7 Acres on Hwy 58 next to Food City

Vacant Land for Sale
Catylist Listing ID: 30795629
Property Subtypes: Multi-Family, Office, Retail, Self Storage, Other
Gross Land Area: 7 Acres
Sale Price: $1,400,000
Unit Price: $200,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/12/2022

Overview / Comments

This acreage is just shy of 1,000 feet of road frontage on the going home side of Highway 58. The land is zoned C-3 which allows for commercial, retail, office and dwelling units to include multi-family and town homes. The property has water and the sewer connection is on the southwest corner of the land. Directly behind the property is a new subdivision with homes selling over $450,000. The property has two access points from the highway; one directly from Hwy 58 and a shared easement from Hwy 58 with Food City.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033094 17304P000
Zoning: C-3
Property Located Between: Mahan Gap Road and Hunter Road
Property Visibility: Excellent
Largest Nearby Street: Hwy 58
Feet of Frontage: 934
Traffic/Vehicle Count: 16,000
Airports: Chattanooga
Site Description: Land is mostly level and partly cleared.
Area Description: The property is adjacent to Food City and a Gas N Go station that sits at the corner of Hwy 58 and Greenwood Drive. The area is mostly residential with some businesses.
Lot Frontage: 934
Lot Depth: 335
Topography: Level
Easements: Ingress/Egress
Easements Description: The property has an ingress and egress easement to allow access to a cell tower that sits on a half acre.
Available Utilities: Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,462 33,117
Median Age: 40.12 40.55
Households: 3,592 12,338


Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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