School-to-Office Redevelopment
For Lease
$2,100,000
227 Library Lane, Johnson City, TN 37601
COMMERCIAL - Johnson City, TN
Space SizeContact for details
Property Size13,500 SF
Lot Size4.23 Acres
Days on Market50
Property Features for 227 Library Lane
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning
B3
Subdivision
Not In Subdivision
Directions
Head south on I-26 E from Tri Cities Crossing I-81 14.1 mi Take exit 23 to merge onto TN-91 S/E Market St 0.2 mi Turn right onto Colonial Way 207 ft Turn right onto Library Ln Destination will be on the left 227 Library Ln on Hill
Standard status
Active
APN
046m A 001.00
Size
13,500 SF
Lot size
4.23 Acres
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1993
Building materials
Block, Brick
Roof type
Tar/Gravel
Listing Agency:
Coldwell Banker Security Real Estate · Coldwell Banker Real Estate
(423) 282-2595
Listed By:
Seth Slagle · License #365948
(423) 534-4580
Added: Jun 17
Changed: Aug 4
Last Checked: Aug 4 at 11:06PM
MLS# 9996943
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is a former girls facility with approximately 11,500 square feet of existing improvements. The building includes multiple classrooms and restrooms, along with a full commercial kitchen featuring a break room, plus a gymnasium with a stage. The site supports flexible tenancy, with the option to lease as a shell for a single tenant or as multiple tenant configurations, depending on the user’s plan. The owner can also accommodate custom development of a 5- to 10-story building.
Located on one of downtown Johnson City’s highest elevations, the property offers wide 360-degree views of Buffalo Mountain and downtown Johnson City. It is served by a private drive and includes ample on-site parking. The property is zoned B-3 Commercial and is described as having strong visibility from Interstate 26, supporting signage and branding. Public water, sewer, natural gas, and electricity are available on site.
For tenants and operators, the existing layout may support office, medical, institutional, or adaptive reuse use cases, with turnkey back-of-house components such as a commercial kitchen and break room. For developers, the combination of B-3 zoning and described minimal setback and no height restrictions creates flexibility for a range of commercial concepts, subject to applicable approvals.
Located on one of downtown Johnson City’s highest elevations, the property offers wide 360-degree views of Buffalo Mountain and downtown Johnson City. It is served by a private drive and includes ample on-site parking. The property is zoned B-3 Commercial and is described as having strong visibility from Interstate 26, supporting signage and branding. Public water, sewer, natural gas, and electricity are available on site.
For tenants and operators, the existing layout may support office, medical, institutional, or adaptive reuse use cases, with turnkey back-of-house components such as a commercial kitchen and break room. For developers, the combination of B-3 zoning and described minimal setback and no height restrictions creates flexibility for a range of commercial concepts, subject to applicable approvals.
Key Highlights
- 4.23‑acre B‑3 Commercial site with approximately 11,500 SF of existing improvements and ample on‑site parking
- Available for lease for single tenant (shell) or multiple tenants; owner can accommodate custom development of a 5- to 10‑story building
- Existing facility includes multiple classrooms, restrooms, a full commercial kitchen with break room, and a gymnasium with a stage
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,610
Businesses Nearby
Explore this area
Business Placement
Demographics for 37601, TN
37,079
Population
18,153
Households
2
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
47.7 sq mi
ZIP Area
777
Density / Sq Mi
$49,658
Median Household Income
$32,312
Median Earnings
$892
Median Rent
$187,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
School - Former girls facility with existing classrooms and kitchen, on 4.23 acres zoned B-3 for flexible lease or redevelopment.
Where is this school located?
The property is located at 227 Library Lane Johnson City, TN.
What is the lease rate?
The lease rate is $2,100,000.
What are key features of this property?
This property features: 4.23‑acre B‑3 Commercial site with approximately 11,500 SF of existing improvements and ample on‑site parking; Available for lease for single tenant (shell) or multiple tenants; owner can accommodate custom development of a 5- to 10‑story building; Existing facility includes multiple classrooms, restrooms, a full commercial kitchen with break room, and a gymnasium with a stage
