5020 Old Godsey Ln Chattanooga, TN 37343
For Sale
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Hixson, TNHixson. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.