Prime North Chattanooga Development Opportunity - Approx. 2 Acres Near Downtown Chattanooga - Rare opportunity to acquire approximately 2 acres in highly desirable North Chattanooga, just minutes from the heart of downtown Chattanooga. Positioned in one of the city's fastest-growing and most sought-after areas, this property offers exceptional potential for residential, mixed-use, or investment development. Surrounded by continued growth, revitalization, and new construction, the property combines convenience, accessibility, and long-term upside. Located near the vibrant North Shore district, Coolidge Park, shopping, dining, entertainment, and the Tennessee Riverfront, this location continues to attract homeowners, investors, and developers alike. The property offers strong development appeal with convenient access to major roadways, downtown Chattanooga, and surrounding communities. With approximately 2 acres of usable land, the possibilities are substantial for townhomes, luxury residences, multifamily development, or a boutique community concept (buyer to verify zoning and development options). Highlights Include: • Approx. 2 acres in North Chattanooga • Minutes to Downtown Chattanooga • Strong growth and redevelopment corridor • Excellent investment and development potential • Convenient access to restaurants, shopping, parks, and entertainment • Desirable location with increasing demand for housing and mixed-use projects • Opportunity for builders, developers, or investors seeking prime Chattanooga real estate Chattanooga continues to experience significant downtown and surrounding area redevelopment, with strong demand for residential growth and urban-style living. North Chattanooga remains one of the city's premier locations for investment and future appreciation. Whether you are looking to develop immediately or hold for future value, this property presents an outstanding opportunity in one of Chattanooga's most dynamic markets.
Contingent
$250,000
516 Ladd Ave, Chattanooga, TN 37405
6beds
700sqft
Single Family Residence
Built in 1983
1.97 Acres Lot
$249,600 Zestimate®
$357/sqft
$-- HOA
What's special
- 114 days
- 20
- 0
Zillow last checked:
Listing updated:
Listed by:
Cindi Richardson 423-280-1442,
Richardson Group 423-790-7979
Source: Greater Chattanooga Realtors,MLS#: 1535841
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric
Cooling
- See Remarks
Appliances
- Included: Dishwasher, Electric Range
- Laundry: See Remarks
Features
- See Remarks
- Flooring: Carpet, Vinyl
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 700
- Total interior livable area: 700 sqft
- Finished area above ground: 1,800
Property
Parking
- Parking features: Driveway
Features
- Levels: Multi/Split
- Exterior features: Other
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 1.97 Acres
- Dimensions: 144 x 360 x 435 x 42 x 254 x 156
- Features: Cleared, Sloped, Wooded
Details
- Additional structures: Outbuilding
- Parcel number: 135b F 011
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: See Remarks
Condition
- Fixer
- New construction: No
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Natural Gas Available, Water Connected
Community & HOA
Community
- Features: None
- Subdivision: Valhambrosia
HOA
- Has HOA: No
Location
- Region: Chattanooga
Financial & listing details
- Price per square foot: $357/sqft
- Tax assessed value: $185,100
- Annual tax amount: $1,594
- Date on market: 6/1/2026
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Estimated market value
$249,600
$237,000 - $262,000
$1,891/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Pending sale | $250,000$357/sqft |
Source: | ||
| 6/1/2026 | Listed for sale | $250,000$357/sqft |
Source: | ||
| 6/1/2026 | Contingent | $250,000$357/sqft |
Source: | ||
| 5/28/2026 | Listed for sale | $250,000$357/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $701 +23.1% | $46,275 +81.6% |
| 2024 | $570 | $25,475 |
| 2023 | $570 | $25,475 |
| 2022 | $570 | $25,475 |
| 2021 | $570 +152.9% | $25,475 +212.6% |
| 2020 | $225 | $8,150 |
| 2019 | $225 | $8,150 |
| 2018 | $225 -58.1% | $8,150 |
| 2017 | $537 +6% | $8,150 |
| 2016 | $507 | -- |
| 2015 | $507 | $7,725 |
| 2014 | $507 +18.6% | -- |
| 2013 | $428 | $7,725 -8.3% |
| 2012 | $428 | $8,425 |
| 2011 | $428 | $8,425 |
| 2010 | $428 +7.9% | $8,425 |
| 2009 | $396 | $8,425 +5.6% |
| 2008 | -- | $7,975 |
| 2007 | -- | $7,975 |
| 2006 | -- | $7,975 |
| 2005 | -- | $7,975 +54.1% |
| 2004 | -- | $5,175 |
| 2003 | -- | $5,175 |
| 2002 | -- | $5,175 |
| 2001 | -- | $5,175 +5.6% |
| 2000 | -- | $4,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 37405
Nearby schools
Schools provided by the listing agent
- Elementary: Red Bank Elementary
- Middle: Red Bank Middle
- High: Red Bank High School
Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.



