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Two-Acre Development Opportunity
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7418-7422 Igou Gap Rd, Chattanooga, TN 37421

2-acre development opportunity near Hamilton Place Mall and Erlanger East.

Property SizeContact for details
Lot Size2.00 Acres
Days on Market187

Property Features for 7418-7422 Igou Gap Rd

General Information

Standard status Active
Lot size 2.00 Acres
Property subtype Retail, Mixed Use, Land
Zoning Commercial
Investment Type Redevelopment
Listing Agency: Stonecrest Properties
Listed By: Kathy Wilton · License #TN 282162
Source: Crexi
Added: Feb 5 Changed: Aug 8 Last Checked: Jul 14 at 11:37PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stonecrest Properties

Investment Insights

Based on property information with market context.

This 2-acre development opportunity consists of three parcels located on Igou Gap Road. The parcels include: 7418 Igou Gap Road, a 1-acre parcel zoned CN with a 2696 square foot house; 7420 Igou Gap Road, a 1/2-acre parcel zoned R1 with a 922 square foot rental house; and 7422 Igou Gap Road, a 1/2-acre parcel zoned R1 with a 2212 square foot rental house. The property is situated approximately one-half block from the Gunbarrel Road signalized intersection, and is located blocks from Hamilton Place Mall and Erlanger East Hospital, with close proximity to I-75. Igou Gap Road is a high-traffic corridor connecting East Brainerd neighborhoods to a mix of national retailers, medical providers, hotels, restaurants, shops, and services. The developable land has potential for retail, office, or multi-family use, subject to municipal approvals. Acreage and square footage are approximate, and the buyer is responsible for verifying all property information.

Key Highlights

  • 2‑acre development opportunity.
  • Located just 1/2 block from the Gunbarrel Rd signalized intersection.
  • Close proximity to Hamilton Place Mall and Erlanger East Hospital.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store HVAC Service Parking Lot & Garage Electrical Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,251
Businesses Nearby

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

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - 2-acre development opportunity near Hamilton Place Mall and Erlanger East.
Where is this commercial land located?
The property is located at 7418-7422 Igou Gap Rd Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,393,000.
What are key features of this property?
This property features: 2‑acre development opportunity.; Located just 1/2 block from the Gunbarrel Rd signalized intersection.; Close proximity to Hamilton Place Mall and Erlanger East Hospital.
More about this property
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