8022 Old Lee Hwy Ooltewah, TN 37363
- Commercial real estate
- 2.79 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 8022 Old Lee Hwy
- Lot size
- 2.79 lot acres
- Property type
- Commercial real estate
- APN
- 033140 00701P000
Description
This exceptional 2.79-acre parcel of land, located at 8022 Old Lee Highway in Ooltewah, Tennessee (APN: 033140 00701P000), presents a unique investment opportunity. Priced at $530,000, this translates to approximately $189,964.16 per acre. The property boasts a highly desirable location, situated directly adjacent to the New Ardmore Heights Development, a 300-unit apartment complex, and the Jewel at Summit Pointe, another substantial 280-unit development. This strategic positioning offers significant potential for future growth and appreciation. The land's proximity to major employers like Volkswagen and Amazon, with easy access via Apison Pike, further enhances its appeal. This prime location offers excellent visibility and accessibility. While this 2.79-acre parcel is being offered separately, note that an additional 4.2 acres are available under separate listings, totaling 6.99 acres for potential larger-scale development projects. The listing price per square foot is $4.36. This property is ideal for developers seeking a strategic location with high growth potential in a rapidly expanding area. Don't miss this chance to acquire a piece of prime Tennessee real estate.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ooltewah
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.1058089
- Latitude
- 35.0691952
