0 Morris Hill Rd Chattanooga, TN 37421
This exceptional 6.09-acre parcel presents a remarkable opportunity for residential development in Chattanooga's desirable East Brainerd area. Located on Morris Hill Road, this property boasts a convenient location near an array of amenities, including shopping centers, restaurants, and a Publix supermarket, ensuring residents have easy access to everyday necessities and conveniences. The land itself is characterized by its level topography, offering a buildable canvas for various residential projects. The property is zoned R-1, permitting the construction of single-family homes. However, the zoning also allows for the possibility of multi-family dwellings or apartment complexes, subject to local regulations and approvals. The seller is open to selling the entire 6.09 acres as a single unit or is willing to consider dividing the land into smaller parcels for individual sale. With a total asking price of $609,000, this translates to a price per acre of $100,000, representing a compelling value in the current market. The Hamilton County Assessor's Parcel Number (APN) is 033171C B 01700. This prime location and flexible development potential make this property an ideal investment for builders, developers, or investors seeking a lucrative venture in the thriving Chattanooga real estate market. The property's address is Morris Hill Rd, Chattanooga, TN 37421.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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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
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