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    Cummings Rd Chattanooga, TN 37419

    Sponsored
    For Sale
    $4,500,000

    Fully entitled multifamily/commercial land. All utilities available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,500,000 dollar land parcel, located in Chattanooga, Tennessee, presents a remarkable opportunity for developers. Situated on Cummings Rd in Hamilton County, zip code 37419, this property boasts a prime location with convenient access to essential amenities. The land is fully entitled for multifamily and commercial development, eliminating lengthy permitting processes and expediting project timelines. All utilities are readily available, simplifying infrastructure development and reducing project costs. This "ready-to-go" project offers significant potential for immediate development, making it an attractive investment for those seeking a streamlined path to profitability. The property's coordinates are 35.0179969 latitude and -85.3936467 longitude. This is a rare opportunity to acquire a fully entitled development site in a thriving Tennessee market. The residential zoning allows for a variety of development options, catering to diverse market demands. The strategic location and comprehensive entitlements make this land a highly desirable asset for discerning investors and developers. Don't miss this chance to capitalize on this exceptional development opportunity.

    Property Features for 0 Cummings Rd

    General Information

    Property type
    Land

    HighLights

    • $4.5M fully entitled land parcel in Chattanooga, TN, ready for immediate multifamily and commercial development.
    • Located on Cummings Rd, Hamilton County, 37419, with convenient access to amenities and utilities.
    • Residential zoning allows diverse development options.
    • Prime location in a thriving market, offering a streamlined path to profitability.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.3936467
    Latitude
    35.0179969

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    FAQs

    What type of property is this?
    Land - Fully entitled multifamily/commercial land. All utilities available.
    Where is this land located?
    The property is located at Cummings Rd Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: $4.5M fully entitled land parcel in Chattanooga, TN, ready for immediate multifamily and commercial development.; Located on Cummings Rd, Hamilton County, 37419, with convenient access to amenities and utilities.; Residential zoning allows diverse development options.
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    Chattanooga, TN 37419
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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
    Cummings Rd Chattanooga, TN 37419
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