You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
FOR SALE
Parking lots & garages

5195 Austin Rd 2 Hixson, TN 37343

0.51 ac lot
Individually Owned 14-yr Hold ~ Est. High Equity
Property ID
US80-3529443
Property summary
AI-generated overview

This exceptional 0.51-acre commercial lot presents a remarkable investment opportunity in the thriving Hixson, Tennessee market. Strategically located just one block from Hixson Pike, this property enjoys unparalleled access to key transportation arteries. Within minutes, you'll reach Interstate 75 and State Route 153, providing seamless connectivity throughout the region. Commuting to downtown Chattanooga, known for its vibrant social scene and diverse events, is a convenient 20-minute drive. The property's high visibility is further enhanced by an existing sign, ensuring maximum exposure for your business venture. This prime location offers significant potential for a wide range of commercial uses, making it an ideal choice for entrepreneurs and investors seeking a foothold in a rapidly growing area. The land is ready for development, presenting a blank canvas for your vision. Don't miss this chance to secure a piece of Hixson's burgeoning commercial landscape. The asking price is $120,000. Act quickly, as opportunities like this are rare.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Lot 0.51 ac (22,216 SF)
Zoning code R4
APN 100O A 025.02
UPID US80-3529443
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
by Request
Blend (final) Blend
by Request
Owner & transaction history
Perry T Sherrell · 14 yrs held
Perry T Sherrell
since 2011
3 recorded transactions
2011
$245,000
2007
$65,000
2005
Price N/A
Zoning & alternative use
R4 · Hixson, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message