0 Vance RdChattanooga, TN 37421

Property Details for 0 Vance Rd

Lot size

5.72 AC

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 5.72-acre parcel in Chattanooga, Tennessee, presents a remarkable development opportunity. Located on Vance Road in Hamilton County, zip code 37421, this property boasts convenient access to I-75, Hwy 153, Chattanooga Airport, Hamilton Place Mall, and numerous dining establishments, all within a one-mile radius. The land is zoned R-3 (multifamily) and C-2 (commercial/multifamily), allowing for versatile development options. Zoning approvals are in place, permitting a density of one unit per 7,500 square feet, plus an additional unit for every 2,000 square feet thereafter. This translates to a potential maximum density of approximately 101 units, based on the measured acreage. All utilities are readily accessible on Vance Road, including electricity, public water, and sewer. The site features two access points on Vance Road, an existing detention pond, and is primarily wooded, except for the access points and pond area. The property's strategic location near the airport, Volkswagen Plant, Amazon fulfillment center, and other commercial/industrial hubs makes it ideal for build-to-rent townhomes or apartments. The area is experiencing significant growth, with a nearby 386-unit apartment complex nearing completion and another 150+ unit project planned. Conceptual plans for both single-family homes and a moderately dense development of 66 two-story flats are available. The asking price for this exceptional property is $850,000.

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0352

Longitude

-85.1882

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