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801 North Buffalo St Erwin, TN 37650

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For Sale
$575,000

0.63 acre commercial land parcel with high visibility.

Lot size:
0.63 Acres

Property Features for 801 North Buffalo St

General Information

Lot size
0.63 Acres

Source: Justin Sterling Agent Justin Sterling

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Prime Commercial Land Opportunity

This 0.63-acre parcel offers ample space for retail, office, medical office, or a restaurant with outdoor seating. The lot's manageable size ensures cost-effective development while providing flexibility for creative designs, parking, and landscaping. The site measures approximately 183 feet wide by 152 feet deep. Road frontage along a busy thoroughfare ensures maximum exposure to both local residents and the thousands of tourists visiting the region annually. Its proximity to I-26 and key attractions like the Appalachian Trail and Nolichucky River makes it a magnet for traffic and drive-by visibility. The location's proximity to a mix of established retailers and restaurants suggests that it benefits from the existing retail ecosystem, attracting a steady stream of vehicle traffic and potential customers. The site is highly visible to Interstate 26 as it sits at the base of exit 37. Located within both a Qualified Census Tract (QCT) and a federally designated Opportunity Zone, this site presents a highly strategic development opportunity. The investment is ideal for capital partners seeking both upside and tax-advantaged structures. The eligibility opens the door for capital gains tax deferral and potential basis step-up, making it attractive to a wide range of institutional, private equity, and high-net-worth investors. The property is nestled in the scenic Appalachian Highlands and part of the Tri-Cities region in a strategic Opportunity Zone and Qualified Census Tract. Jonesborough Road (US-19/US-23) is a significant route that connects Erwin with surrounding areas, including Johnson City to the north. This road experiences a consistent flow of both local and commuter traffic, making the location visible to a large number of potential customers. The IRR is flat, and zoned b-2 (Arterial Business). The parcel is a highly developable, level, street grade rectangle shape.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Erwin
County
Unicoi
State
Tennessee
Longitude
-82.417845
Latitude
36.153052

FAQs

What type of property is this?
Commercial land - 0.63 acre commercial land parcel with high visibility.
Where is this commercial land located?
The property is located at 801 North Buffalo St Erwin, TN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: - Strategic location in both a Qualified Census Tract (QCT) and a federally designated Opportunity Zone, offering significant tax advantages and incentives for investors.; - **High visibility and road frontage on Jonesborough Road (US-19/US-23)** with substantial traffic flow, ensuring maximum exposure to local and tourist traffic.; - Convenient access to Interstate 26 (Exit 37), the Appalachian Trail, and the Nolichucky River, attracting a steady stream of potential customers.
More about this property
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