Hixson TN 37343 Homes are Selling So Commercial Will Follow
New Homes are Selling in Hixson, TN 37343
Hixson TN 37343 Homes are selling. 78 Homes sold with a price greater than $200,000 (so far in 2013). The same time period in 2012 had only 54 homes sales that were greater than $200,000. 44% increase is double the area Hamilton County average. The average home in this price range in Hixson sales for $97 a square foot. The average year built is 1994.
The challenge for Hixson is available land for new growth. New construction is always a great indicator of the economic strength of an area. Since January 0f 2012, Hixson home shoppers bought over 2 new homes a month over $200,000. There are 11 newer homes for sale. (late August 2013). There are only 5+ months of inventory of New Homes. Popular new home neighborhoods are as follows:
Creeks Bend Village,
The only neighborhoods with any new homes for sale are Amber Brook and Dreamcatcher.
Amber Brook is a town home community that features one level homes. The “Walden” floor plan features 3 bedrooms, 2 baths, a front loading 2 car garage with 2,063 square feet for $247,900. James Pratt is the home builder. Amber Brook is located near the intersection of Hixson Pike and Cassandra Smith Road.
Dream Catcher is a more “traditional” single family neighborhood. GT Isaa is building a 2,650 square foot home with 4 bedrooms and 2.5 bathrooms for $289,900. GT Issa’s home is represented by Remax and features a master suite on main level with 2 bedrooms, bonus and bathroom upstairs.
Hixson, TN is located in the city limits of Chattanooga. It is located just North of Chattanooga. Commuters from downtown come into Hixson by Hixson Pike, Dupont Parkway and Access Road, Highway 127 and Highway 153. Retail anchors include Northgate Mall, Wal-Mart at Oak Park Town Center, Target on 153, Highland Plaza on Hixson Pike and Ashland Terrace.
New Home Sales Drive Commercial and Retail Growth
Office space for businesses is being created just off Hamill Road at Oasis Park, and behind Northgate Mall. Established office space is available in Hixson Commons. I am representing a seller in a professional office complex named Hixson Commons. The space for sale was a former Beltone hearing aid center and an Acupuncture clinic. It features 2 large exam rooms or offices, a third office in rear adjacent to a full bath and rear entrance. The space also features a kitchen area, soundproof test room and receptionist area with waiting room and another patient half bath. That space is listed at $149,000. Hixson Commons is located at 4513 Hixson Pike, Hixson, TN 37343. Other tenants in the this brick office complex include medical, law and financial services.
CBL purchased Northgate Mall in the fall of 2011 for $11.5 Million Dollars. Northgate was built in 1972 and is just over 800,000 square feet. CBL owns Hamilton Place and it marks a sound investment as a company that has stewarded retail establishments across the country.
Liberty Commercial Real Estate is representing a one acre parcel of level ground on Access Road. Currently the use is Ramsey’s Produce, a plant, fruit and vegetable market. The ground and building are for sale for $304,000. The former Smokin Ed’s BBQ building located at 3874 Hixson Pike. The building is priced to sell at $168,000.
Hixson property is being sold and re-purposed as the needs of the home owners change. Hixson is between a growing Soddy Daisy in North Hamilton County and downtown Chattanooga. As builders find land and take the risk to build the homes sell. The area has solid retail hubs and is growing up more professional spaces for offices and medical use. Hixson Tennessee homes are selling so commercial will be right behind that growth.