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8001 Old Lee Hwy - 5 Pad-Ready Commercial Lots @ Exit 9 on I-75 1.22 - 2.65 Acre Commercial Land Lots Offered at $627,840 - $1,255,680 CAD Per Lot in Ooltewah, TN 37363


INVESTMENT HIGHLIGHTS
- Pad-ready development sites along Old Lee Hwy in Chattanooga’s Ooltewah/East Brainerd corridor for retail, medical, hospitality, services, and more.
- Located 0.37 miles from Interstate 75, with traffic counts of more than 80,000 VPD, the site benefits from consistent local and regional traffic flow.
- Less than 20 minutes from Downtown Chattanooga and close to major employers and retail centers, positioned for steady year-round activity.
- In front of a new 300-unit apartment community with shared entry, the property offers a ready-made customer base within walking distance.
- 5-mile trade area is projected to reach nearly 89,000 residents by 2029, with current annual consumer spending already exceeding $1.1 billion.
- Five lots with proposed plans for retail, hotel, and self-storage uses create opportunities to serve the surrounding community and broader markets.
EXECUTIVE SUMMARY
Directly in front of the new 300-unit Reflection Pointe apartment community, the property shares convenient ingress and egress, delivering a built-in customer base from day one. The surrounding area is experiencing an impressive surge in multifamily development, with communities such as The Jewel at Summit Pointe and Hawthorne at the Crest adding to the vibrant residential landscape just down the road.
Spanning an estimated gross total of 9.22 acres, the development is divided into five individual lots with proposed plans for four new buildings, creating the potential for a dynamic hub of restaurants, retail shops, lodging, and service-oriented businesses. Situated off Interstate 75 at Exit 9, the property offers excellent visibility and connectivity with convenient access to Enterprise South Industrial Park, less than 2 miles away. Home to some of the area’s largest employers and more than 2,800 acres of preserved green space with hiking, biking, and horseback trails, Enterprise South further strengthens the site’s position in the regional growth corridor.
Located 0.37 miles from Interstate 75 via Apison Pike, an interchange with an estimated traffic count of over 80,000 vehicles per day (VPD), the property connects quickly to key destinations including Hamilton Place Mall (4.7 miles), Chattanooga Metropolitan Airport (7.6 miles), Amazon Fulfillment Center (3.5 miles), Volkswagen Chattanooga (2.6 miles), and the Tennessee Valley Railroad Museum (6.8 miles).
Less than 20 minutes from Downtown Chattanooga, this development enjoys access to a powerhouse lineup of national and regional retailers, including Walmart Supercenter, Lowe’s, Best Buy, Dillard’s, Target, and more. Employers like Erlanger Health System, BlueCross BlueShield of Tennessee, Unum, and Amazon are all within a short drive, further boosting daily traffic. By 2029, the 5-mile trade area is expected to reach a population of 88,774, with total specified consumer spending already topping $1.1 billion annually.
Now is the time to secure a space in this flourishing commercial corridor, poised to become part of one of Chattanooga’s newest premier live, work, and play destinations.
OFFERING MEMORANDUM
PROPERTY FACTS
| Price | $627,840 - $4,604,160 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 5 | Total Lot Size | 9.22 AC |
| Property Type | Land | ||
| Zoning | C-2 - Commercial | ||
| Price | $627,840 - $4,604,160 CAD |
| Sale Type | Investment |
| No. Lots | 5 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 9.22 AC |
| Zoning | C-2 - Commercial |
5 LOTS AVAILABLE
Lot 1
| Price | $627,840 CAD | Lot Size | 1.22 AC |
| Price Per AC | $514,622.96 CAD |
| Price | $627,840 CAD |
| Price Per AC | $514,622.96 CAD |
| Lot Size | 1.22 AC |
Pad-ready and ideal for an approx. 12,000-square-foot retail building with Lot 2. Suitable for coffee shops, QSRs, grocers, fitness, medical, lifestyle, and boutique uses. Note: Estimated acreage includes shared roadway and detention pond.
Lot 2
| Price | $627,840 CAD | Lot Size | 1.23 AC |
| Price Per AC | $510,439.03 CAD |
| Price | $627,840 CAD |
| Price Per AC | $510,439.03 CAD |
| Lot Size | 1.23 AC |
Pad-ready and ideal for an approx. 12,000-square-foot retail building with Lot 1. Suitable for coffee shops, QSRs, grocers, fitness, medical, lifestyle, and boutique uses. Note: Estimated acreage includes shared roadway and detention pond.
Lot 3
| Price | $1,255,680 CAD | Lot Size | 2.65 AC |
| Price Per AC | $473,841.51 CAD |
| Price | $1,255,680 CAD |
| Price Per AC | $473,841.51 CAD |
| Lot Size | 2.65 AC |
Pad-ready site proposed for hotel or hospitality development. Located in a fast-growing Chattanooga suburb near I-75, Volkswagen, and Amazon. Note: Estimated acreage includes shared roadway and detention pond.
Lot 4
| Price | $1,255,680 CAD | Lot Size | 1.96 AC |
| Price Per AC | $640,653.07 CAD |
| Price | $1,255,680 CAD |
| Price Per AC | $640,653.07 CAD |
| Lot Size | 1.96 AC |
Pad-ready site for hotel or hospitality development, offering strong traffic and occupancy potential amid Chattanooga’s tourism and business growth. Note: Estimated acreage includes shared roadway and detention pond.
Lot 5
| Price | $837,120 CAD | Lot Size | 2.16 AC |
| Price Per AC | $387,555.56 CAD |
| Price | $837,120 CAD |
| Price Per AC | $387,555.56 CAD |
| Lot Size | 2.16 AC |
Pad-ready for up to a three-story, approx. 67,200-square-foot climate-controlled self-storage facility. In a growing Chattanooga suburb with strong residential and commercial demand. Note: Estimated acreage includes shared roadway and detention pond.
NEARBY AMENITIES
RETAIL |
||
|---|---|---|
| Edward Jones | Finance Company | 12 min walk |
HOTELS |
|
|---|---|
| SpringHill Suites |
106 rooms
7 min drive
|
| WoodSpring Suites |
124 rooms
7 min drive
|
| Tru by Hilton |
90 rooms
9 min drive
|
| Drury Plaza Hotel |
210 rooms
9 min drive
|
| Homewood Suites by Hilton |
76 rooms
9 min drive
|
| aloft Hotel |
135 rooms
13 min drive
|
PROPERTY TAXES
| Parcel Number | 140-001.01 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $132,210 CAD |
PROPERTY TAXES
SALE ADVISORS
SALE ADVISORS
Travis Hulsey, Associate Broker
Geoff Ramsey, Broker
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8001 Old Lee Hwy - 5 Pad-Ready Commercial Lots @ Exit 9 on I-75
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