FOR SALE
216 +/- Acres
Land
Acreage on the Tennessee River
Lupton Drive Properties
Chattanooga, TN
For more information:
David F. DeVaney, CCIM, SIOR
President
[email protected]
414 Vine Street
Chattanooga, TN 37402
423.267.6549
naicharter.com
The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no
reason to doubt its accuracy but we do not guarantee it. All information should be verified prior to purchase or lease.
FOR SALE
The Properties
216 +/- Acres
Land
Parcel 1
Parcel 2
• Tax # - 118F C 048
• Size: 6.80 +/- Acres
• Zoning: R-3
• Tax # - 118F C 046
• Size: 1 +/- Acres
• Zoning: R-3
Parcel 3
Parcel 4
Parcel 5
• Tax # - 118E E 006
• Size: 49.77 +/- Acres
• Zoning: M-1
• Tax # - 118E E 006.01
• Size: 3.87 +/- Acres
• Zoning: M-1
• Tax # - 118K A 046
• Size: 154.96 +/- Acres
• Zoning: R-1 & M-1
Sale Price: $9,500,000
Comments
The property is located off Hixson Pike and consists of five parcels totaling 216 +/- Acres. The
topography offers excellent vistas and multiple building sites with 3,300 feet of contiguous Tennessee
River frontage.
David F. DeVaney, CCIM, SIOR
[email protected]
FOR SALE
216 +/- Acres
Land
Maps of the Properties
Zoning Map
David F. DeVaney, CCIM, SIOR
[email protected]
FOR SALE
216 +/- Acres
Land
Location Map of Properties
SITE
Downtown
Chattanooga
David F. DeVaney, CCIM, SIOR
[email protected]
FOR SALE
216 +/- Acres
Chattanooga Demographics
Land
Location
Population
Total Population
2014
Chattanooga
Hamilton County
Chattanooga MSA*
Location
Unemployment Rate
173,778
351,220
544,559
Southeast TN
7.9%
Distance from Chattanooga
Knoxville, TN
Atlanta, GA
Nashville, TN
Birmingham, AL
Greenville/Spartanburg, SC
Memphis, TN
Charlotte, NC
Construction Activity
Chattanooga MSA Non-Residential
Market Rates
Year
# Permits
Value
Property
2013
2014
77
102
$94,469,000
$265,491,000
Retail Sales
Hamilton County Gross Retail Sales
2012
2013
2014
$5,846,190,527
$5,855,556,596
$6,230,951,907
Source: TN Dept. of Revenue: State Sales and Use Tax Statistics
112 miles
118 miles
135 miles
147 miles
251 miles
345 miles
350 miles
Low
High
Vacancy
Rate
Downtown
Office Class A
$17.00
$24.00
10%
Suburban
Office Class A
$18.00
$20.00
15%
Industrial
Bulk Warehouse
$2.25
$3.25
15%
Retail
Multi-Tenant
$15.00
$30.00
15%
Rent/SF/Year
Source: Chattanooga Chamber of Commerce
Major Employers
Chattanooga MSA Largest Employers (with 500+ full-time employees)
Company Full-Time
•Hamilton County Dept. of Education 4,504 •BlueCross BlueShield of Tennessee 4,437 •Erlanger Health System 4,384 Tennessee Valley Authority 3,737 Memorial Health Care System 2,832 •Unum 2,800
•McKee Foods Corporation 2,750
Amazon.com.dedc LLC 2,473 Volkswagen Chattanooga 2,372
•City of Chattanooga 2,230 Cigna HealthCare 2,200
•Hamilton County Government 1,833 Roper Corporation 1,650
•Astec Industries, Inc. 1,318
Pilgrim’s Pride Corporation 1,300 Part-Time
1,488
42
780
2
435
14
451
168
9
Company Full-Time
Parkridge Medical Center, Inc. 1,254 The University of TN at Chattanooga 1,218 •U.S. Xpress Enterprises, Inc. 1,036 Convergys Corporation 800
Chattem Inc. 737 •Orange Grove Center, Inc. 707 •Chattanooga State Community College 679 •Kenco Group 639
Koch Foods, LLC 600
Hutcheson Medical Center 568 T-Mobile 559
United States Postal Service 550
•EPB 545
Chattanooga Coca-Cola Bottling Co. 536
•Walden Security 516 Part-Time
198
39
35
11
73
58
266
115
•Locally owned and/or headquartered
Employers with 500+ employees in descending order by largest number of full-time employees as of 12/31/14.
Source: Company Personnel Departments
David F. DeVaney, CCIM, SIOR
[email protected]