Listed by Real Estate Partners Chattanooga LLC
$3,600,000
N. Tibbs Rd. - 14.62 Acres Multi-Family Land
Details
APN 12-196-01-000, 12-196-21-000
Property Type Land
Sub Type Commercial
Units 272
Tenancy Vacant
Acreage 14.620
Zoning R-7
Investment Type Redevelopment
Multi-Family Land Shovel ready. Fully approved for High density. 4 Million Dollar Tax Abatement
Marketing description
Located just off I-75 in the heart of Dalton - the second-largest city in NW Georgia and "Carpet Capital of the World"
Adjacent to Harlan Godfrey Civitan Park which boasts greenspace for Walking, Biking, Picnic, walking Dogs and other athletic activities including a
One Mile from Walmart Supercenter at Exit 336 on I-75 with Home Depot, Academy Sports, Petco, Kohls and more that boasts 2.6M annual visitors.
Located in the foothills of the Blue Ridge Mountains in northwest Georgia, often considered part of the greater Chattanooga, Tennessee-Georgia-Alabama
Investment highlights
- Zoned / Actionable Market-Rate Site
- Intown/Urban Location featuring surface parked, low-density development scope
- Market Study Completed by 3rd party: Demand exceeds Supply
- Developer friendly, no-red tape county/city
- ~14.65 acre site, ~9.5 acres buildable
- 10-year, $400K per year property tax abatement commencing at final C.O.
- Maximum Allowable Density: 20 units/acre: 280-Units
- Survey/Topo
- Geo Report
- Civil Engineering
- Architectural diligence : site layout, parking, footprints, unit mix, elevations
- Maximum Confirmed/Buildable Units: 6-buildings@ 4-stories total 272 units
- Utilities: capacity and onsite access confirmed
- 1.9 miles to South Bound Exit 333 on I-75
- 1.7 miles to North Bound Exit 336 on I-75
Listing Contacts
Listed by Real Estate Partners Chattanooga LLC
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