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    5020 Old Godsey Ln Chattanooga, TN 37343

    For Sale
    $625,000

    0.97 Acres, R-1 Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 0.97-acre residential land parcel, located at 5020 Old Godsey Lane in Chattanooga, Tennessee, presents a unique development opportunity. Zoned R-1, this property offers significant potential for residential construction. The lot boasts generous dimensions of approximately 323 feet x 130 feet x 322 feet x 131 feet, providing ample space for a variety of building plans. Its convenient location off the intersection of Highway 153 and Hamill Road places it in close proximity to Memorial Hospital of Hixson and the Hamill Professional Center. This strategic positioning makes it particularly attractive for medical or office development, offering easy access to major roadways and established commercial areas. The property's parcel ID is 110JA 015. The asking price for this prime Chattanooga land is $625,000. This is a rare opportunity to acquire a sizable, well-situated lot in a thriving Hamilton County neighborhood with a 37343 zip code. Don't miss out on this chance to build your dream project or develop a valuable asset in a high-demand area.

    Property Features for 5020 Old Godsey Ln

    General Information

    Property type
    Land
    Lot Size
    42,253 SF

    HighLights

    • $625,000 asking price for 0.97 acres of residential land.
    • R‑1 zoning.
    • Located at 5020 Old Godsey Ln, Chattanooga, TN 37343.
    • Parcel ID: 110JA 015.
    • Approximately 323' x 130' x 322' x 131' dimensions.
    • Near Memorial Hospital of Hixson and Hamill Professional Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.236773
    Latitude
    35.125026

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    FAQs

    What type of property is this?
    Land - 0.97 Acres, R-1 Zoning, Prime Location
    Where is this land located?
    The property is located at 5020 Old Godsey Ln Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: $625,000 asking price for 0.97 acres of residential land.; R-1 zoning.; Located at 5020 Old Godsey Ln, Chattanooga, TN 37343.
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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
    5020 Old Godsey Ln Chattanooga, TN 37343
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