Interstate Commercial Development Site

Vacant Land for Sale
Catylist Listing ID: 30382783
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Residential (Single Family), Retail
Gross Land Area: 20 Acres
Sale Price: $135,000 Per Acre
Total Price: $2,700,000
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/5/2019

Overview / Comments

Large tract available for commercial development at the SW Quadrant of the intersection of Interstate 24 at Exit 158, just west of where I-24 crosses Nickajack Lake on the Tennessee River, 25 minutes from downtown Chattanooga.

This exit is heavily trafficked with travel related retail and convenience services at Speedway, Love's Travel Stop, and McDonalds (identifiable to westbound interstate traffic from 1.25 miles away), and daily traffic to and from Jasper and surrounding areas in the Sequatchie Valley.

Additional land is available including the remainder of the subject tract to the south and the large tract to the north in the median of I-24 adjacent to the Speedway site.

Total Land Available:
Median Tract: Tax Parcel 131 022.00: 83 Acres +/-
Shellmound Tract: Tax Parcel 144 010.00: 166 Acres +/-

Additional Details

Nearest MSA: Chattanooga
County: Marion
Taxing Authority: Marion County
Tax ID/APN: 144 010.00
Property Visibility: Excellent
Legal Description: Property to be subdivided from the existing parcel. Legal Description TBD based on new survey.
Traffic/Vehicle Count: 48,815
Highway Access: Immediately Adjacent to I-24 at Exit 158

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,027 4,209 7,219
Median Age: 39.39 42.44 42.05
Households: 401 1,720 2,943

Contact

Photograph of Listing Agent

Jason A Lehn

Herman Walldorf Commercial Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Benjamin Pitts

Herman Walldorf Commercial Greater Chattanooga REALTORS® Member
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