Zoning: UGC

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,081 43,359 105,200
Median Age: 36.28 33.68 36.11
Households: 904 16,470 42,535

Contact

Photograph of Listing Agent

Thomas Connolly

Uptown Firm, LLC Greater Chattanooga REALTORS® Member
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