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    8022 Old Lee Hwy Ooltewah, TN 37363

    Sponsored
    For Sale
    $530,000

    2.79 Acres Near Volkswagen & Amazon

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.79-acre parcel of land, located at 8022 Old Lee Highway in Ooltewah, Tennessee (APN: 033140 00701P000), presents a unique investment opportunity. Priced at $530,000, this translates to approximately $189,964.16 per acre. The property boasts a highly desirable location, situated directly adjacent to the New Ardmore Heights Development, a 300-unit apartment complex, and the Jewel at Summit Pointe, another substantial 280-unit development. This strategic positioning offers significant potential for future growth and appreciation. The land's proximity to major employers like Volkswagen and Amazon, with easy access via Apison Pike, further enhances its appeal. This prime location offers excellent visibility and accessibility. While this 2.79-acre parcel is being offered separately, note that an additional 4.2 acres are available under separate listings, totaling 6.99 acres for potential larger-scale development projects. The listing price per square foot is $4.36. This property is ideal for developers seeking a strategic location with high growth potential in a rapidly expanding area. Don't miss this chance to acquire a piece of prime Tennessee real estate.

    Property Features for 8022 Old Lee Hwy

    General Information

    Property type
    Land
    Lot Size
    121,532 SF

    HighLights

    • $4.36 per square foot listing price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Auto Parts Store Skin Care Clinic HVAC Service Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ooltewah
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.1058089
    Latitude
    35.0691952

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    FAQs

    What type of property is this?
    Land - 2.79 Acres Near Volkswagen & Amazon
    Where is this land located?
    The property is located at 8022 Old Lee Hwy Ooltewah, TN.
    What is the asking price?
    The asking price for this property is $530,000.
    What are key features of this property?
    This property features: $4.36 per square foot listing price.; ;
    (423) 280-1001
    Request Owner's contact information
    8022 Old Lee Hwy Ooltewah, TN 37363
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8022 Old Lee Hwy Ooltewah, TN 37363
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