Outparcel - 1.25 Ac - Lee Hwy

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30185013
Property Subtypes: Hospitality, Office, Retail, Retail-Pad
Status: Pending/Contingent
Gross Land Area: 1.25 Acres
Sale Price: $750,000
Unit Price: $600,000 Per Acre
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 8/23/2021

Overview / Comments

This vacant land listing is a 1.25 acre outparcel conveniently located on busy Lee Hwy. The site location is just north of the Shallowford Road intersection and adjacent to a new-construction 46,000 sq ft office (Call Center use).The Call Center anticipates employment of approx. 400 people and operates 24/7. The subject proeprty is available for purchase, subject to subdivision from the whole parcel or for 'build to suit' options where the owner can install improvements to meet a tenant's specific needs. The Property is zoned R4 Special Zone which may accommodate a variety of Residential and Commercial uses. Other contemplated uses, such as Restaurant, may require re-zoning. The Property has been cleared, filled and compacted for commercial improvements. Sewer is on site. Approx 300 ft frontage on Lee Hwy (Hwy 11 / Hwy 64), a major artery through commercial, office, and retail districts provides excellent exposure. Currently zoned R4 which permits a variety of uses including Multifamily, Bank Location, Church, Professional/Medical, Dental, and Office.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: City of Chatt, Hamilton Co
Tax ID/APN: 139P C 007 part of
Zoning: R4
Largest Nearby Street: State Hwy 64, Lee Hwy
Feet of Frontage: 300
Site Description: Level, Graded.
Zoning Description: R4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,087 48,041 117,157
Median Age: 43.36 40.05 39.54
Households: 2,944 20,307 47,986


Photograph of Listing Agent

John Mitchum

RE/MAX Renaissance Realtors Greater Chattanooga REALTORS® Member
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