1526 Boy Scout RdMiddle Valley, TN 37343

Property Details for 1526 Boy Scout Rd

Year built

2004

Lot size

1.30 AC

Property size (Sq ft)

320 SF

Zone code

GB

Property type

Retail properties

Property subtype

Drive through restaurants

APN

091 058.08

APU

9105808

Description

This exceptional 1.03-acre commercial land parcel presents a remarkable development opportunity in the thriving Hixson, Tennessee market. Situated on a cul-de-sac off Prestige Lane, this property enjoys convenient access to major thoroughfares, including Highway 153 and Highway 27 (approximately 2 miles away), and is within close proximity to the Northgate regional shopping area (3 miles) and Downtown Chattanooga (10 miles). Its strategic location also offers easy access to Interstate 75 (10 miles). The property is zoned C3 General Commercial, allowing for a diverse range of uses, including retail, office, auto sales, hotels, restaurants, car washes, and light manufacturing. The parcel's address is 1526 Boy Scout Rd, Middle Valley, TN 37343, and its APN is 091 056.08. The asking price for this exceptional opportunity is $629,000. Please note that some portions of the property may fall within a FEMA-designated flood zone. An adjacent, larger parcel (6+ acres) is also available for purchase separately at 6802 Prestige Lane. This presents a unique chance to acquire a significant land holding in a rapidly growing area. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $99,492

  6.5%

  $91,838

  7%

  $85,279

• Comparable approach

  Method

  Valuation

  Relative Method

  $131,354

  Geo Method

  $157,296

• Alternative Use

  Use

  Valuation

  Residential

  $77,469

  Hospitality

  $70,961

  Educational

  $59,039

  Medical

  $61,069

  Retail

  $91,838

Location Insight

City

Hixson

County

Hamilton

State

Tennessee

Latitude

35.1727

Longitude

-85.207

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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