2.1 Acres on Old Lee Highway Delivered Pad Ready - Will Divide

Vacant Land for Sale
Catylist Listing ID: 29920199
Property Subtypes: Multi-Family
Gross Land Area: 0.70 - 2.10 Acres
Sale Price: $214,286 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/20/2019

Overview / Comments

2.1 acres on Old Lee Highway $450,000, will divide.

Located on the Southeast side of I-75 New Exit 9 - Volkswagen Drive. Lots of activity in the area with the new Volkswagen Production Plant (2500 employees) and new Amazon Distribution Center (1800 employees) on this new I-75 Exit.

The site has 450' of frontage on Old Lee Highway near the Volkswagen Drive new I-75 interchange. The next I-75 Exit to the north is the booming Ooltewah Exit. To the south is the Bonny Oaks and Shallowford/Gunbarrel Road exits. This exit will develop quickly.

Site development is in progress. This development will also include a 6.5ac Hotel component and a 14.6ac multifamily site (up to 292 units). Call or check our other listings for details. Sites will be delivered pad-ready in early 2014 with all utilities and infrastructure in place.

Owner will sell, ground lease, or build to suit.

Broker Ownership Interest.

• Zoned C-2, delivered Pad ready
• Fronts Old Lee Hwy
• All utilities to site
• I-75 visibility & access via Exit 9 Volkswagen Drive
• High economic growth area

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 140 001, 001.01, 003
Market Type: Large
Property Located Between: Old Lee Hwy & Apison Pike
Road Type: Highway
Largest Nearby Street: I-75
Site Description: Seller in process of grading site. Will deliver pad ready sites to suit user's needs slightly above Old Lee Highway grade
Area Description: Located on the Southeast side of I-75 New Exit 9 - Volkswagen Drive.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,754 28,129 87,534
Median Age: 38.8 38.66 39.73
Households: 656 10,144 34,521

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