Volkswagen Drive Pad Sites

Vacant Land for Sale
Catylist Listing ID: 29920199
Property Subtypes: Multi-Family
Gross Land Area: 0.93 - 7.94 Acres
Sale Price: $297,030 - 454,545 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/2/2022

Overview / Comments

4 graded, pad ready sites, delivered ready to build on with all access and utilities in place. Located within Chattanooga City Limits, C-2 zoning. Access is via a new landscaped boulevard entrance from Old Lee Hwy. Lots 1-2 & 3-4 are delivered pad-graded with access, utilities and stormwater detention. Lot 5 will be delivered with access, utilities and stormwater detention.

Located in the booming Collegedale/Ooltewah suburb of Chattanooga on the new Exit 9 interchange, approximately 12 miles north of the Chattanooga CBD, and two exits north of Hamilton Place regional retail area.

Part of 30 acre mixed use project to including a new 300-unit Class A apartment project under construction. Regional detention provided and project pylon signage on Old Lee Hwy included in price.

Newly expanded Volkswagen assembly plant and new Amazon facility located on this interchange, along with other major employers including new FedEx and TDOT regional facilities, McKee Foods HQ (Little Debbie) and Erlanger Health.

High growth Chattanooga market is on a hot streak of major economic development wins, including major new facilities by Volkswagen, Amazon and Wacker Chemical totaling over $5 billion in new investment since 2009, and
nearly 40,000 new jobs, regularly recording the highest annual growth rates in the state.

Great visibility to I-75, these sites sits high and level on visible from the Volkswagen Drive interchange.

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
Property Visibility: Excellent
Largest Nearby Street: I-75
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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