929 Horne Rd Middle Valley, TN 37343

Property Details for 929 Horne Rd

Lot size

1.08 lot acres

Property type

Commercial real estate

APN

083 157

Description

This exceptional 1.08-acre level lot in Middle Valley, Tennessee, presents a compelling investment opportunity. Located at 929 Horne Rd, Hamilton County, zip code 37343, this property boasts a prime location just off Hixson Pike, a major thoroughfare with over 14,000 vehicles daily. Currently zoned A-1 (agricultural), the land offers significant potential for rezoning, opening doors to various development possibilities including storage units, RV/boat/trailer storage, or multifamily housing. With a current asking price of $120,000, the property's value is further enhanced by its proximity to established businesses such as Food City, Ace Hardware, ModWash, and fast-food restaurants, as well as Loftis Middle School. Utilities are readily available, with electricity and sewer connections accessible, and a water meter already in place. The owner has cleared most of the parcel, making it development-ready. The property's location near Chickamauga Lake adds to its appeal. If rezoned to R3 Multi-family, the lot could accommodate up to 18 units per acre. The surrounding neighborhood exhibits a high percentage of single-family detached homes and a median real estate price exceeding the national average. The property's potential for significant appreciation is further supported by a Rising Star Index rating of 5, projecting a 30% or greater increase in value over the next three years. APN: 083 157. This is a truly unique opportunity for investors seeking high-return potential in a desirable location.