Chattanooga 3.4 Acres, 21K Vpd

Land Description

RI Marketplace Online Auction Dec. 4-6, 2023.

Register to Bid.

Investment Highlights

±3.4 AC of Land Adjacent to Dollar General in Dense Commercial Corridor of Chattanooga, Tn

Attractive Demographics with 5-Mile Population of ±134,045 and Annual Household Income of ±$63,024

Nearby Retail: Walmart, Food Lion, Family Dollar, Dollar General, Walgreens, Advance Auto Parts, Truist, Starbucks, Top Golf, and more

21,407 VPD Traffic Counts Passing Site on Ringgold Road and Near I-75 Interchange

Favorable C-2, Commercial Zoning with Flexible Uses Permitted including Self-Storage

Minutes from Downtown Chattanooga and Tn/Ga Border

4.69% Population Growth from 2010-2023 and Future Growth Anticipated (5-mile radius)

Absolute $1 Auction - NO Reserve

Offering Summary

Marcus & Millichap and RI Marketplace are pleased to present 3.4 acres adjacent to Dollar General (the “Property”) and located at 5711 Ringgold Road in Chattanooga, Tennessee. This Property offers an exceptional investment opportunity to develop a parcel adjacent to a dense retail corridor in the path of growth.

The Property consists of 3.4 acres of vacant land adjacent to Dollar General. The Property is in a robust trade area near a mix of residential and retail demand generators. Nearby retailers include Walmart, Food Lion, Family Dollar, Dollar General, Walgreens, Advance Auto Parts, Truist, Starbucks, Top Golf, and more. The Property benefits from highly favorable C-2, commercial zoning that allows for a wide variety of uses including banks, self-storage, professional office, retail, restaurant, and others. The Property is poised to benefit from its location in a high traffic area with ±21,407 vehicles per day on Ringgold Road and an additional ±97,613 vehicles per day on I-75, just east of the Property.

Chattanooga's strategic location at the intersection of major transportation arteries, including I-75 and I-24, positions it as a critical logistics and distribution center. Chattanooga is a city in and the county seat of Hamilton County, Tennessee. The city is located along the Tennessee River, and borders Georgia to the south, making it an attractive destination for commercial investments. Chattanooga is a regional transit hub served by a major airport, rail, and multiple interstate highways. The city is 118 miles northwest of Atlanta, 112 miles southwest of Knoxville, Tennessee, and 147 miles northeast of Birmingham, Alabama.

The Property's location offers excellent real estate fundamentals within a robust area and extremely dense and compelling demographics with a 2023 population of ±134,045 people and average annual household income of ±$63,024 within a 5-mile radius. The area has benefited from population growth of ±4.69% from 2010-2023 and will continue to benefit from a population that is expanding, with ±0.52% growth projected from 2023-2028 (5-mile radius).

John Roebuck

Fisher Auction Company Inc.

License: 1702

Tn Broker No. 00022430