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3801 Modern Industries Pkwy, Chattanooga, TN 37419

$100,000+/Acre

Commercial property for lease

Added: 03/06/2013
Last Update: 10/15/2013
3801 Modern Industries Pkwy Chattanooga, TN 37419 US
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Contact info

  • 423-664-1550 [Office] 

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. The property is also mentioned in Catylist listing #28516371. Significant to this side of town is the Black Creek Mountain resort style residential, course and mountain development. See it at http://www.blackcreekmtn.com. 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
  • Buildings: 1

Terms

  • Cash to Seller 

Agent

Robert Fisher
423-664-1550 [Office]

Map Locations