8001 Old Lee Hwy Ooltewah, TN 37363
This exceptional 9.22-acre commercial land parcel in Ooltewah, Tennessee, presents a significant development opportunity. Strategically located on Old Lee Highway near Interstate 75 Exit 9, this high-visibility site boasts daily traffic counts exceeding 70,000 vehicles on I-75 and nearly 20,000 on Old Lee Highway. The property is zoned C-2 and offers five pad-ready sites, ranging from 2.16 to 4.61 acres, with prices per acre between $277,778 and $379,610. Its prime location in Hamilton County places it less than two miles from the Enterprise South Industrial Park, home to major employers and extensive outdoor recreational areas. The surrounding area shows strong population growth, with over 248,000 residents within a ten-mile radius and an average household income of $85,320 within two miles. Proximity to major amenities, including Volkswagen Chattanooga, Amazon and FedEx fulfillment centers, Hamilton Place Mall, Chattanooga Metropolitan Airport, and Erlanger East Hospital, further enhances its appeal. Permitted uses include restaurants, mixed-use retail, medical offices, and multi-level self-storage facilities. This is an ideal investment for developers seeking high-traffic exposure and a thriving community setting. The asking price for the entire 9.22-acre site is $3,200,000.
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.