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    2123 Hamill Rd Chattanooga, TN 37343

    Sponsored
    For Sale
    $295,000

    Residential Land, O-1 Zoning, Chattanooga

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.13-acre parcel of land presents a unique opportunity for residential development in the desirable Hixson area of Chattanooga, Tennessee. Located at 2123 Hamill Rd, this flat, graded lot is zoned O-1, offering flexibility for various residential projects. The property's convenient location provides easy access to local amenities and transportation routes. A key advantage is the existing detention system on an adjacent lot, a pre-arranged solution with the City of Chattanooga, eliminating the need for costly and time-consuming infrastructure development. This significantly reduces upfront costs and streamlines the building process. The asking price is $295,000. The property's address is verified as 2123 Hamill Rd, Chattanooga, Hamilton County, Tennessee, 37343. The geographic coordinates are latitude 35.12469 and longitude -85.234699. This is a prime opportunity for builders or investors seeking a well-situated residential land parcel with significant cost-saving benefits. The property is ready for immediate development, offering a streamlined path to construction. Broker co-op is available.

    Property Features for 2123 Hamill Rd

    General Information

    Property type
    Land
    Lot Size
    49,223 SF

    HighLights

    • 1.13‑acre residential development lot in desirable Hixson, Chattanooga, TN.
    • Located at 2123 Hamill Rd, Chattanooga, TN 37343, zoned O‑1.
    • Flat, graded lot with easy access to amenities and transportation.
    • Pre‑existing detention system eliminates costly infrastructure development.
    • Asking price: $295,000.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Building Supply Nail Salon Gym & Fitness 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
    -85.234699
    Latitude
    35.12469

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    FAQs

    What type of property is this?
    Land - Residential Land, O-1 Zoning, Chattanooga
    Where is this land located?
    The property is located at 2123 Hamill Rd Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 1.13-acre residential development lot in desirable Hixson, Chattanooga, TN.; Located at 2123 Hamill Rd, Chattanooga, TN 37343, zoned O-1.; Flat, graded lot with easy access to amenities and transportation.
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    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
    2123 Hamill Rd Chattanooga, TN 37343
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