Chattanooga Land for Future
For Sale
$799,000
Pending
Vance Road, Chattanooga, TN 37421
LAND - Chattanooga, TN
Property SizeContact for details
Lot Size5.74 Acres
Days on Market756
Property Features for Vance Road
General Information
Property type
Land
Property subtype
Other
Zoning
R-2
Zoning description
Residential Urban District
Lot features
Irregular Lot, Level, Wooded, Partially Cleared, Will Not Divide
Elementary school
Bess T. Shepherd Elementary
Middle school
Tyner Middle Academy
High school
Tyner Academy
Directions
I75 N to 153N, exit hwy 11 Lee hwy turn Left, turn right on Vance Rd. property on right just past airpark rd. No sign on property.
Standard status
Pending
APN
148j A 003
Lot size
5.74 Acres
Taxes and HOA fees
Tax Description
future airport dev/153 business park pb 52 pg73
Tax Annual Amount
1545
Legal Description
future airport dev/153 business park pb 52 pg73
Listing Agency:
REAL Broker
(844) 591-7325
Listed By:
Michael Kelly · License #322724
(423) 645-3862
Added: Jul 17, 2024
Changed: May 14
Last Checked: Aug 11 at 5:06PM
MLS# 1395787
Copyright © 2026 Greater Chattanooga Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5.74-acre property presents a fantastic opportunity for future development. Zoned C-2 and R-3, the site is located within 1 mile of Chattanooga Airport, Hamilton Place Mall, and freeways I-75 and Hwy 153. The property includes an existing detention pond and is mostly wooded, with access points and the pond area cleared. Two access points are available with frontage on Vance Rd. The bulk of the acreage is zoned R-3 (multifamily) and C-2 (commercial/multifamily). All utilities are accessible in Vance Rd, including electric at nearby poles, public water, and sewer. The zoning department has approved the R-3 and C-2 zoned acreage for a density of 1 unit on the first 7,500 SF of land plus an additional unit for every 2,000 SF. A 55 Townhomes concept would likely yield something in between the two single family and multi-family concepts. Based on measured acreage, the max density would be 101 units +/-. Given its proximity to the airport, Volkswagen Plant, Amazon fulfillment center, and other commercial/industrial jobs, this site is ideal for build-to-rent townhomes or flats. The area is growing, especially heading further east from the city toward Ooltewah. An existing 386-unit apartment project nearby is in the final stages of completion, and another proposed development of over 150 units is slated to break ground later this year. An existing concept shows a moderately dense site plan for 66 flats in two-story buildings and an alternate concept for single families.
Key Highlights
- 5.74 acres zoned C‑2 and R‑3, approved for high‑density development (up to 101 units +/-)
- Prime location: within 1 mile of Chattanooga Airport, Hamilton Place Mall, I‑75, and Hwy 153
- All utilities are accessible on Vance Rd: electric, public water, and sewer
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
Explore this area
Business Placement
Demographics for 37421, TN
51,686
Population
23,978
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
92%
High-School Grad
31.7 sq mi
ZIP Area
1,630
Density / Sq Mi
$79,958
Median Household Income
$44,452
Median Earnings
$1,313
Median Rent
$299,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 5.74 acres near Chattanooga Airport, ideal for multifamily development.
Where is this commercial land located?
The property is located at Vance Road Chattanooga, TN.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5.74 acres zoned C‑2 and R‑3, approved for high‑density development (up to 101 units +/-); Prime location: within 1 mile of Chattanooga Airport, Hamilton Place Mall, I‑75, and Hwy 153; All utilities are accessible on Vance Rd: electric, public water, and sewer
