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Dollar General Adjacent, 0.69 Acre

3115 Dodson Ave : Chattanooga, TN 37406

Hamilton County, Tennessee

0.69 Acre
Land Auction
July 24, 2024 12:00 PM
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Land Description

RI Marketplace Online Auction July 22-24, 2024.

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Investment Highlights

±0.69 AC of Land Adjacent to Dollar General in Chattanooga, Tn

9.8% Population Growth from 2010-2023 and Future Growth Anticipated (5-mile radius)

Population of ±137,929 Individuals and Average Household Income of ±$68,098 (5-Mile Radius)

Near Signalized Intersection of Wilder Street with 4,580 VPD Traffic Counts and Dodson Avenue

Favorable M-1, Manufacturing Zoning with Flexible Uses Permitted including Self-Storage

Absolute $1 Auction - NO Reserve

Offering Summary

Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±0.69-Acre development opportunity located at 3115 Dodson Avenue (the “Property”) in Chattanooga, Tennessee. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.

The Property consists of a 0.69-Acre parcel adjacent to Dollar General near the signalized intersection of Wilder Street with traffic counts of 4,580 vehicles per day and Dodson Avenue. The Property benefits from proximity to a strong commercial and industrial corridor within a mature residential neighborhood. The Property benefits from favorable M-1, manufacturing zoning that allows for a wide variety of industrial and manufacturing uses including self-storage.

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 ±137,929 people and average annual household income of ±$68,098 within a 5-mile radius. The area has benefited from population growth of ±9.87% from 2010-2023 and will continue to benefit from a population that is expanding, with ±1.2% growth projected from 2023-2028 (5-mile radius).

John Roebuck, auctioneer

TN License: 1702

Tn Broker No. 00022430

Land Maps & Attachments

More Land Details

Mixed Use Zoning
Flat Terrain
Multiple Roads Access
AUCTIONFLIP ID
376427
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