2730 Cannon Ave Chattanooga, TN 37404
This exceptional 2.6-acre parcel in Chattanooga, Tennessee, presents a remarkable opportunity for residential development. Located at 2730 Cannon Ave, in Hamilton County, zip code 37404 (35.01790769603983, -85.29757642535581), the land is already approved for the construction of 23 residential townhouses utilizing a zero lot line design, significantly streamlining the development process. This pre-approved plan eliminates the need for extensive permitting and planning, saving valuable time and resources. Further enhancing its appeal, the City of Chattanooga has proactively installed a stormwater drainage system on the property, addressing a crucial infrastructure element and mitigating potential development delays or added costs associated with water runoff management. The asking price for this prime development site is $699,000. This property offers significant investment and income potential due to its location, pre-approved plans, and existing infrastructure improvements. Don't miss this chance to capitalize on a ready-to-develop residential land opportunity in a thriving Chattanooga neighborhood.
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Wilbur Tigner House Wrecking General Contractor Construction Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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.