3886 Agawela Dr Chattanooga, TN 37406
This exceptional 4-acre parcel, located at 3886 Agawela Drive in Chattanooga, Tennessee, presents a unique opportunity for developers. The property, with an asking price of $475,000, boasts a highly desirable location near the well-lit intersection of Agawela Drive and Shallowford Road. Its convenient proximity to major transportation arteries—just 2.5 miles (a 5-minute drive) from Highway 153 and 4.5 miles (a 10-minute drive) from Interstate 75—offers unparalleled accessibility. Currently zoned R-1, this land is serviced by all utilities and holds significant potential for rezoning to accommodate commercial or alternative residential development. Conceptual site plans have already been drafted for a potential townhouse or multifamily complex, showcasing the property's versatility. The parcel's size is approximately 4 acres, with an assessed parcel number (APN) of 147C D 002. This prime location, coupled with its existing infrastructure and development potential, makes this a truly exceptional investment opportunity in the thriving Chattanooga market. The price per acre is approximately $121,951. This property is situated in Hamilton County, Tennessee, with a zip code of 37406.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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