Development opportunity in the heart of old town Ooltewah/Collegedale! 5.24 Flat Acres with 387 feet of road frontage on Ooltewah Ringgold Rd. 2 parcels away from Ooltewah Middle and Wolftever Elementary. Could easily be rezoned for an estimated 14 single family homes or estimated 24 townhomes, used as commercial, or multi-family. Property has a 2300 square foot 3 bed 2 bath home plus a 4 car garage with 1150 square foot 4 bed 1 bath apartment above it and in ground pool. Home and apartment are currently lived in, however, extensive remodeling is needed on the exterior and interior. No value given to home. There is a creek along the right side of the property, however, not in a flood zone/no flood insurance needed. Great Pocket neighborhood or townhome/duplex community possibilities here with easy access to I75, VW, Amazon, Little Debbie, and everything Ooltewah! The need for housing is imminent, take advantage of this opportunity today! Additional Acreage available from neighboring parcels for sale.
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