1526 Boy Scout Rd Hixson, TN 37343-2536
- Drive through restaurants
- 320 SF
- 1.30 lot acres
Current Use by Public Records
- Fairway Auto Sales / Used Car Dealer
Property Details for 1526 Boy Scout Rd
- Year built
- 2004
- Lot size
- 1.30 lot acres
- Property size
- 320 SF
- Zone code
- GB
- Property type
- Drive through restaurants
- APN
- 091 058.08
- APU
- 9105808
Description
This exceptional 1.03-acre commercial land parcel presents a remarkable development opportunity in the thriving Hixson, Tennessee market. Situated on a cul-de-sac off Prestige Lane, this property enjoys convenient access to major thoroughfares, including Highway 153 and Highway 27 (approximately 2 miles away), and is within close proximity to the Northgate regional shopping area (3 miles) and Downtown Chattanooga (10 miles). Its strategic location also offers easy access to Interstate 75 (10 miles). The property is zoned C3 General Commercial, allowing for a diverse range of uses, including retail, office, auto sales, hotels, restaurants, car washes, and light manufacturing. The parcel's address is 1526 Boy Scout Rd, Middle Valley, TN 37343, and its APN is 091 056.08. The asking price for this exceptional opportunity is $629,000. Please note that some portions of the property may fall within a FEMA-designated flood zone. An adjacent, larger parcel (6+ acres) is also available for purchase separately at 6802 Prestige Lane. This presents a unique chance to acquire a significant land holding in a rapidly growing area. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $695,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $570,000
- 6.5%
- $555,000
- 7%
- $525,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $625,000
- Geo Method
- $520,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $495,000
- Retail
- $645,000
- Mixed-Use
- $570,000
- Hospitality
- $550,000
- Educational
- $535,000
- Residential Income
- $635,000
- Energy
- $515,000
- Income-Based Land
- $655,000
- Food Service
- $485,000
Location Insight
- Map
- Local Demand
- City
- Hixson
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.207
- Latitude
- 35.1727
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA