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Mixed-Use Property with Gymnasium

227 Library Lane, Johnson City, TN 37601

For Lease
$2,200,000

Commercial Lease, Johnson City, TN

Space SizeContact for details
Lot Size5.13 Acres
Days on Market147

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 & 046m A 011.00
Size 13,500 SF
Lot size 5.13 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
Listed By: Seth Slagle · License TN #365948
Added: Jun 17 Changed: Sep 29 Last Checked: Nov 10 at 10:06AM
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.

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Investment Insights

Based on property information with market context.

Available for lease, this B3-zoned mixed-use property spans two parcels totaling 5.13 acres. The 13,500-square-foot building, constructed in 1993, contains classrooms, restrooms, a commercial kitchen, a break room, and a gymnasium with a stage. Existing improvements can support occupancy or adaptation while redevelopment plans are considered.

Access is available from Water Street and Library Lane via a private drive. The property is within walking distance of downtown Johnson City and has visibility from Interstate 26. Public water and sewer serve the site; the listing also identifies natural gas and electricity.

Key Highlights

  • 5.13 acres across two parcels, zoned B3
  • 13,500‑square‑foot building constructed in 1993
  • Classrooms, restrooms, commercial kitchen, and break room

Property Analytics

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Current Use

Girls Inc of Johnson ... Charitable Organization

Suggested Use

Top Pick Big Box & Wholesale Store Grocery & Convenience Store Storage Facility Building Supply (Bike/Boat/Book/etc) Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Mixed-use property - B3-zoned site combines substantial existing improvements with room for redevelopment.
Where is this mixed-use property located?
The property is located at 227 Library Lane Johnson City, TN.
What is the lease rate?
The lease rate is $2,200,000.
What are key features of this property?
This property features: 5.13 acres across two parcels, zoned B3; 13,500‑square‑foot building constructed in 1993; Classrooms, restrooms, commercial kitchen, and break room
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