Potential Land for Multi-Family Development

Multi-Family for Sale
Catylist Listing ID: 30670861
Number of Units: 2 Units
Building Size (RSF): 1,151 SF
Gross Building Area: See Agent
Gross Land Area: 1.90 Acres
Sale Price: $499,000
Unit Price: $249,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/15/2021

Overview / Comments

This property is located on Runyan Drive off of Mountain Creek Road. This gently sloping 1.9 acre lot is surrounded by apartments and assisted living. Once rezoned, this property has enormous potential for new development. To the west of the property there is 8.5 acres available for sale also.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033117F A 01000
Zoning: R-1
Property Located Between: Runyan Drive & Mountain Creek Road
Highway Access: Runyan Drive to Signal Mountain Road to Highway 27
Airports: Lovell Field~ Chattanooga
Site Description: 1,151 sq. ft. home built in 1950
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1950
Zoning Description: R-1
Lot Frontage: 302.5
Lot Depth: 346.7
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,649 40,112 96,823
Median Age: 35.08 39.5 38.15
Households: 2,177 18,138 40,845

Contact

Photograph of Listing Agent

Christi Oliver

Keller Williams Realty Greater Chattanooga REALTORS® Member
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