I-24 Chattanooga Multi-Family Land

Vacant Land for Sale
Catylist Listing ID: 30008824
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 43.64 Acres
Sale Price: $2,000,000
Unit Price: $45,829 Per Acre
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 6/12/2022

Overview / Comments

Land is fully zoned for Multi-family. 8 unit/acre max allowable by zoning restriction. Wooded with views, fronting I-24. Minutes to Chattanooga's downtown.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County/Chattanooga TN
Tax ID/APN: 154H A 004
Zoning: R-4
Property Located Between: Along I-24 and Cummings Hwy (US Hwy 41)
Property Visibility: Excellent
Largest Nearby Street: I-24 at Cummings Hwy
Feet of Frontage: 2,000
Traffic/Vehicle Count: 69,000
Highway Access: Hwy 41 and I-24
Airports: Chattanooga Metropolitan Airport
Site Description: Wooded 43.64 acre tract with views and four street frontage. 5 minutes from downtown Chattanooga, direct shot on I-24.
Area Description: Lookout Valley is around the bend in the Tennessee River from Chattanooga's Southside Redevelopment District. It is surrounded by mountains with I-24 running through it. This allows the benefits of natural beauty while being just minutes from Main Street.
Lot Frontage: 2000+/-
Lot Depth: 1500+/-
Zoning Description: R-4 Multi-Family. Approved for up to 8 units per acre for the 43.84 acres.
Development Name: Chattanooga I-24 Multi-Family Tract
Topography: Other
Easements: Electric Lines, Ingress/Egress, Utilities
Easements Description: TVA Transmission Lines, water line, access agreement with TAWC
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 594 9,392 46,240
Median Age: 42.61 41.91 36.44
Households: 246 4,030 19,276


Photograph of Listing Agent

Thomas A Austin

Austin Real Estate L.L.C. Greater Chattanooga REALTORS® Member
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