Interchange Development Acreage, I-75 at Exit 11, Ooltewah TN

Vacant Land for Sale
Catylist Listing ID: 29698541
Property Subtypes: Hospitality, Office, Retail, Retail-Pad, Other
Gross Land Area: 23.83 Acres
Sale Price: $5,670,000
Unit Price: $237,935 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/13/2019

Overview / Comments

Development Acreage in the Ooltewah TN sub-market of Chattanooga with excellent Interstate exposure and access. This site is located along I-75 at Exit 11 which serves the fastest growing area in Hamilton County TN. New commercial developments in the immediate proximity including Publix, Wal Mart, Multi Family, Medical, Assisted Living, Hospitality, Restaurants and Mixed-Use Commercial. Volkswagen assembly plant employs approx 2,700 and is located at the next exit. Volkswagen recent announcements include: $600 million / 2,000 jobs for new SUV production line (March 2018) and $800 million / 1,000 jobs for Electric Vehicle production (Jan 2019). Approximately 6 miles north of Regional Commercial district and Tennessee's largest mall, Hamilton Place. Site is zoned C-2 Commercial and has been partially graded.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 131 074.01
Zoning: C-2
Market Type: Large
Property Located Between: I-75 at Exit 11.
Side of Street: East
Road Type: Highway Interchange
Property Visibility: Excellent
Legal Description: Hamilton Co Tax ID 131 074.01
Largest Nearby Street: I-75
Transportation: Highway
Highway Access: i-75 at Exit 11
Airports: Chattanooga Municipal
Zoning Description: C2 Commercial Zone
Development Name: Ooltewah TN, Development Acreage

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,032 19,868 47,892
Median Age: 36.65 39.29 40.85
Households: 2,092 7,369 18,212

Contact

Photograph of Listing Agent

John Mitchum

RE/MAX Renaissance Realtors Greater Chattanooga REALTORS® Member
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