700 E 10th St is aland property for lease in Chattanooga, TN.
Excellent development site within walking distance of the expanding UTC campus and downtown amenities. Located one block south of MLK Blvd.
This site is 1.6 Acres +/-. Together with the adjacent parcels, available from separate willing sellers, there is a potential assemblage of 2.83 Acres +/-.
Great opportunity to tap into the unmet demand for multifamily rental units for both student and workforce housing.
The subject site lies within the boundary for the Downtown Chattanooga Residential Payment in Lieu of Taxes Program, which is a financial incentive that is designed to encourage multi-family rental development, while also promoting the construction of affordable units, in and around the Downtown Chattanooga program boundaries by “freezing” property taxes at the predevelopment level for a predetermined period of time.
The subject site lies within Census Tract 124, which is a Qualified Census Tract for the LIHTC program.
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- Joseph V Williams, agent and Rofo Pro