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702 Manufacturers Rd - 702 Manufacturers Rd.

6.5 Acres of Industrial Land Offered at $5,200,000 in Chattanooga, TN 37405

Investment Highlights

  • Just across the river from downtown Chattanooga
  • Level lot on the river
  • Area of growth and redevelopment

Executive Summary

Fantastic opportunity to own 6.5 +/- level acres just minutes from downtown Chattanooga with approximately 235 +/- feet of river frontage. Currently zoned M-1 and located among Industrial and commercial sites along the TN River, this area has enjoyed rapid growth with some residential and retail development due to convenient location and proximity to water.

Taxes & Operating Expenses (Actual - 2022)

Annual Annual Per AC
Taxes $10,363 $1,594.31
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2022)

Taxes
Annual $10,363
Annual Per AC $1,594.31
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $10,363
Annual Per AC $1,594.31

Property Facts Under Contract

Price $5,200,000
Sale Type Owner User
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use
Commercial
  • Industrial
  • Hospitality
  • Apartment Units - Condo
  • Hold For Development
Total Lot Size 6.50 AC

1 Lot Available

Lot

Price $5,200,000
Price Per AC $800,000
Lot Size 6.50 AC

6.5 level acres with approx. 235 +/- feet of frontage on Tennessee River across from downtown Chattanooga.

Description

Fantastic opportunity to own 6.5 +/- level acres just minutes from downtown Chattanooga with approximately 235 +/- feet of river frontage. Recently rezoned to allow for multi-family and commercial with soft condition for making some of the riverfront area accessible to the public. Located among Industrial, commercial and growing residential sites along the TN River, this area has enjoyed rapid growth with some residential and retail development due to convenient location and proximity to water and downtown.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
135J-B-004
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$230,920 (2023)
Annual Taxes
$10,363
Tax Year
2022 Payable 2023

zoning

Zoning Code R-RV-6 & R-RF-6 (Recently rezoned to multi-family and commercial. This also included a soft condition for making some riverfront area accessible to the public.)
R-RV-6 & R-RF-6 (Recently rezoned to multi-family and commercial. This also included a soft condition for making some riverfront area accessible to the public.)
  • Listing ID: 20996611

  • Date on Market: 9/18/2020

  • Last Updated:

  • Address: 702 Manufacturers Rd, Chattanooga, TN 37405

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