8004 Old Lee Hwy, Ooltewah, TN
Land for Sale - $1,900,000 - 15.66 acres
Property Info
CIMLS# | 845447 |
Location 8004 Old Lee Hwy Ooltewah TN 37363 | |
Updated | August 31st, 2017 |
Type | Land |
Price | $1,900,000 |
Land | 15.66 acres |
Property Description
$1,900,000 for 9.6ac site
$540,000 for additional 5ac adjoining parcel
Located on the Southeast side of I-75 New Exit 9 - Volkswagen Drive. Ideal site for Multifamily with visibility from I-75.Closest multifamily site to the new Volkswagen Production Plant (2500 employees) and new Amazon Distribution Center (1800 employees) on this new I-75 Exit.
Panoramic view to and from I-75 and easy interstate access via Volkswagen Drive. The next I-75 Exit to the north is the booming Ooltewah Exit. To the south is the Bonny Oaks and Shallowford/Gunbarrel Road exits. This exit will develop quickly.
The site will sit high and level and will be accessible via a new 60' boulevard entrance. size and layout of the site is flexible. The main tract is 9.66ac and has been rezoned for up to 217 units. There's an additional 5ac along the back of that tract that can be added to the tract to create a 14.6ac site and would allow 75 more units.
Site development is in progress. This development will also include a 6.5ac Hotel component and retail pads from .06-3ac. Call or check our other listings for details. Sites will be delivered pad-ready in early 2014.
Owner will sell, ground lease, or build to suit. Broker Ownership Interest.
Sales & Leasing Contact;
Brandon Clark
865-805-5502
bclark@maddoxcompany.com
Location Description:
Located on the Southeast side of I-75 New Exit 9 - Volkswagen Drive
Highlights:
>> Fully entitled MF site
>> New access road to Old Lee Highway to be constructed
>> All utilities to site
>> I-75 visibility & access via Exit 9 Volkswagen Drive
>> High economic growth area
* Email for additional photos
Financials
Cash to Seller
Sales Info:
>> Commision split: 4.0%