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Property profile & analytics
OFF-MARKET
Commercial real estate

2730 Cannon Ave Chattanooga, TN 37404

Property ID
US80-0695477
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
UPID US80-0695477
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Wilbur Tigner House Wrecking General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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