Agent

Description

About 5 acres of this 43 acre parcel has been partitioned off for three hotel sites. (see attached concept drawings) Each hotel site is listed for $250,000 per site. Each site provides for a hotel of about 94 rooms and associated parking. The parcel sets on a hill that overlooks the Cracker Barrel restaurant and will have excellent visibility from interstate I-24. I-24 carries about 70,000 cars per day. The hotel community in Lookout Valley has grown steadily over the last 10 years because it is so close to downtown Chattanooga (see vicinity map). The attached sites plans are concept oriented and can modified to a specific developers needs. The cost of the site does not include the cost of the entrance road from the Modern Industries Parkway cul-de-sac. Building price details: $250,000 - 750,000.

Property Details

• Type: Land
• Use Types:Hospitality, Multi-Family
• Status: Available
• Lot Size: 5.000 Acres
• MSA: Chattanooga
• Zoning: R3, M2 & C2

Terms

• Cash to Seller 

Map Locations