8 Acres Across From Costco

Vacant Land for Sale
Catylist Listing ID: 30080557
Property Subtypes: Retail, Other
Gross Land Area: 8.04 Acres
Sale Price: $2,800,000
Unit Price: $348,258 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/20/2017

Overview / Comments

Commercial property. For sale are parcels 11B249002 and 11B249003 for a total of 8.04 acres directly across the street from Costco. Improvements include storm water, retention ponds, and sewer with gas adjacent. A fire hydrant is at the corner of the property. Phase 1 and 2 environmental studies have been done. The storm drain system was designed for >80,000 SF roof space plus parking lot for entire property.

This property is level and ready for development. All developers should definitely see this one.

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $5,348 (Annual)

Additional Details

Nearest MSA: Chattanooga
County: Catoosa
Tax ID/APN: 0011B249002
Zoning: I1
Property Located Between: Costco and Cloud Springs Rd.
Property Visibility: Excellent
Legal Description: Tract 2 and 3 Interstate Commerce Survey
Largest Nearby Street: Cloud Springs Rd., I75
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,303 41,396 127,504
Median Age: 39.39 39.46 38.45
Households: 846 17,532 52,498
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