Nickajack Lake Residential Development Site

Vacant Land for Sale
Catylist Listing ID: 30233378
Property Subtypes: Residential (Single Family)
Gross Land Area: 140 Acres
Sale Price: $9,000 Per Acre
Total Price: $1,260,000
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/15/2018

Overview / Comments

Large wooded tract available for residential development with excellent views of Nickajack Lake. The property lies to the south of Interstate 24 at Exit 158, just west of where I-24 crosses Nickajack Lake on the Tennessee River, 25 minutes from downtown Chattanooga.

This exit is well known for Tennessee/Alabama Fireworks which lies in the median, identifiable to westbound traffic from 1.25 miles away. The existing fireworks retail site has been acquired by Speedway and will soon be converted to a large travel center.

Additional land is available including the corner tract adjacent to the interstate exit with retail potential, as well as a large tract to the north in the median of I-24 adjacent to the Speedway site.

Total Land Available:
Median Tract: Tax Parcel 131 022.00: 83 Acres +/-
Shellmound Tract: Tax Parcel 144 010.00: 166 Acres +/-

Additional Details

Nearest MSA: Chattanooga
County: Marion
Taxing Authority: Marion County
Tax ID/APN: 144 010.00
Property Visibility: Excellent
Legal Description: Property to be subdivided from the existing parcel. Legal Description TBD based on new survey.
Traffic/Vehicle Count: 48,815
Highway Access: Immediately Adjacent to I-24 at Exit 158

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,027 4,209 7,219
Median Age: 39.39 42.44 42.05
Households: 401 1,720 2,943
The information presented herein is provided as is, without warranty of any kind. Neither Greater Chattanooga REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.