Property includes a mostly level, undeveloped and unused 7.91 acre lot ready for subdivision development. Great opportunity due to its suburban location in Ooltewah, which has recently become the fastest growing region of Chattanooga. Ooltewah has a recorded population of 36,265 that is steadily increasing with a high median household income of $62,874. Location is a little over a mile to area’s main retail strip – S Lee Highway. Site plan has been prepared to accommodate 29 single-family homes. Road and utility A work scope for roads and utilities was prepared with build out costs and is available upon request. This location would easily accommodate homes in the $300,000 range due to the average home sales price of the area being $205,000.
Located within twenty minutes from a renewed downtown Chattanooga and touching the shores of Chickamauga Lake, Ooltewah is positioned to be the premier Chattanooga zip code. The cost of living is considered to be lower than the national average, the area features top tier school system and the new Volkswagen plant promises a new round of economic development. Property is within close proximity to many upper class neighborhoods and the accredited Honors Golf Course.