4848 Hixson Pike Chattanooga, TN 37343
This exceptional 2.48-acre commercial land parcel, located at 4844 and 4848 Hixson Pike in Chattanooga, Tennessee, presents a remarkable investment opportunity. The property boasts over 240 feet of road frontage on Hixson Pike, offering unparalleled visibility and accessibility. Its strategic location at the signalized intersection of Hixson Pike and Highway 153 ensures high traffic counts, with approximately 27,201 vehicles daily on Hixson Pike and 46,241 on Highway 153. Multiple points of access, including direct access to Highway 153 via Greendale Way, enhance its appeal. The property comprises three separate tax parcels (APN: 110H D 049, 110H D 050, 110H D 051), all zoned C-2 (Convenience Commercial Zone), allowing for a wide range of development possibilities. These include retail, convenience stores, hotels, multifamily dwellings, medical facilities, medical office buildings, self-storage, and more. The strong demographics within a 5-mile radius, featuring a population exceeding 82,000 and an average household income of $82,195, further solidify the property's potential. The asking price is $2,600,000. Proximity to Chattanooga Airport (15 minutes) and downtown Chattanooga (17 minutes) adds to its strategic value. This is a rare opportunity to acquire a highly visible, well-located commercial land parcel in a thriving Chattanooga market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.