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626 Martin Luther King Blvd - 626 E MARTIN LUTHER KING BLVD, CHATTANOOGA Lot • Terrain commercial • 0,81 Acres • 2 255 963 $ CAD • Chattanooga, TN 37403
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Faits saillants de l'investissement
- Heavy Daytime traffic
Résumé de l'annonce
Approximately 35,283 SF of land positioned along E Martin Luther King Boulevard in Chattanooga's urban core.
Exceptional Proximity to UTC
Strategically located immediately south of the University of Tennessee at Chattanooga, placing the site near a major concentration of students, faculty, staff, visitors, and ongoing university activity.
Positioned for UTC's Continued Growth
The property's proximity to the university creates a compelling long-term land position as UTC continues to grow its enrollment, campus footprint, housing, academic facilities, and surrounding activity.
Strategic Downtown Chattanooga Location
Located between the UTC campus and Chattanooga's broader downtown commercial, employment, residential, dining, and entertainment districts.
Prominent MLK Boulevard Presence
Approximately 149 feet along E Martin Luther King Boulevard, providing strong visibility and a substantial presence along the corridor.
Large Urban Site
At approximately 0.81 acres, the property offers meaningful scale for an infill site within the Downtown Chattanooga and UTC area.
Redevelopment Potential
The site's size, configuration, frontage, and urban location create an opportunity for a buyer to evaluate a range of future redevelopment strategies, subject to zoning, permitting, and governmental approvals.
$2.0 Million Per Acre Asking Price
Offered at $1,620,000, equating to approximately $2.0 million per acre or $45.91 per land SF.
Additional Assemblage Opportunity
Neighboring 618 E Martin Luther King Blvd is also available separately, providing qualified buyers the opportunity to assemble approximately 1.10 acres along the MLK corridor.
Land. Location. Opportunity.
A strategic opportunity to control a sizable urban parcel near UTC and Downtown Chattanooga in an area with significant institutional, residential, commercial, and redevelopment activity.
Faits sur la propriété
| Prix | 2 255 963 $ CAD | Sous-type de propriété | Terrain commercial |
| Type de vente | Investissement ou propriétaire utilisateur | Taille totale du lot | 0,81 AC |
| Nombre de lots | 1 | Zone de développement économique |
Oui
|
| Type de propriété | Terrain | ||
| Zonage | Commercial | ||
| Prix | 2 255 963 $ CAD |
| Type de vente | Investissement ou propriétaire utilisateur |
| Nombre de lots | 1 |
| Type de propriété | Terrain |
| Sous-type de propriété | Terrain commercial |
| Taille totale du lot | 0,81 AC |
| Zone de développement économique |
Oui |
| Zonage | Commercial |
1 Lot disponible
Lot
| Prix | 2 255 963 $ CAD | Taille du lot | 0,81 AC |
| Prix par AC | 2 785 140,04 $ CAD |
| Prix | 2 255 963 $ CAD |
| Prix par AC | 2 785 140,04 $ CAD |
| Taille du lot | 0,81 AC |
±0.81-acre (35,283 SF) urban infill site with ±149' frontage on E MLK Blvd near UTC and Downtown Chattanooga. Offered at $1.62M. Neighboring 618 E MLK is also available, creating a potential ±1.10-acre assemblage.
Description
626 E Martin Luther King Blvd presents a compelling urban infill and redevelopment opportunity in the heart of Chattanooga. Offered at $1,620,000, the property consists of approximately 0.81 acres, or 35,283 square feet of land, with prominent frontage along E Martin Luther King Boulevard. The property's primary value lies in its land and strategic location near the University of Tennessee at Chattanooga. Positioned along the MLK corridor and immediately south of the greater UTC campus area, the site provides an opportunity to secure a sizable urban parcel near one of Downtown Chattanooga's most significant institutional anchors. With approximately 149 feet of frontage along E Martin Luther King Boulevard and a site extending approximately 440 feet, the property offers meaningful scale for an urban redevelopment opportunity. The site is well positioned for developers and investors seeking a long-term land position near UTC and Downtown Chattanooga. The neighboring property at 618 E Martin Luther King Blvd is also available separately, providing the opportunity to assemble approximately 1.10 acres, or 47,915 square feet of land, along the corridor. 626 E MLK is being marketed for its underlying land value and redevelopment potential. Existing improvements are located on the property, but are not the primary focus of the offering.
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626 Martin Luther King Blvd - 626 E MARTIN LUTHER KING BLVD, CHATTANOOGA
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