Prime Land Investment Opportunity!
This 1.08-acre level lot offers endless possibilities with potential rezoning for storage units, RV/boat/trailer storage, or multifamily housing. It is currently zoned A-1 (agricultural). Conveniently located just off the main road and surrounded by other commercial properties, this lot is perfectly positioned for easy access and visibility. Hixson Pike has 14,000+ cars traveling along it each day. It is located less than one mile to FoodCity, Ace Hardware, ModWash, Loftis Middle School, and Taco Bell.
The previous power was disconnected and the pole was removed. The old septic tank has been filled in and the sewer is 150ft away on one side and 20 to 30 ft away from other side. There is one water meter in place on the property and the owner has cleared most of the parcel, making it development-ready. With excellent potential for passive income and being right off of Chickamauga Lake, this lot presents a unique opportunity for investors. Don't miss out!
If rezoned to R3 Multi-family zoning - you would be allowed to have 18 units per acre. Thus each door would cost about $6,666 at list price. Typically, each door is $10,000-$15,000 in the Chattanooga market.
Robert Fisher
KW Commercial