For sale

Price cut: $250K (6/25)

$2,300,000

320 W Hills Dr, Chattanooga, TN 37419

6beds

6,400sqft

$14,499/mo

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Mixed Use

Built in 1958

-- sqft lot

$-- Zestimate^®

$359/sqft

$-- HOA

What's special

ATTENTION ALL INVESTORS AND DEVELOPERS rare opportunity to develop a unique property. Unlock the potential of this exceptional 4.2-acre commercial parcel zoned C-1, perfectly positioned just off I-24 and only minutes from downtown Chattanooga. This highly accessible property offers outstanding visibility and convenience for a wide range of commercial uses. Situated on an elevated site, the property features stunning panoramic views overlooking Raccoon Mountain, providing a unique blend of commercial opportunity and scenic appeal--ideal for retail, hospitality, mixed-use development, or professional services. House has 6 bedrooms and 6 bathrooms and 6,200 sq ft of living space. You will not want to miss this property it is truly one of a kind. Bring your imagination and ideas to make this property a tourist attraction and add to the growing community. Sewer is available

221 days

255

5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1

Heating

Propane

Cooling

Window Unit(s)

Appliances

Included: Dryer, Dishwasher, Microwave, Refrigerator, Washer
Laundry: Electric Dryer Hookup, Lower Level, Laundry Room, Washer Hookup

Features

Eat-in Kitchen
Flooring: Hardwood
Has basement: No
Has fireplace: No

Interior area

Total structure area: 6,400
Total interior livable area: 6,400 sqft

Property

Parking

Parking features: Asphalt, Driveway, Gravel

Features

Levels: Two
Patio & porch: Front Porch
Exterior features: Rain Gutters, RV Hookup
Spa features: None
Fencing: None
Has view: Yes
View description: Golf Course, Mountain(s), Valley

Lot

Size: 4.2 Acres
Features: Few Trees, Sloped Down

Details

Additional structures: None
Parcel number: 153 007.03
Special conditions: Standard
Other equipment: None

Construction

Type & style

Home type: MultiFamily
Architectural style: Contemporary
Property subtype: Mixed Use

Materials

Vinyl Siding
Foundation: Block
Roof: Shingle

Condition

New construction: No
Year built: 1958

Utilities & green energy

Sewer: Septic Tank
Water: Public
Utilities for property: Electricity Connected, Water Connected

Community & HOA

Community

Features: Golf
Subdivision: None

HOA

Has HOA: No

Location

Region: Chattanooga

Financial & listing details

Price per square foot: $359/sqft
Tax assessed value: $345,300
Annual tax amount: $1,497
Date on market: 12/16/2025
Listing terms: Cash,Conventional
Tenant pays: None

Estimated market value

Not available

Estimated sales range

Not available

$1,537/mo

Price history

Date	Event	Price
6/25/2026	Price change	$2,300,000-9.8%$359/sqft
Source: Greater Chattanooga Realtors #1525324 Report a problem
4/19/2026	Price change	$2,550,000-1%$398/sqft
Source: Greater Chattanooga Realtors #1525324 Report a problem
4/2/2026	Price change	$2,575,000-2.8%$402/sqft
Source: Greater Chattanooga Realtors #1525324 Report a problem
1/21/2026	Price change	$2,650,000-5.4%$414/sqft
Source: Greater Chattanooga Realtors #1525324 Report a problem
12/16/2025	Listed for sale	$2,800,000+1144.4%$438/sqft
Source: Greater Chattanooga Realtors #1525324 Report a problem
3/7/2022	Sold	$225,000$35/sqft
Source: Public Record Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
5/16/2018	Sold	$225,000-73.8%$35/sqft
Source: Public Record Report a problem
2/9/2016	Listing removed	$860,000$134/sqft
Source: Owner #24056055 Report a problem
2/2/2016	Listed for sale	$860,000+421.2%$134/sqft
Source: Owner #24056055 Report a problem
12/4/2000	Sold	$165,000+16.8%$26/sqft
Source: Public Record Report a problem
4/4/1997	Sold	$141,250$22/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,317 -12%	$86,325 +29.8%
2024	$1,497 +0.6%	$66,525
2023	$1,488	$66,525
2022	$1,488	$66,525
2021	$1,488 -9.2%	$66,525 +12.2%
2020	$1,639	$59,275
2019	$1,639	$59,275
2018	$1,639	$59,275
2017	$1,639 +3%	$59,275
2016	$1,592	--
2015	$1,592	$57,575
2014	$1,592 -46.7%	--
2013	$2,987	$57,575 -2.2%
2012	$2,987	$58,875
2011	$2,987	$58,875
2010	$2,987 +7.9%	$58,875
2009	$2,770	$58,875 +12.2%
2008	--	$52,475
2007	--	$52,475
2006	--	$52,475
2005	--	$52,475 +96%
2004	--	$26,775
2003	--	$26,775
2002	--	$26,775
2001	--	$26,775 +39.6%
2000	--	$19,175

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 37419

Getting around

0 / 100

Car-Dependent

0 / 100

No Nearby Transit

22 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

7/10
Lookout Valley Elementary School
Grades: PK-5Distance: 3.1 mi
5/10
Lookout Valley Middle / High School
Grades: 6-12Distance: 2.3 mi

Schools provided by the listing agent

Elementary: Lookout Valley Elementary
Middle: Lookout Valley Middle
High: Lookout Valley High

Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.