Gray, TN Commercial Real Estate for Sale

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Updated: May 1

Versatile Mixed-Use Property, Johnson City

1306 Milligan Highway, Johnson City, TN 37601

$364,500

2,470 sqft 0.41 AC lot

Office building with apartment and two lots on Milligan Highway.
Functional office space with half bath.
Apartment with bathroom, kitchen/dining area, living room, laundry room, and separate access.
Mini‑split in the apartment.
Good size parking area with carport and easy access to Milligan Highway.

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This listing looks promising.

Here's a quick look at some key insights for

1306 Milligan Highway, Johnson City, TN 37601

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Est. Cap Rate

8.2%
Above avg (5.9%)
Est. NOI

$30K
Annual
Mortgage

$33K
Recorded
Property Type

Retail Stores
Built 1946

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Updated: Jun 10

Multi-Level Restaurant and Event Venue

4903 N Roan Street, Johnson City, TN 37615

$650,000

5,524 sqft 1.84 AC lot

Commercial property on 1.84 acres with a creek running through the site.
Located on Hwy 36 with approximately 14,000 vehicles passing daily; convenient access about 2 miles to I‑26 Exit 17.
More than 5,500 finished SF across three levels, built in 1984.
Includes a full‑service bar area on the lower level and an equipped commercial kitchen with walk‑in cooler, freezer, and pizza oven.
Outdoor amenities include expansive decking with a stage and a large gravel parking and gathering area.

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Commercial Property in Gray, TN

127 129 Cherry Street, Gray, TN 37615

$525,000

4,976 sqft 0.85 AC lot

Commercial space in Gray, TN, suitable for retail or automotive.

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Commercial Space with Development Potential

5602 Kingsport Highway, Gray, TN 37615

$879,900

7,832 sqft 1.08 AC lot

Versatile commercial space in Gray, TN with development opportunity.

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Multi-Use Restaurant and Event Venue

4903 Roan Street, Johnson City, TN 37615

$650,000

5,524 sqft 1.84 AC lot

Visible, creekside three-level facility with full kitchen, bar, and outdoor event space for restaurant, hospitality, or catering use.

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Johnson City Commercial Opportunity

3100 N Roan Street, Johnson City, TN 37601

$849,900

5,292 sqft 0.88 AC lot

5,200 SF commercial building with high visibility and ample parking.

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Renovated Office Building, Johnson City

2710 S Roan Street, Johnson City, TN 37601

$849,000

11,104 sqft 1.03 AC lot

Turn-key 11,104 SF office building in Johnson City, TN.

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B-4 Zoned Commercial Land Tract

6089 Bristol Highway, Johnson City, TN 37659

$954,000

2,301 sqft 3.50 AC lot

3.5-acre B-4 commercial site with existing residence and outbuildings, positioned along Bristol Highway for strong visibility.

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Downtown Johnson City Office Building

200 W Fairview Ave, Johnson City, TN

$580,000

4,769 sqft 0.25 AC lot

Office building for sale in downtown Johnson City Opportunity Zone.

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Commercial Warehouse with Gated Yard

104 Center Street, Johnson City, TN 37615

$665,000

5,000 sqft

Well-maintained warehouse with large garage door, offices, HVAC, and a gated, fully fenced lot for secure access.

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High Exposure Commercial Opportunity

3096 N Roan Street, Johnson City, TN 37601

$835,000

8,312 sqft 2.30 AC lot

Prime commercial land with high visibility and traffic.

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Johnson City Office Building For Sale

3212 Hanover Rd, Johnson City, TN 37604

$750,000

7,052 sqft

7,052 SqFt office building available in Johnson City, Tennessee.

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Revitalized West Walnut Commercial Space

718 W Walnut Street, Johnson City, TN 37604

$1,272,500

8,120 sqft 0.71 AC lot

Prime commercial space in Johnson City's revitalized West Walnut district.

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Multi-Tenant Retail Investment Property

2617 N Roan Street, Johnson City, TN

$1,474,400

5,015 sqft 0.69 AC lot

5,015 SF retail property with two established tenants.

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Corner Retail Condo with Large Windows

124 Tipton Street, Johnson City, TN 37604

$360,000

1,475 sqft

Main-level commercial condo with open layout, high ceilings, and storefront windows wrapping two sides on a downtown corner.

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Multi-Tenant Office Building

1001 N Roan Street, Johnson City, TN 37601

$400,000

2,600 sqft

A commercial office building offering eight individual suites, each with a private entrance and its own heating and air.

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Flex Space with Truck Dock

5602 Kingsport Hwy, Johnson City, TN 37615

$879,900

7,832 sqft 1.08 AC lot

Built-out upper showroom and offices pair with a temperature-moderate lower level and truck dock for efficient loading.

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Downtown Johnson City Commercial Building

83 Buffalo Street, Johnson City, TN 37604

$1,200,000

9,108 sqft

Commercial building in revitalized downtown Johnson City with high foot traffic.

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Medical Office Condo in Med Tech

110 Corporate Drive, Johnson City, TN

$595,000

4,136 sqft 0.28 AC lot

Two-story office condo in Med Tech Park available for lease.

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Southside Plaza Shopping Center

1950 S Roan Street, Johnson City, TN 37601

$5,000,000

54,295 sqft 4.30 AC lot

Established shopping center with long-term tenants and high occupancy.

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Take 5 Oil Change Investment

2306 Browns Mill Rd, Johnson City, TN

$1,187,000

1,421 sqft 0.47 AC lot

NNN ground lease with a strong, growing tenant.

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Remodeled Retail Building with Garage Door

331 W Walnut Street, Johnson City, TN 37604

$559,900

3,500 sqft 0.08 AC lot

Remodeled storefront building with brand-new HVAC, updated electrical, and rear loading access for flexible retail or creative use.

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NNN Lease Investment Opportunity

3201 Peoples St, Johnson City, TN 37604

$2,661,905

3,120 sqft

Long-term NNN lease with structured rental increases in high-traffic area.

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Downtown Johnson City Mixed-Use Building

140 W Market Street, Johnson City, TN 37604

$600,000

5,000 sqft 0.05 AC lot

Two-story, 5000 sq ft mixed-use building in downtown Johnson City.

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Gray, TN Commercial Real Estate Market Trends and Statistics

Explore 96 commercial real estate for sale in Gray, TN, showcased through 96 active listings on our real estate platform. These investment opportunities span a total of 308,520 square feet of properties for sale, with an estimated market value of $59,571,450.

Sale prices for business properties in Gray, TN start at $275,000, averaging $1,418,367, and reaching up to $5,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 22K

Population Growth (5Y) +0.9%

Median Household Income $75,556

College Educated 57.0%

High-Yield Neighborhoods for Investment

Identify Gray submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Johnson City - 37615	$784.9K

Listings Trend

New vs delisted commercial listings in Washington County

New Delisted

Total CRE Inventory on Market (SF)

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