Hwy 153 Parcel, 5.6 acres with Owner Financing Available

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 1651694
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Status: Pending
Gross Land Area: 5.64 Acres
Sale Price: $1,500,000
Unit Price: $265,957 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/30/2019

Overview / Comments

Prime frontage on Highway 153, Chattanooga, TN. This is 5.6 acres at a signaled red light intersection.

Property is just next to the newest development on Highway 153 called Hillock Farms. Hillock Farms will consist of 250,000 square feet of corporate office space, a 280 unit class A apartment complex, 500,000 square feet of retail space, restaurants and a trail system.

This location is ideal for a Hotel, Extended Stay Hotel, Day care Facility, Physical Therapy Office, Medical Office, Bank, Chiropractor, Dentist, Nursery and many more possibilities.

Traffic counts are 32,000 to 35,000 cars per day.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033082P C 01700
Market Type: Medium
Property Visibility: Excellent
Largest Nearby Street: Highway 153
Site Description: 5.6 acres located at the corner of Hwy 153 and Boy Scout Road. Prime corner location with red light. Traffic counts are 32,000+ at the intersection. One block south of Hwy 27 Corridor J with traffic counts of 35,000+. Ideal location for fast food, professional office, hotel sit down restaurant, etc.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,897 27,035 67,410
Median Age: 43.91 41.93 41.79
Households: 762 11,076 28,252


Photograph of Listing Agent

Lee T Harper

Hudson Commercial, LLC Greater Chattanooga REALTORS® Member
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