Lookout Valley Development Site

Lookout Valley Development Site

Chattanooga, TN
Available
  • Property Type: Development/Land
  • Property Size: / 43.64 Acres / 349 Units

Overview

Capstone Land Sales is pleased to present the Chattanooga Lookout Valley Development Site: a fully zoned and entitled multi-family development opportunity located alongside the highly trafficked Interstate-24 - the direct thoroughfare between Nashville and Atlanta.

This garden-style development site’s location provides a truly rare and highly-coveted opportunity to develop within immediate proximity to one of Chattanooga’s most scenic and upscale residential neighborhoods—Lookout Mountain. This location is ideally positioned for individuals seeking to be part of Chattanooga’s vibrant community, while also taking advantage of the spectacular views of the Appalachian Mountains.

The Chattanooga Lookout Valley Development Site is a 7-mile/10-minute drive to downtown Chattanooga; therefore, providing a wonderful opportunity to develop a site that is within close proximity to Chattanooga’s desirable amenities and rapidly growing employment base. The site also possesses ideal zoning, allowing for multi-family development day one, without going through the rezoning process. Chattanooga’s burgeoning and robust economy has a track record of strong multi-family fundamentals despite its status as a high barrier-to-entry submarket.

These factors, coupled with superb access to I-24, a brief drive to downtown Chattanooga, and many excellent amenities make this site an incredibly attractive investment opportunity for a multitude of reasons.

Investment Highlights

Irreplaceable location with spectacular mountain views close to Lookout Mountain and downtown Chattanooga
Significant economic and employment growth with minimal multi-family development pipeline
Superb parcel size with excellent visibility and access to I-24 transit corridor
Fully zoned and entitled site primed for multi-family development
All utilities available at the site

Contact Information

Adam Klenk Managing Director P: 615.861.9906
O: 800.746.3175 ext. 706
adam@capstone-companies.com
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