713 Airport Rd Chattanooga, TN 37421
- Outlet malls
- 288 SF
- 1.00 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 713 Airport Rd
- Year built
- 1995
- Lot size
- 1.00 lot acres
- Property size
- 288 SF
- Zone code
- C2
- Property type
- Outlet malls
- APN
- 148P D 005
- APU
- 148PD005
Description
This exceptional 1-acre commercial lot, located at the intersection of Airport Road and Pinehurst Avenue in Chattanooga, Tennessee (APN: 148P D 005), presents a unique redevelopment opportunity. Situated less than a mile from the Chattanooga Metropolitan Airport's main terminal and 1,500 feet from the new West Star Aviation terminal, this Class A property benefits from its prime location within Chattanooga's rapidly expanding Airport District. Zoned C-2 Commercial, the lot is ready for immediate redevelopment. The area boasts significant growth, with 44 property transactions in the last three years. This corner lot offers potential for larger-scale development, adjacent to 5 acres of vacant land. The Chattanooga City Council is actively promoting the Airport District Plan, aiming to enhance this area's appeal. Recent investments include a $28 million terminal expansion (summer 2024) and a $25 million parking deck addition (three years prior). The property's strategic location provides easy access to major transportation arteries: Hwy 53 (over 50,000 cars daily) and I-75 (over 100,000 cars daily). Proximity to Enterprise South Industrial Park (home to Volkswagen and Amazon) and the Hamilton Place retail district further enhances its appeal. The asking price is $449,000, representing a price per acre of $449,000. Currently vacant, the property was previously leased, with the lease expiring in November 2024. This presents a compelling investment opportunity in Chattanooga's highest-growth area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.1961
- Latitude
- 35.0278
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA