5 Francis St Chattanooga, TN 37419
- Commercial real estate
- 43.64 lot acres
Current Use by Public Records
- Chattanooga Fire Station 3 / Fire Station
Property Details for 5 Francis St
- Lot size
- 43.64 lot acres
- Property type
- Commercial real estate
Description
This exceptional 43.64-acre parcel in Chattanooga, Tennessee, presents a remarkable multifamily development opportunity. Located at 5 Francis St, in the desirable Lookout Valley area, this property boasts R-4 zoning, permitting a maximum density of 8 units per acre. The land is currently wooded, offering a tranquil setting while enjoying unparalleled convenience. Situated near the intersection of I-24 and just minutes from Chattanooga's vibrant Southside Redevelopment District, this location provides easy access to major transportation routes and urban amenities. The asking price is $6,350,000, translating to a land value of $147,000 to $150,000 per acre. The property's unique blend of natural beauty and strategic location makes it an ideal investment for developers seeking to capitalize on the growing demand for multifamily housing in this thriving Tennessee community. Hamilton County's zip code is 37419. The property's coordinates are latitude 35.0226826 and longitude -85.387745. This is a rare chance to acquire a substantial tract of land with significant development potential in a highly sought-after area.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.387745
- Latitude
- 35.0226826
