3801 Modern Industries Pkwy, Chattanooga, TN 37419
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1 Prepared by Robert Fisher, KW Commercial Mar 11, 2013 on TN Valley CLS [M] [O] Tennessee Real Estate License: Acre Apartment Site in Lookout Valley - $45,348/AC 3801 Modern Industries Pkwy, Chattanooga, TN Listing ID: Status: Active Property Type: Vacant Land For Sale Possible Uses: Hospitality, Multi-Family Sale Price: $1,496,484 Unit Price: $44, Per Acre Land Available: 34 Acres Sale Terms: Cash to Seller Property Overview This 34 acre site is a portion of a 44 acre parcel located in Lookout Valley which is just 8 minutes west of downtown Chattanooga, TN. The site is already mostly R3 in zoning. See attached concept drawings that shows an apartment site plan that contains 312 units. The site sits atop a hill and will provide excellent visibility from Interstate I-24 and scenic views of Lookout and Elder mountains. All 44 acres can be purchased for $1,950,00 if wanted. The site has a scenic small pond also. 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 Catylist listing # Significant to this side of town is the Black Creek Mountain resort style residential, golf course and mountain development. See it at More Information Online QR Code Scan this image with your mobile device: Listing Details General Information Listing Name: 34 Acre Apartment Site in Lookout Valley - $45,348/AC Development Name: Lookout Valley Hotel and Apartments Sites Tax ID Number/APN: Possible Uses: Hospitality, Multi-Family Zoning: R3, M2 & C2 Sale Price: $1,496,484 Sale Terms: Cash to Seller Area & Location Market Type: Property Located Between: Side of Street: Road Type: Property Visibility: Largest Nearby Street: Medium Neat Cummings Hwy South 2-Track, Highway Interchange Excellent Cummings Hwy Feet of Frontage: 50 Traffic/Vehicle Count: 70,000 Transportation: Highway, Airport Airports: Chattanooga Site Description: See site plans. The site includes one small in parcel that may need to be purchased also. Highway Access: Access to Interstate I-24 is within site and only a few minutes away at Exit 174, Cummings Hwy. Downtown Chattanooga is about 8 minutes away. Area Description: Lookout Valley has had great growth in retail and hotels in the last ten years. There is a mix of retail, commercial, industrial and residential in the area. The Black Creek residential and golf community is just across the interstate. It has had tremendous success due to it location and scenic surroundings which this site shares also. Land Related Lot Frontage (Feet): 50 Lot Depth: 1000 Topography: Gently Sloping Page 1
2 Prepared by Robert Fisher, KW Commercial Mar 11, 2013 on TN Valley CLS [M] [O] Tennessee Real Estate License: Zoning Description: The 43 acres contain 3 zoning types. The hotel sites have C2 and M1 zoning types. They may require some rezoning for the hotel sites. The 33 acre apartment site is mostly already R3 zoning. Location Address: County: MSA: 3801 Modern Industries Pkwy, Chattanooga, TN Hamilton Chattanooga Property Images Left_distance left_side_2 Property Contacts Robert Fisher KW Commercial [M] [O] robert@rkfisher.com Page 2 The information presented herein is provided as is, without warranty of any kind. Neither Chattanooga Commercial REALTORS Council nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
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4 43 Acres Aerial Map Printed: Mar 06, 2013 Disclaimer: This map is to be used for reference only, and no other use or reliance on the same is authorized. Parcel lines are shown for reference only and are not intended for conveyances, nor is it intended to substitute for a legal survey or property abstract.
5 43 Acres Parcel Map Printed: Mar 06, 2013 Disclaimer: This map is to be used for reference only, and no other use or reliance on the same is authorized. Parcel lines are shown for reference only and are not intended for conveyances, nor is it intended to substitute for a legal survey or property abstract.
6 43 Acres Topo Map 10 Foot Contours Printed: Mar 06, 2013 Disclaimer: This map is to be used for reference only, and no other use or reliance on the same is authorized. Parcel lines are shown for reference only and are not intended for conveyances, nor is it intended to substitute for a legal survey or property abstract.
7 43 Acres Zoning Map Printed: Mar 06, 2013 Disclaimer: This map is to be used for reference only, and no other use or reliance on the same is authorized. Parcel lines are shown for reference only and are not intended for conveyances, nor is it intended to substitute for a legal survey or property abstract.
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