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4930 Meridian 5.08 Acres of Commercial Land Offered at $1,600,000 in Ooltewah, TN 37363
INVESTMENT HIGHLIGHTS
- New 5-lane signalized expansion on Hwy 317 with estimated 19,694 VPD
- Over 8,150 new residential units approved or under construction in the trade area.
- Summit Sports Complex (excess of 2 million visitors annually) is located diagonal on Meridian Drive.
- 5.08 acres are suited for retail, office, medical uses.
EXECUTIVE SUMMARY
5.08 Acres – Prime Development Opportunity
Positioned for exceptional growth, this 5.08-acre parcel offers unmatched potential for retail, office, or medical development in a rapidly expanding trade area. With over 8,150 new residential units approved or under construction nearby, the site is perfectly situated to capture significant consumer demand and long-term value. The property benefits from a new five-lane, signalized expansion on Highway 317, delivering superior visibility and access with an estimated traffic count of 19,694 vehicles per day.
Adding to its strategic advantage, the Summit Sports Complex—drawing more than 2 million visitors annually—is located diagonally across Meridian Drive, creating a steady stream of potential customers and brand exposure. This combination of high traffic, strong residential growth, and proximity to a major regional attraction makes the site ideal for a wide range of commercial uses. Developers and investors will appreciate the scalability, accessibility, and future-proof positioning of this rare offering.
Positioned for exceptional growth, this 5.08-acre parcel offers unmatched potential for retail, office, or medical development in a rapidly expanding trade area. With over 8,150 new residential units approved or under construction nearby, the site is perfectly situated to capture significant consumer demand and long-term value. The property benefits from a new five-lane, signalized expansion on Highway 317, delivering superior visibility and access with an estimated traffic count of 19,694 vehicles per day.
Adding to its strategic advantage, the Summit Sports Complex—drawing more than 2 million visitors annually—is located diagonally across Meridian Drive, creating a steady stream of potential customers and brand exposure. This combination of high traffic, strong residential growth, and proximity to a major regional attraction makes the site ideal for a wide range of commercial uses. Developers and investors will appreciate the scalability, accessibility, and future-proof positioning of this rare offering.
PROPERTY FACTS
| Price | $1,600,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 5.08 AC |
| Property Type | Land | ||
| Zoning | C-1 - Commercial- No Resi | ||
| Price | $1,600,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 5.08 AC |
| Zoning | C-1 - Commercial- No Resi |
1 LOT AVAILABLE
Lot
| Price | $1,600,000 | Lot Size | 5.08 AC |
| Price Per AC | $314,960.63 |
| Price | $1,600,000 |
| Price Per AC | $314,960.63 |
| Lot Size | 5.08 AC |
5.08 acres are suited for retail, office, medical uses.
DESCRIPTION
Growing area with a need for medical or hospital facilities.
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4930 Meridian
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