R-3 Zoned Residential Development
For Sale
$1,399,000
2803 Browns Mill Road, Johnson City, TN 37604
Zoned R-3 farmland with water and sewer at the road and approved plans for 72 apartment units.
Property Size457,378 SF
Lot Size10.50 Acres
Price / SF$3.06
Days on Market128
Property Features for 2803 Browns Mill Road
General Information
Standard status
Active
Size
457,378 SF
Lot size
10.50 Acres
Property subtype
Land
Zoning
R 3
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
72
Taxes and HOA fees
Annual Taxes
$1,972
Amenities
.00
Listing Agency:
Coldwell Banker Security Real Estate
(423) 446-0148
Listed By:
Jason Johnston · License #00257969
(423) 446-0148
Source:
Compass
Added: Apr 7
Changed: Aug 8
Last Checked: Apr 8 at 9:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Security Real Estate
Investment Insights
Based on property information with market context.
This residential development land is currently zoned R-3 and consists of 10.5 rolling acres of farmland. The site features a running spring and has water and sewer available at the road. City-approved plans are already in place for 72 apartment units, with the ability to begin construction quickly.
The property is located just 1 mile off I-26 near the State of Franklin Exit and the Roan St exit. It is also described as being close to ETSU, the Medical Center, and the VA Hospital, with shopping and dining minutes away.
For buyers looking for an entitlements-forward redevelopment parcel, the combination of R-3 zoning, utilities at the road, and approved 72-unit plans is a key consideration.
The property is located just 1 mile off I-26 near the State of Franklin Exit and the Roan St exit. It is also described as being close to ETSU, the Medical Center, and the VA Hospital, with shopping and dining minutes away.
For buyers looking for an entitlements-forward redevelopment parcel, the combination of R-3 zoning, utilities at the road, and approved 72-unit plans is a key consideration.
Key Highlights
- 10.5‑acre rolling farmland with a running spring
- Water and sewer available at the road
- Currently zoned R‑3
Property Analytics
Current Use
Lease Details
72
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
Explore this area
Business Placement
Demographics for 37604, TN
37,025
Population
19,334
Households
1.9
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
33.0 sq mi
ZIP Area
1,122
Density / Sq Mi
$49,351
Median Household Income
$31,863
Median Earnings
$950
Median Rent
$231,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Zoned R-3 farmland with water and sewer at the road and approved plans for 72 apartment units.
Where is this residential land & home lot located?
The property is located at 2803 Browns Mill Road Johnson City, TN.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 10.5‑acre rolling farmland with a running spring; Water and sewer available at the road; Currently zoned R‑3
