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Contact info

• 423-664-1550 [Office] 

Description

This great site consists of 5 Acres on Old Lee Hwy near the intersection of Apison Pike. Property has 800 feet of frontage on Old Lee Hwy with corners on Green Shanty Rd and Maywater Rd. In the coming months a 100 acre mixed use development comprising Retail, Office, Medical and High Density Residential will be breaking ground just one mile down the road from this site. The property is currently being used as a mobile home park with 19 mobile homes, 2 - two room cottages, 7 - one bedroom apartments, 1 mobile home with 2 car garage, 3 single family homes, 40 by 60 warehouse, 3 empty pads and a wash house. This is obviously not the highest and best use. This is an opportunity to generate good revenue with the mobile home park until the site is ready for redevelopment. Property is visible from I-75 and will have great access once the new Volkswagen Exit #9 connecting Apison Pike is completed. TDOT states the project is slated for completion in December 2012 and is currently underway. This new interchange will allow for retail, hotel/motel and fast food development on this site just to name a few. Building price details: $1,200,000.

Property Details

• Type: Multifamily
• Use Types:Mixed Use, Mobile Home Park
• Status: Available
• MSA: Chattanooga
• Buildings: 1

Terms

• Cash to Seller 

Map Locations