Great Development Opportunity with 17AC on Lookout Mtn Brow

Hospitality for Sale
Catylist Listing ID: 30174205
Property Subtypes: Hotel, Inn, Recreation Cabins
Number of Units: 1 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 17 Acres
Sale Price: $1,995,000
Unit Price: $1,995,000 Per Unit
Property Use Type: Investment
Name of Establishment: Weswoods
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/14/2018

Overview / Comments

This amazing property known as "Weswoods" is perfectly placed on over 17 gorgeous acres along the western brow of Lookout Mountain. This incredible property offers breathtaking panoramic views of the valley and mountains beyond, along with amazing sunsets! This estate home and property offer tremendous potential to be developed as a residential community, an Inn, or Bed & Breakfast. The magnificent 7 bedroom home represents the finest in design and construction as it was built with handmade bricks from Williamsburg, handmade plaster, Italian marble fireplaces, Scalamandre wall coverings, and a slate roof.

Additional Details

Nearest MSA: Chattanooga
County: Walker
Tax ID/APN: 059 00 012 00
Zoning: R1
Property Visibility: Good
Largest Nearby Street: Scenic Hwy
Airports: Chattanooga
Site Description: 17 gorgeous acres of property perfectly situated on the Brow of Lookout Mountain.
Area Description: Lookout Mountain is a highly desirable suburb of Chattanooga, and this location is only a 15 minute drive from downtown Chattanooga.
Nearby Attractions: Rock City, Ruby Falls, Tennessee Aquarium, Riverwalk, and IMAX Theatre
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Excellent
Year Built: 1952
Roof Type: Other
Construction/Siding: Brick
Water Recreation: Outdoor Pool
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: R1
Lot Frontage: 820
Lot Depth: 865
Water Service: Municipal
Sewer Type: Septic
Legal Description: Pt Ll 18 10/4 Lot 31 McFarland Landlot: 18 Landdist: 10

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,543 10,003 54,185
Median Age: 43.35 40.07 36.01
Households: 609 4,199 21,070


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