Multi-Family Development Site - Current Mobile Home Park

Development Opportunity: 14.83+/- Acres in Chattanooga, TN

Prime development site with excellent access to I-75 at Exit 7 (Bonnie Oaks) and Exit 5 (Shallowford Road), currently zoned R-MH under Chattanooga’s updated -new zoning… Note: the zoning change is currently under a grace period, see link below for more details.​ Previously zoned R-3, offering potential for up to 24 units per acre suggest a high possibility of successful rezone to the new RN-3, allowing for up to 45 units per acre.​ Assuming a realistic single phase density of 300 garden style units, the land basis price is $23,334/unit ($7mm).​

Currently, the property is utilized as a pad rental trailer park and will be sold as-is, including approximately 67 pads, 2 apartment units, an office, and a single-family home, with ample space for expansion—a significant value-add opportunity.​ The property has been in the same family since 1950 and was originally a family farm.​ There is a small creek on the property; Property is not located within the flood zone.​

The site consists of two contiguous parcels: 7356 Lee Hwy and 7337 Courage Way, with ingress and egress access from both roadways via Standifer Gap Road.​ Located along Lee Hwy next to I-75, this site is adjacent to Parkridge Hospital and Chattanooga Sports Medicine.​ It's less than 10 minutes from Hamilton Place Mall, Publix, Food City, and a variety of shopping, dining, hotels, hospitals, schools, and other amenities.​ The site is also conveniently located near downtown Chattanooga, Enterprise South Industrial Park, East Ridge, Camp Jordan, Ooltewah’s Cambridge Square, historic Lookout Mountain, Volkswagen's Chattanooga plant, and major employers such as Amazon and Wacker.​

Purchaser to verify all information provided under due diligence/inspection period.​ Please do not contact tenants or visit the property without prior consent from the listing agent.​ Please contact agent for further information or to request a showing.​ Adjoining parcels are available.​ https://chcrpa.​org/news/new-zoning-map/