TN > Chattanooga
Chattanooga, TN 37421,00 Vance RD
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Chattanooga, TN 37421,00 Vance RD
Chattanooga, TN 37421,00 Vance RD
Chattanooga, TN 37421,00 Vance RD
Chattanooga, TN 37421,00 Vance RD
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Nic Nicaud

Nic Nicaud

+1(865) 742-1312
$ 850,000
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Price Dropped by $50K

00 Vance RD Chattanooga, TN 37421

5.74 Acres Lot

UPDATED:

10/08/2024 07:31 PM

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1395787

Originating Board Greater Chattanooga REALTORS�

Lot Size 5.740 Acres

Acres 5.74

Lot Dimensions 893x397

Property Description

Fantastic opportunity of 5.74 acres for future development. Zoned C-2 and R-3. 0 Vance Rd, parcel 148J A 003 Within 1 mile to Chattanooga Airport, Hamilton Place Mall shopping and eateries, Freeways I-75, Hwy 153. 5.7 acres total, with existing detention pond. Site is currently mostly wooded, except for the access points and pond area. Two access points with frontage on Vance Rd with the bulk of the acreage being zoned R-3 (multifamily) and C-2 (commercial/multifamily) All utilities accessible in Vance Rd, including electric at nearby poles, public water, and sewer. Zoning department has approved the R-3 and C-2 zoned acreage and approved for a density of 1 unit on the first 7,500 SF of land plus an additional unit for every 2,000 SF. An attached 55 Townhomes concept would likely yield something in between the two single family and multi-family concepts. Based on measured acreage, the max density would be 101 units +/-. With the proximity to the airport, Volkswagen Plant, Amazon fulfillment center, and many other commercial/industrial jobs in the area, this would be an ideal site for build-to-rent townhomes or flats. The area is growing, especially heading further east from the city toward Ooltewah. Existing 386-unit apartment project nearby is in the final stages of completion. Another proposed development of over 150 units slated to break ground later this year. An existing concept showing a moderately dense site plan for 66 flats in two story buildings and an alternate concept for single families. Contact agent for more information and supporting documents.

Location

State TN

County Hamilton

Area 5.74

Exterior

Community Features None

Utilities Available None

Garage No

Building

Lot Description Irregular Lot, Level, Wooded, Partially Cleared, Will Not Divide

Faces I75 N to 153N, exit hwy 11 Lee hwy turn Left, turn right on Vance Rd. property on right just past airpark rd. No sign on property.

Additional Building None

Schools

Elementary Schools Bess T. Shepherd Elementary

Middle Schools Tyner Middle Academy

High Schools Tyner Academy

Others

Senior Community No

Tax ID 148j A 003

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Investor

Listed by Scenic South Properties, LLC

Nic Nicaud

Broker | License ID: 302707

+1(865) 742-1312

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