For Sale
$3,200,000

8001 Old Lee HwyOoltewah, TN 37363

9.22 Acres, Multiple Development Sites

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 9.22-acre commercial land parcel in Ooltewah, Tennessee, presents a significant development opportunity. Strategically located on Old Lee Highway near Interstate 75 Exit 9, this high-visibility site boasts daily traffic counts exceeding 70,000 vehicles on I-75 and nearly 20,000 on Old Lee Highway. The property is zoned C-2 and offers five pad-ready sites, ranging from 2.16 to 4.61 acres, with prices per acre between $277,778 and $379,610. Its prime location in Hamilton County places it less than two miles from the Enterprise South Industrial Park, home to major employers and extensive outdoor recreational areas. The surrounding area shows strong population growth, with over 248,000 residents within a ten-mile radius and an average household income of $85,320 within two miles. Proximity to major amenities, including Volkswagen Chattanooga, Amazon and FedEx fulfillment centers, Hamilton Place Mall, Chattanooga Metropolitan Airport, and Erlanger East Hospital, further enhances its appeal. Permitted uses include restaurants, mixed-use retail, medical offices, and multi-level self-storage facilities. This is an ideal investment for developers seeking high-traffic exposure and a thriving community setting. The asking price for the entire 9.22-acre site is $3,200,000.

Highlights

  • High-visibility parcel in Ooltewah/Collegedale/East Brainerd, Hamilton County, Chattanooga.
  • Large customer base: 248,346 residents within a 10-mile radius.
  • Five pad-ready sites available in an assembled portfolio.
  • Excellent I-75 visibility at Exit 9 (70,335 VPD).
  • $85,320 average household income within a 2-mile radius.
  • I-75 Exit 9 location.

Property Details for 8001 Old Lee Hwy

Property type
Retail properties, Mixed-use properties
Lot Size (sq. ft)
94,090 SF

Location Insight

City
Ooltewah
County
Hamilton
State
Tennessee
Latitude
35.0700681
Longitude
-85.107246
8001 Old Lee Hwy, Ooltewah, Tennessee

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8001 Old Lee Hwy
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