0 Vance Rd

Description

Fantastic opportunity of 5.72 acresfor future development. Zoned C-2 and R-3. 0 Vance Rd, parcel 148J A 003Within 1 mile to Chattanooga Airport, Hamilton Place Mall shopping and eateries, Freeways I-75, Hwy 153.5.7 acres total, with existing detention pond. Site is currently mostly wooded, except for the access points and pond area.Two access points with frontage on Vance Rd (zoned R-1/single family), with the bulk of the acreage being zoned R-3 (multifamily) and C-2 (commercial/multifamily) All utilities accessible in Vance Rd, including electric at nearby poles, public water, and sewer. Zoning department has confirmed the R-3 and C-2 zoned acreage would be approved for a density of 1 unit on the first 7,500 SF of land plus an additional unit for every 2,000 SF. Based on measured acreage, themax density would be 101 units +/-. With the proximity to the airport, Volkswagen Plant, Amazon fulfillment center, and many other commercial/industrial jobs in the area, this would be an ideal site for build-to-rent townhomes or flats. The area is growing, especially heading further east from the city toward Ooltewah. Existing 386 unit apartment project nearby hasjust broken ground. Another proposed development of over 150 units slated to break ground later this year. An existing concept showing a moderately dense site plan for 66 flats in two story buildings and an alternate concept for single families. Townhomes would likely yield something in between the two concepts.Contact agent for more information and supporting documents.