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8001 Old Lee Hwy

2.16 - 4.61 Acre Commercial Land Lots Offered at $600,000 - $1,750,000 Per Lot in Ooltewah, TN 37363

Investment Highlights

  • High-visibility parcel location in Eastern portion of Hamilton County Chattanooga in the growing Ooltewah, Collegedale and East Brainerd Area of Cha
  • Five (5) sites on Assembled portfolio in the process of being made PAD ready for development
  • Average household income of $85,320 within a two-mile radius of the site
  • 248,346 residents live within a ten-mile radius of the site providing a large customer base for the location.
  • Located with superb visibility to Interstate 75 at Exit 9 (70,335 VPD)
  • Captive consumer base from Condo/Apartment Development north of Site

Executive Summary

The property is a high-visibility Site located in Chattanooga’s growing Ooltewah, East Brainerd area. The site is strategically located on Old Lee Hwy with nearest major Cross-Street at Apison Pike which discharges into Interstate 75 (I-75) 0.37 miles from SITE. The Site along Old Lee Hwy has access to close to 20,000 VPD, with 19,387 on Apison Pike 0.82 miles from Site and 70,335 VPD on I-75 which is visible from Site and 0.37 miles from this Development Site on Old Lee Hwy.
Within a two-mile radius of the site there is 11,663 Population with a 2.8% annual Growth rate at a five-mile Radius there is 82,451 and within ten-miles there are 248,346 residents.

Centrally located in Chattanooga, the property is Near several large employers, shopping malls and hospitals and community amenities including vast outdoor activities available. The site is o.2,6 miles from Volkswagen of Chattanooga, 3.5 miles from Amazon Fulfillment center, 0.25 miles from Fed-Ex fulfillment center, 4.2 miles from Hamilton Place Mall, 7.6 miles to Chattanooga Metropolitan Airport and 8 miles from Erlanger East Hospital, a full-service community hospital and part of the Erlanger Health System, the top employer in Chattanooga. Located near Chattanooga’s primary retail area at Exit 5 on I-75 which is host to Hamilton Place Mall along with a powerful combination surrounding Hamilton Place mall with national and regional retailers including, Walmart Supercenter, Hobby Lobby, Lowe’s, Best Buy, Dillard’s, DICK’s Sporting Goods, Marshalls, Bed Bath & Beyond, Target, and many more.

Property Facts

Price $600,000 - $3,200,000
Sale Type Investment
Sale Conditions
Bulk/Portfolio Sale
  • Redevelopment Project
No. Lots 3
Property Type Land
Property Subtype Commercial
Proposed Use
Office
  • Hospitality
  • Convenience Store
  • Hotel
  • Restaurant
  • Self Storage
Total Lot Size 9.22 AC

3 Lots Available

Lot 1 & 2

Price $850,000
Price Per AC $346,939
Lot Size 2.45 AC

Proposed Retail Site 12,000+/- LOT 1 - 1.22 approximate acreage LOT 2 - 1.23 approximate acreage Approximate 2.45 acres Total $850,000 List Price PAD Ready - estimated acreage includes shared Roadway and Detention Pond

Lot 3 & 4

Price $1,750,000
Price Per AC $379,610
Lot Size 4.61 AC

Proposed Hotel / Hospitality venue on each lot LOT 3 - 2.65 approximate acreage LOT 4 - 1.96 approximate acreage 4.61 acres TOTAL Approximate acreage $1,750,000 List Price PAD Ready - estimated acreage includes shared Roadway and Detention Pond

Lot 5

Price $600,000
Price Per AC $277,778
Lot Size 2.16 AC

LOT 5 - 2.16 approx. acreage Proposed 3-story climate-controlled storage facility, 22,400+/- sf/floor $600,000 List Price PAD Ready - estimated acreage includes shared Roadway and Detention Pond

Description

This centrally located 9.22 +/- acre Site with Multiple building Sites off Interstate 75 at Exit 9. This Site is located on the North-East portion of Hamilton County less than 2 miles from the Enterprise South Industrial Park which is home to some of the largest Employers in Hamilton County. Enterprise South is also home to 2,800 acres with Nine (9) Hiking and Bike trails as well as 2 Horse Back riding trails. * 4.7 miles | Hamilton Place at Exit 5 on I-75 * 7.6 miles | Chattanooga Metropolitan Airport * 3.5 miles | Amazon Fulfillment Center * 2.6 miles | Volkswagen Chattanooga * 6.8 miles | Tennessee Valley Railroad Museum * 16 miles | Downtown Chattanooga

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
140-001.01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$93,800

zoning

Zoning Code C-2 (Commercial)
C-2 (Commercial)
  • Listing ID: 23485703

  • Date on Market: 6/22/2021

  • Last Updated:

  • Address: 8001 Old Lee Hwy, Ooltewah, TN 37363

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