1220 Lester Ln Chattanooga, TN 37421
This exceptional 10.63-acre commercial development site in Chattanooga, Tennessee, presents a unique investment opportunity. Located at 1220 Lester Ln, in the desirable East Brainerd submarket, this property is zoned C-2 (Convenience Commercial Zone), allowing for versatile development options. Pre-existing plans for both self-storage facilities and townhomes are available upon request. The high-visibility location along East Brainerd Road, between Banks Rd and Fuller Rd, ensures excellent exposure. The area boasts a strong demographic profile, with high household incomes within a 5-mile radius (population: 99,478, HHI: $93,125). Its strategic position offers convenient access to key amenities: Hamilton Place Mall (4.2 miles), Chattanooga Metropolitan Airport (6.9 miles), the Volkswagen Plant (8.4 miles), and Downtown Chattanooga (16.7 miles). This property is ideal for developers seeking a prime location within a thriving community with a strong economy and excellent infrastructure. The asking price is $1,680,000. This is a rare opportunity to acquire a significant parcel of land in a rapidly growing area of Chattanooga. The property is situated in Hamilton County, Tennessee, zip code 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
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.