3801 Modern Industries Pkwy

Land

3801 Modern Industries Pkwy, ChattanoogaTN 37419

Property Details

Location

Address
3801 Modern Industries Pkwy, ChattanoogaTN 37419
County
Hamilton
Submarket
Parcels
033154 00912

Building Size

Building Size

Building Details

Type
 Land
Number of Buildings
Occupancy Type
Single Tenant
Percent Occupied
Building Class
Building Status
Existing
Floors
Year Built
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
43.3 Acres
Land (SF)
1,886,148 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
R-3, R-4, C-2 + SOME M-2
Lot Depth
Lot Width

Contacts

Current Listings

44 Acres/Zoned R3 on Sewer 10 Minutes from Downtown

43.3 Acres$1,650,000
KW Commercial

This is a unique opportunity to purchase a 44 acre tract on sewer of partially wooded and elevated land in the heart of Lookout Valley with excellent interstate visibility and unlimited potential. Situated on top of a hill, the parcel overlooks the valley and runs parallel to Interstate-24. With a nearby interchange providing direct routes to Nashville, Huntsville and Birmingham as well as being located 8 minutes from downtown Chattanooga, it comes with no surprise that this part of I-24 experiences high traffic counts exceeding 70,000 VPD. Site is within 1/2 mile of Exit 174 and is located directly behind Cracker Barrel and adjacent to Wal-Mart Supercenter and several hotels.

The property includes a fully leased triplex.

There really are endless possibilities with this property. The area has experienced tremendous growth in recent years, especially in the residential construction of resort style "planned communities", like Black Creek Community - which is a neighborhood situated along one of TN's finest golf courses. Additionally, new residents are moving to Lookout Valley who are drawn to its scenic beauty but want convenient access to downtown Chattanooga. The area has been and continues to capitalize on the high traffic that its tourist attractions, proximity to the interstate + Chattanooga bring to Exit 174 by adding fast food chains, retail and restaurants. As its residential population continues to expand, the area will evolve to meet the needs of an ever-growing community.

Conceptual site plans for a 312 unit apartment complex and a 282 unit hotel have already been designed. However, the property could also serve as a prime location for a sustainable industrial development, which would capitalize on existing infrastructure such as easy access to 3 major interstates and access to rail facilities. The area has already attracted Covenant Transport, one of the largest trucking companies in the U.S.. The property could also serve as an assisted living facility, restaurant or even a large major estate/site for several homes with tons of privacy. Zoning for the site ranges from R-3,R-1 and C-2 with some M-2. All utilities available to site at road.

KW Commercial

This is a unique opportunity to purchase a 44 acre tract on sewer of partially wooded and elevated land in the heart of Lookout Valley with excellent interstate visibility and unlimited potential. Situated on top of a hill, the parcel overlooks the valley and runs parallel to Interstate-24. With a nearby interchange providing direct routes to Nashville, Huntsville and Birmingham as well as being located 8 minutes from downtown Chattanooga, it comes with no surprise that this part of I-24 experiences high traffic counts exceeding 70,000 VPD. Site is within 1/2 mile of Exit 174 and is located directly behind Cracker Barrel and adjacent to Wal-Mart Supercenter and several hotels.

The property includes a fully leased triplex.

There really are endless possibilities with this property. The area has experienced tremendous growth in recent years, especially in the residential construction of resort style "planned communities", like Black Creek Community - which is a neighborhood situated along one of TN's finest golf courses. Additionally, new residents are moving to Lookout Valley who are drawn to its scenic beauty but want convenient access to downtown Chattanooga. The area has been and continues to capitalize on the high traffic that its tourist attractions, proximity to the interstate + Chattanooga bring to Exit 174 by adding fast food chains, retail and restaurants. As its residential population continues to expand, the area will evolve to meet the needs of an ever-growing community.

Conceptual site plans for a 312 unit apartment complex and a 282 unit hotel have already been designed. However, the property could also serve as a prime location for a sustainable industrial development, which would capitalize on existing infrastructure such as easy access to 3 major interstates and access to rail facilities. The area has already attracted Covenant Transport, one of the largest trucking companies in the U.S.. The property could also serve as an assisted living facility, restaurant or even a large major estate/site for several homes with tons of privacy. Zoning for the site ranges from R-3,R-1 and C-2 with some M-2. All utilities available to site at road.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: Greater Chattanooga REALTORS®

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