7528 Lee Hwy Chattanooga, TN 37421
- Commercial land
- 990 SF
- 0.41 lot acres
Current Use by Public Records
- Commercial land
Property Details for 7528 Lee Hwy
- Year built
- 1948
- Lot size
- 0.41 lot acres
- Property size
- 990 SF
- Zone code
- M1
- Property type
- Commercial land
- APN
- 139J F 001
- APU
- 139JF001
Description
This exceptional commercial land bundle presents a prime development opportunity in Chattanooga, Tennessee. The offering encompasses two parcels totaling 0.57 acres, strategically located at 7528 Lee Highway and 2719 Walker Road in Hamilton County, zip code 37421. The Lee Highway parcel (approximately 0.21 acres) boasts approximately 115 feet of frontage on Lee Highway, a major thoroughfare with an estimated 9,000 average annual daily traffic (AADT). The property also benefits from its proximity to Interstate 75, which has an estimated 100,000 AADT at the nearby exit, and Walker Road at Standifer Gap, with an estimated 6,000 AADT. The second parcel, situated on Walker Road (approximately 0.35 acres), currently generates a monthly rental income of $800. The Lee Highway parcel also generates income from a billboard. This combined offering provides immediate income potential alongside significant long-term development prospects. The location is less than a quarter mile from Silverdale Private School, adding to its appeal. The asking price for this lucrative bundle is $425,000. This is a rare opportunity to acquire a high-visibility, income-producing property in a rapidly growing area.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.1385
- Latitude
- 35.0576
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
