8030 Old Lee Hwy Ooltewah, TN 37363
This exceptional 3.18-acre commercial land parcel presents a remarkable investment opportunity in the thriving Ooltewah, Tennessee market. Boasting 322 feet of frontage on Old Lee Highway, this property enjoys unparalleled visibility and accessibility. Its strategic location offers convenient proximity to major employers, including Volkswagen and Amazon, situated just 8 minutes away. The property's advantageous position is further enhanced by its adjacency to significant ongoing developments. Specifically, it neighbors the New Ardmore Heights Apartment Development, a substantial 300-unit complex, and the Jewel at Summit Pointe, another large-scale 280-unit development. This prime location ensures high traffic volume and strong potential for future growth. The property's address is 8030 Old Lee Hwy, Ooltewah, TN 37363, with a Hamilton County APN of 033140 00900P000. The asking price for this exceptional commercial land is $1,000,000. This presents a unique chance to acquire a highly desirable property in a rapidly expanding area, ideal for a variety of commercial ventures. The property's proximity to Apison Pike adds to its strategic value, providing easy access to major transportation routes. Don't miss this opportunity to secure a piece of Ooltewah's vibrant commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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