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: |
3/25/2021 |
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 |
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 |
|
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