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Located at 1428 Riverside Drive in Chattanooga, TN, this 13.30 acre on the Tennessee Riverwalk sold for $4,999,999.
The famous Tennessee Riverwalk is a 13 mile riverside walkway that parallels the Tennessee River from the Chickamauga Dam to downtown Chattanooga. With the massive amount of foot and vehicle traffic coming from the Riverwalk, this new development property will catch the attention of many. This property is a neighbor of many popular attractions in Chattanooga, such as Erlanger Hospital and Rock/Creek Riverside. The Boathouse Rotisserie and Raw Bar is directly across the street from this development site.
Through local knowledge and demand in the market, it was clear that this property was the next up-and-coming development site.
Status:
Pending/Contingent
Sale Price:
$4,999,999
In Opportunity Zone:
YES
Gross Land Area:
13.30 Acres
Unit Price:
$375,939 Per Acre
Sale Terms:
CASH TO SELLER
Property Subtypes:
Hospitality, Industrial, Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Vacation/Resort, Other
Cap Rate:
UNDISCLOSED
Last Updated
01.22.2022
April 3, 2019
$900,000
3,250 ft2
Industrial (Warehouse/Distribution)
Chattanooga, TN
