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7356 Lee Hwy 67 Unit Mobile Home Park For Sale Chattanooga, TN 37421
Investment Highlights
- Property has been in the same family since 1950, originally a farm.
Executive Summary
Mobile home park with redevelopment opportunity. Prime redevelopment site with excellent access to I-75 at Exit 7 (Bonnie Oaks) and Exit 5 (Shallowford Road), currently zoned R-MH under Chattanooga’s updated -new zoning… Note: the zoning change is currently under a grace period, see link below for more details. Previously zoned R-3, offering potential for up to 24 units per acre suggest a high possibility of successful rezone to the new RN-3, allowing for up to 45 units per acre. Assuming a realistic single phase density of 300 garden style units. https://chcrpa.org/news/new-zoning-map/
Property Facts
| Sale Type | Investment | Lot Size | 14.83 AC |
| Sale Condition | Redevelopment Project | Building Size | 35,316 SF |
| No. Units | 67 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1960 |
| Building Class | C | ||
| Zoning | COMM - Commercial | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 67 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 14.83 AC |
| Building Size | 35,316 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
| Zoning | COMM - Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 67 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 139J-C-007 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $740,190 |
Property Taxes
Parcel Number
139J-C-007
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$740,190
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Contact the Sale Advisor
7356 Lee Hwy