$3,000,000
$500K PRICE DROP

Estimated payment $16,696/month

Total Views 17,540
6 Acres
$462,250 Price per Acre
282,704 Sq Ft Lot

Highlights

  • 6.49 Acre Lot
  • No HOA
  • Level Lot
  • Wooded Lot

About This Lot

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. This opportunity is surrounded by established, new, and upcoming developments like The Overlook, The Enclave at Riverview, and new Riverton Farms, an incredible luxury riverfront community. This gated community is currently in progress with construction starting soon. Schedule your private tour to maximize this Chattanooga investment opportunity! (*Anticipated updated zoning to RN-3 allows for potential density of 297 units. Any and all property lines on photos are simulated and are approximate. Some images may be virtually staged. Buyer is responsible to do their due diligence to verify that all information is correct, accurate and for obtaining any and all restrictions for the property deemed important to Buyer.)

Listing Agent

Todd Henon

Keller Williams Realty License #280357 Listed on: 10/25/2024

Keller Williams Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,526

Lot Details

  • 6.49 Acre Lot
  • Level Lot
  • Wooded Lot
  • Many Trees
  • Property is zoned R-3

Location

  • Flood Zone Lot

Schools

  • Rivermont Elementary School
  • Red Bank Middle School
  • Red Bank High School

Utilities

  • Gas Available
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 118f C 048

Property Details

Property Type

Land

Est. Annual Taxes

$1,526

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 6.49
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Directions: From Downtown Chattanooga: Take Veterans Bridge across the river. In 2 miles, keep left onto Hixson Pike. In 3 miles, turn right onto Lupton Drive. Property is on the left.
  • Location Tax and Legal Parcel Number2: 118f C 048
  • Location Tax and Legal Elementary School: Rivermont Elementary
  • Location Tax and Legal Middle Or Junior School2: Red Bank Middle
  • Location Tax and Legal High School: Red Bank High School
  • Location Tax and Legal:Tax Annual Amount: 1525.68
  • Location Tax and Legal Additional Parcels YN: No
  • General Property Information Lot Size Acres: 6.49
  • General Property Information Lot Size Square Feet2: 282704.4
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Water Source:Public: Yes
  • General Property Information Senior Community YN2: No
  • Utilities Phone Available: Yes
  • Sewer:Public Sewer: Yes
  • General Property Information Flood Zone YN2: Partial
  • Utilities:Water Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities:Sewer Available: Yes
  • Location Tax and Legal Zoning2: R-3
  • Location Tax and Legal Zoning Description2: Residential Apartment/Townhouse District
  • Special Features: None

Exterior Features

  • Lot Features: Gentle Sloping, Level, Many Trees, Sloped, Wooded, Will Not Divide
  • View: No
  • Waterfront: No
  • Other Structures: None
  • Lot Features:Level: Yes
  • Lot Features:Gentle Sloping: Yes
  • Lot Features:Wooded: Yes
  • Lot Features:Sloped: Yes
  • Lot Features:Many Trees: Yes

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Rivermont Elementary
  • High School: Red Bank High School
  • Middle Or Junior School: Red Bank Middle

Lot Info

  • Lot Size Sq Ft: 282704.4
  • Additional Parcels: No
  • Parcel #: 118f C 048
  • Zoning Description: Residential Apartment/Townhouse District
  • Zoning: R-3

Tax Info

  • Tax Annual Amount: 1525.68

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 Price Changed $3,000,000 -14.3% --
10/25/2024 10/25/24 For Sale $3,500,000 -- --
Source: Greater Chattanooga REALTORS®

Source: Greater Chattanooga REALTORS®

MLS Number: 1502278

Greater Chattanooga REALTORS®