3840 Hixson Pike, Chattanooga, TN 37415
Commercial property for lease
- Description
- Four assembled Parcels totaling approximately 2.5 acres. This is an assemblage of lots under the same ownership. Frontage on Hixson Pike totals approx 720 ft (non-contiguous). Located between Rivermont BI-LO Plaza and Highland Plaza on the "going home" side of Hixson Pike. Traffic Count on this 5 lane road is 23,600 vehicles per day. Within the assembled parcels is an ownership outlier which may be acquired separately from this purchase. Contiguous Parcels at 3840, 3838, and 3836 Hixson Pike are Zoned R4, total approx 1.5 acres, with 320 ft frontage (contiguous), graded to street level, majority cleared, sewer available at street. Parcel at 3820 Hixson Pike is Zoned R1, total approximately 1.1 acre, with 400 ft frontage on Hixson Pike (contiguous), graded to street level, majority cleared, sewer available at street. Likelihood of re-zoning 3820 Hixson Pike is supported by surrounding R4 and C2 zones. Surrounding Uses include Multifamily (Hixson Court Apartments), Single Family (Fairfax Heights, Overlook), Commercial (Convenience Stores, Office, Medical), Grocery/Retail (BI-LO Plaza, Highland Plaza), Restaurants, Banks, Churches and Parochial/County Schools. This is an excellent location for Market-Rate Multifamily Development or other uses such as School, Church, Medical Plaza, Office Plaza, Veterinary Clinic, Assisted Living Facility or Fraternal Organization. Full Assemblage with one outlier parcel and successful re-zone to R4 will yield up to 57 Multi Family Units. Building price details: $225,000.
- Contact info
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John MitchumRe/Max Renaissance Realtors
- Note
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- Property Details
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Property Type: Commercial (Other) Status: Available Price: $ 90,000 +/Acre Lot Size: 2.500 Acres Submarket: Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Other MSA: Chattanooga Zoning: MIXED ZONE - R4 AND R1 Buildings: 1 Terms: Cash to Seller Added: 12/06/2017