.44 AC +/- Ringgold Road | Border Region Opportunity w/ ZERO BASE

Vacant Land for Sale
Catylist Listing ID: 30773861
Property Subtypes: Retail, Retail-Pad, Other
Gross Land Area: 0.44 Acres
Sale Price: $350,000
Unit Price: $795,454 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/30/2021

Overview / Comments

Level and ready to develop lot with Ringgold Road frontage and a Ringgold Road curb cut if needed. Traffic signal with 3 shared ingress and egress points. 12 shared spaces within the front parking area and 15 exclusive spaces in the rear parking area. (See attached plat outlining the parking and additional details) If you're not familiar with the benefits of the Border Region Act, please contact the City of East Ridge www.eastridgetn.gov and learn what you could potentially receive by positioning your business on this property. The property is in the floodplain and according to the engineer that has worked with the owner, it would require 2 FT of elevation to take the "structure" out of the floodplain. The recently developed O'Reilly Auto Parts adjacent to the property is a great example concerning the floodplain and the elevation it took to achieve. Hamilton county geographical information system Assured the seller when a permit to build is pulled, a Ringgold Road address will be assigned.

Please contact listing broker with any questions. Acreage & Information deemed reliable and not guaranteed by the listing broker. Buyer to verify.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033169K B 00103P000
Zoning: C2
Property Visibility: Excellent
Largest Nearby Street: Ringgold Road
Feet of Frontage: 129
Highway Access: I75
Site Description: Level with traffic signal
Area Description: Continued growth and opportunity taking place in the East Ridge Area due to the Border Region Act. The Border Region legislation allows East Ridge to provide financial incentives to spur new development in a prescribed district at the state line. The city can then be reimbursed by getting a portion of the state's share of increased sales tax in the district.
In Flood Plain?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,582 72,328 155,294
Median Age: 40.5 37.84 37.6
Households: 5,188 30,816 64,092

Contact

Photograph of Listing Agent

Jon B Hughes

Tower Property Group, LLC Greater Chattanooga REALTORS® Member
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