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Property profile & analytics
FOR SALE
Parking lots & garages

5020 Old Godsey Ln Chattanooga, TN 37343

1,463 SF 0.97 ac lot Built 1955
Entity Owned 14-yr Hold Free & Clear
Property ID
US80-1409022
5020 Old Godsey Ln, Chattanooga, TN 37343 For Sale
$395,000 1,463 SF
5020 Old Godsey Ln, Chattanooga, TN 37343
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Property summary
AI-generated overview

This exceptional 0.97-acre residential land parcel, located at 5020 Old Godsey Lane in Chattanooga, Tennessee, presents a unique development opportunity. Zoned R-1, this property offers significant potential for residential construction. The lot boasts generous dimensions of approximately 323 feet x 130 feet x 322 feet x 131 feet, providing ample space for a variety of building plans. Its convenient location off the intersection of Highway 153 and Hamill Road places it in close proximity to Memorial Hospital of Hixson and the Hamill Professional Center. This strategic positioning makes it particularly attractive for medical or office development, offering easy access to major roadways and established commercial areas. The property's parcel ID is 110JA 015. The asking price for this prime Chattanooga land is $625,000. This is a rare opportunity to acquire a sizable, well-situated lot in a thriving Hamilton County neighborhood with a 37343 zip code. Don't miss out on this chance to build your dream project or develop a valuable asset in a high-demand area.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1955
Total area 1,463 SF
Lot 0.97 ac (42,211 SF)
Zoning code C2
APN 110J A 015
UPID US80-1409022
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$698k
Blend (final) Blend
$700k
Owner & transaction history
North Park Land Venture LLC · 14 yrs held
North Park Land Venture LLC
since 2012
2 recorded transactions
2012
Price N/A
1999
$300,000
Zoning & alternative use
C2 · Hixson, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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