Chickamauga Lake Auction - 7 Lots
Tract Sizes from 5 to 8 acres
Motivated Out of Town Owner
Must sell for Corporate Dissolution
Property Address: 7035 Glover Rd - Chattanooga
Auction Date: Thursday May 18th, 2017 at 6pm
Auction Location: SpringHill Suites Marriott
495 Riverfront Parkway - Chattanooga, TN 37402
OPEN HOUSE SCHEDULE:
Saturday May 6th 12:00 to 4:00
Sunday May 7th 12:00 to 4:00
Saturday May 13th 12:00 to 4:00
Sunday May 14th 12:00 to 4:00
Do not miss this unique opportunity. This parcel of land has never been offered for sale divided into smaller tracts.
CLICK HERE to view, print or download the Property Information Package CLICK HERE to view, print or download the Title Policy Statement CLICK HERE to view the Road/Access/Utilities/Maintenance Agreement
This property is one of the last remaining larger tracts within the Chickamauga Reservoir and no other available property is this well located relative to Chattanooga. Future owners of these tracts will have superior privacy and lake front footage that is unheard of in this market.
The land was originally purchased from the Tennessee Valley Authority in 1945 by the Provident Life and Accident Company (Provident Club) in 1945. The property was then improved with a club house, swimming pool, tennis courts, basketball court, several pavilions, several docks, a boat ramp, a care takers residence and other recreational use structures. Many years later, Provident gave the property to the YMCA who subsequently sold it to the present owners, YNOT, LLC.
The YNOT lake property is spectacular, consisting of approximately 44.5 rolling, wooded Chickamauga Reservoir acres with over 3,400 linear feet of shoreline on the 685.44’ contour. This property has never before been available in smaller tracts and this auction presents a once in a lifetime opportunity. The property has been preliminarily divided into 7 smaller tracts, each in excess of five acres and each accessed by a fifty foot wide ingress/egress and utility easement that runs primarily along existing roadways. Only one of the tracts will require additional road construction for access.
To get to the property, take Highway 58 from Highway 153 to its intersection with Hickory Valley Road. Go left at the Mapco Mart (see auction sign) and take Hickory Valley Road to its terminus at Harrison Pike/Glover Road. Merge onto Glover Road and follow it all the way to the entrance to the YNOT property. Utilities provided on Glover Road include a six inch water line and overhead power.
10% Buyer's Premium - TN Firm License # 4513
Karl Sodergren - Auctioneer - TN License # 6300