Harrison Development Site

Capstone is pleased to present the Harrison Development Site, a 14.40-acre site located in Harrison, TN, fully entitled, engineered, and permitted for the development of 311 multifamily units. The site is shovel-ready with all necessary permits, including a site plan valid through January 2025, and utility infrastructure such as water, gas, and electricity already in place. Offering spacious 1, 2, and 3-bedroom units—ideal for families and professionals—the project also includes desirable amenities like a clubhouse, pool, and fitness center. Positioned across from Harrison Elementary and Central High School, this development is perfectly suited for families seeking convenient access to education. Strategically located along Highway 58, the site offers excellent visibility with over 25,000 vehicles per day and sits within the Outlying Hamilton County submarket, known for commanding the highest rents in the Chattanooga MSA. Additionally, new construction rents in the immediate area average $1,842 per unit, providing strong revenue potential for investors. Proximity to natural attractions like Chickamauga Lake and Booker T. Washington State Park further enhances the site’s appeal, making it an ideal location for a high-quality multifamily development.

Investment Highlights:

Shovel-Ready Site | LDP open through 1/25/25

Finalized Civil, Architecture, and Construction Documents

Unit Mix and Amenities

Permits Secured and Fees Paid: In-Place Permits

Strategic Location in a Strong Submarket

Seller Open to Joint Venture