Looking for the perfect property to develop in Chattanooga, TN? This unique opportunity offers a prime location in one of the fastest-growing and dynamic areas of the Southeast. Nestled amidst stunning natural beauty and vibrant urban amenities, Chattanooga is renowned for its thriving business community, excellent infrastructure, and commitment to sustainability. This property provides the ideal canvas to bring your project to life. With close proximity to major highways, downtown attractions, and outdoor recreation, it’s tailor-made for savvy investors who want to capitalize on the city’s booming real estate market. Don't miss your chance to be part of Chattanooga’s exciting growth story!
Property Details:
The property is located off Hurricane Creek Road and East Brainerd Road: prime location offering the perfect balance of tranquility and convenience.
Great location: ideally situated in a thriving community with access to essential amenities and services.
Less than 10-minute drive to Erlanger East: quick and easy access to one of the region’s leading hospitals, ensuring top-notch healthcare is always within reach.
Walking distance to Publix, Walgreens, Lola Beans: enjoy the luxury of having popular retail stores and a charming coffee shop just a short stroll away, enhancing your quality of life.
Property is zoned for Westview Elementary School, which ranks #59 among Tennessee elementary schools.
The Grove at Hurricane Creek is a future development that is in the works offering shops, restaurants, outdoor entertainment, and more. All located within walking distance from this ideal residential property.
Survey, Environmental, and Title Search all complete: all necessary due diligence has been performed, providing peace of mind for prospective buyers.
Planning Commission and City Council approved site plan with 25 units: the property comes with a pre-approved site plan for the development of 25 townhome units, streamlining the development process.
Proposed asking price $500,000: competitive pricing for a lucrative investment opportunity.
The property is composed of two parcels: 171C-E-003 and 171C-E-005.
71C-E-003 fronts Hurricane Creek Road and is located in the city: allowing proposed townhomes to be on city sewer. Proposed entrance to townhome development off
Hurricane Creek Road: strategic location for the primary entrance to the new townhome community. Utility connections here: simplified infrastructure setup with existing utility connections in place.
171C-E-005 is in the county: located in a tax-friendly county jurisdiction, offering savings on property taxes. Recently rezoned to R-3: newly designated zoning for medium-density residential use, ideal for townhome construction. This is the parcel with proposed townhomes: primary site for the construction of townhome units, maximizing the use of the land.