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    2407 Elam Ln Chattanooga, TN 37421

    For Sale
    $2,464,000

    Prime development opportunity in thriving retail district.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2.7-acre commercial land parcel presents a unique investment opportunity in Chattanooga, Tennessee's dynamic Hamilton Place Mall retail district. Located at 2407 Elam Lane, this property boasts a prime location directly off Interstate 75 at Shallowford Road, offering unparalleled accessibility and visibility. The site is part of The Village at Waterside, a successful 22.8-acre retail development already home to established businesses such as Publix, Embassy Suites, REI Co-op, and Orange Theory Fitness. This strategic positioning ensures high traffic volume and exposure to a substantial consumer base. The property is already graded and equipped with utilities, significantly reducing development costs and timelines. Zoned C-4, this land offers considerable flexibility for a wide range of commercial developments. The surrounding area has experienced robust growth, with a 12% population increase in the past decade, indicating a strong and expanding market. This presents a compelling opportunity to capitalize on the area's continued success and build a thriving commercial venture. The asking price for this exceptional property is $2,464,000. Don't miss this chance to secure a prime piece of Chattanooga real estate in a high-demand location. The property is situated in Hamilton County, Tennessee, with a zip code of 37421.

    Property Features for 2407 Elam Ln

    General Information

    Property type
    Land

    HighLights

    • Utilities installed and graded site.
    • Excellent I‑75 visibility at Shallowford Rd. intersection.
    • C‑4 zoning.
    • Located in the Hamilton Place Mall retail trade area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.1512807
    Latitude
    35.0432554

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    FAQs

    What type of property is this?
    Land - Prime development opportunity in thriving retail district.
    Where is this land located?
    The property is located at 2407 Elam Ln Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $2,464,000.
    What are key features of this property?
    This property features: Utilities installed and graded site.; Excellent I-75 visibility at Shallowford Rd. intersection.; C-4 zoning.
    (615) 493-9223
    Request Owner's contact information
    2407 Elam Ln 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
    2407 Elam Ln Chattanooga, TN 37421
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