1558 Vance Rd, Chattanooga, TN 37421
Commercial property for lease
- Description
- With 42.5 acres this parcel could have a mixed use development plan or be a very expansive multifamily site. This site is fully wooded with about 970 feet of frontage on Vance Road and has a depth of about 1900 feet. Along vance road there are 3-5 acres of fairly flat land that could be offices, self storage or retail use. Behind this acreage the property has a hill that rises about 100 feet with views of Lookout and SIgnal Mountains. At the top of the hill there is more flat land.The best use for the property may be for a Class A multifamily development that would use the view, hillsides and Vance Road visibility as assets. Being in the Hamilton Place submarket would almost guarantee success for the apartment developer. At about $55,294 per acre a single family master plan development would also be a possibility. This easiest way to access the property is from Franklin Road where you can walk down the access road to the water tower. Available Reports:Demographics, 2-Foot contour map, Chattanooga apartment report, Building price details: $2,350,000.
- Contact info
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Robert FisherKW Commercial
- Note
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- Property Details
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Property Type: Commercial (Other) Status: Available Price: $ 55,294 +/Acre Lot Size: 42.500 Acres Submarket: Industrial, Multi-Family, Office, Residential (Single Family), Retail, Self Storage MSA: Chattanooga Zoning: R-2 AND C2 Buildings: 1 Terms: Cash to Seller Added: 12/08/2017