$3,500,000
For Sale

6 Lupton Drive

Chattanooga, TN 37415
Listing OfficeGreater Downtown Realty dba Keller Williams Realty
Browse 28 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

RESIDENTIAL MULTI-FAMILY DEVELOPMENT OPPORTUNITY - Anticipated updated zoning to RN-3 allows for potential density of 297 units. - 10 Minutes to Downtown Chattanooga, walkable to restaurants and recreation! Add to your investment portfolio, develop, or hold through the build-up of surrounding properties. 6.49± acres, conveniently located within the City. Flexible multi-family zoning offers an opportunity for single family homes, townhomes, apartment complexes, and more. Just off well-traveled Hixson Pike, owners will note the proximity to Downtown Chattanooga and Hixson areas for dining, shopping, medical, education, and entertainment needs. Offering 804± feet of road frontage on Lupton Drive, with sewer, power, and Fiber Optics connectivity. Utilize this 6.49± acres to develop up to 297 multi-family units.* Located across from Rivermont Park ball fields, tennis courts, pavilion, and PUBLIC BOAT RAMP! Short 1-minute drive to Champions Club Tennis Complex and the new Lupton Mills Meadow, a 12-acre city park with walking trail. 5 minutes to the luxurious Riverview estate community. Nine minutes from popular North Shore offerings including Coolidge Park, Renaissance Park, the Walnut Street Walking Bridge, Hunter Museum of Art, and Bluff View Art District. Dining out is made easy here with walkable SideTrack Restaurant, 5 minutes from North Shore favorites like Il Primo, Daily Ration, and Tremont Tavern. Grocery options nearby include Food City and Wal-Mart Neighborhood Market. Big box stores including Target, Lowe's, The Home Depot, shopping, and dozens of local and national chain restaurants, all less than 10 minutes away. Commutes made easy = 12 minutes to I-24, 14 minutes to CHA Airport, and 18 minutes to I-75. 11 minutes from the University of Tennessee at Chattanooga's campus and within 10 minutes of various educational opportunities, including walkable Rivermont Elementary.

  • Property Details
      • Lot DescriptionLevel, Sloped, Wooded, Other
      • Elementary SchoolRivermont Elementary School
      • Middle SchoolRed Bank Middle School
      • High SchoolRed Bank High School
      • CountyHamilton County, TN
      • Utility FeaturesWater Available
      • Sewer InformationPublic Sewer
      • Original List Price$3,500,000
      • Property TypePurchase
      • MLS #2752369
      • Cost3500000
      • MLS #2752369
      • Utility SourcePublic
      • Taxes Annual$1,526
      • Acres6.49
      • Property SubtypeLand

Location

Shane Lame | Forward RealtyThe Legacy Team
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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