Lee Highway Land Available - Excellent Development Opportunity!

Vacant Land for Sale
Catylist Listing ID: 30181762
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 0.97 Acres
Sale Price: $650,000
Unit Price: $670,103 Per Acre
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit, Sale/Leaseback, Other
Cap Rate: Undisclosed
Last Updated: 10/22/2018

Overview / Comments

Great opportunity on Lee Highway. Seller is willing to sell land to purchaser; develop land for a lease tenant; and/or seller willing to do a land lease.

Nearly an acre of flat land with 58 parking spaces with all entitlements.

200 feet of frontage on Lee Highway, and additional frontage on Hickory Valley Road. The property is located between the Chattanooga Allergy Clinic and Sentef Medical Center.

Signalized intersection of two main roads, allowing easy access for customers.

Located 5 minutes from the Chattanooga Metropolitan Airport and Hamilton Place Mall; 7 minutes from the East Brainerd-Ooltewah area, 13 minutes from the Hixson area and 15 minutes from downtown Chattanooga.

Hamilton County's hottest spot for new residential construction is East Brainerd-Ooltewah, which currently has 1,735 new single family homes and 2,541 market rate rental units coming available over the next 10 years.

This spot is a great location for fast food, retail, medical services, or medical offices.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033148F A 02102P000
Zoning: C-2
Property Visibility: Excellent
Legal Description: LT 1 MULLINAX SUB ON LEE HWY PB42 PG317 REV 42-380 42-396
Feet of Frontage: 200
Traffic/Vehicle Count: 29,182
Site Description: This is a flat site that is currently a parking lot.
Lot Depth: 290'-0" (+/-)
Zoning Description: C-2: It is the intent of the C-2 Convenience Commercial Zone to promote, where need exists, the clustering and development of businesses, offices, and service facilities to serve the demand for goods and services generated both by area residents and by transients traveling to or fromother neighborhoods or places of employment.
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,212 48,220 122,133
Median Age: 40.6 39.49 39.78
Households: 3,113 20,988 50,841

Contact

Photograph of Listing Agent

Tiffanie Robinson

Second Story Real Estate Manag Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Kelly Fitzgerald

Second Story Real Estate Manag Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Jackson Malcolm

Second Story Real Estate Manag Greater Chattanooga REALTORS® Member
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