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    7528 Lee Hwy Chattanooga, TN 37421

    For Sale
    $425,000

    High-traffic Chattanooga development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial land bundle presents a prime development opportunity in Chattanooga, Tennessee. The offering encompasses two parcels totaling 0.57 acres, strategically located at 7528 Lee Highway and 2719 Walker Road in Hamilton County, zip code 37421. The Lee Highway parcel (approximately 0.21 acres) boasts approximately 115 feet of frontage on Lee Highway, a major thoroughfare with an estimated 9,000 average annual daily traffic (AADT). The property also benefits from its proximity to Interstate 75, which has an estimated 100,000 AADT at the nearby exit, and Walker Road at Standifer Gap, with an estimated 6,000 AADT. The second parcel, situated on Walker Road (approximately 0.35 acres), currently generates a monthly rental income of $800. The Lee Highway parcel also generates income from a billboard. This combined offering provides immediate income potential alongside significant long-term development prospects. The location is less than a quarter mile from Silverdale Private School, adding to its appeal. The asking price for this lucrative bundle is $425,000. This is a rare opportunity to acquire a high-visibility, income-producing property in a rapidly growing area.

    Property Features for 7528 Lee Hwy

    General Information

    Property type
    Land
    Lot Size
    24,829 SF

    HighLights

    • $425,000 asking price.
    • 0.57‑acre commercial land parcel.
    • Lee Highway frontage of approximately 115 feet.
    • Corner lot with high traffic counts: ~9,000 AADT on Lee Highway, ~100,000 AADT on I‑75, and ~6,000 AADT on Walker Road near Standifer Gap.
    • Includes two parcels: 7528 Lee Hwy (~0.21 acres) and 2719 Walker Rd (~0.35 acres), with existing rental income.
    • Less than a quarter mile from Silverdale Private School.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.1385867
    Latitude
    35.0576194

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    FAQs

    What type of property is this?
    Land - High-traffic Chattanooga development site.
    Where is this land located?
    The property is located at 7528 Lee Hwy Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: $425,000 asking price.; 0.57-acre commercial land parcel.; Lee Highway frontage of approximately 115 feet.
    Request Owner's contact information
    7528 Lee Hwy Chattanooga, TN 37421
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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
    7528 Lee Hwy Chattanooga, TN 37421
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