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: |
$1,950,000 |
| Unit Price: |
$44,683 Per Acre |
| Sale Terms: |
Cash to Seller, Owner Financing, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/30/2020 |
Overview / Comments
|
Land Already fully zoned for Multi-family. 8 unit/acre max allowable by zoning restriction. Wooded with views fronting I-24. Five minutes direct shot 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 |
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 |
|
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