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    Andrew Johnson Hwy Greeneville, TN 37745

    Sponsored
    For Sale
    $795,000

    2-Acre B1 Zoned Lot, $795,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2-acre commercial lot presents a remarkable investment opportunity in Greeneville, Tennessee. Located on East Andrew Johnson Highway (Highway 11E), this property boasts high visibility and convenient access to major thoroughfares. The site is situated in a thriving commercial area, directly adjacent to a Zoomers Exxon convenience store and within close proximity to established businesses such as Aldi, Walmart, and Eastman Credit Union. The level, cleared land is ready for immediate development, eliminating costly site preparation. With over 400 feet of frontage on East Andrew Johnson Highway, this property offers significant exposure to a high volume of daily traffic. The B1 zoning allows for a diverse range of commercial uses, including retail, restaurants, medical facilities, and financial services. All utilities are readily available, simplifying the development process. The property's location at the Greeneville city limit, within the town of Tusculum, provides a strategic advantage for businesses seeking a prominent presence in this growing market. The asking price is $795,000, representing a price per acre of $397,500. The parcel number is 030088 09901. This is a rare opportunity to acquire a prime commercial lot in a high-traffic area with excellent visibility and development potential.

    Property Features for 0 Andrew Johnson Hwy

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • 2‑acre commercial lot in Greeneville, TN, on Highway 11E.
    • High visibility & convenient access to major thoroughfares; near Aldi, Walmart, & Eastman Credit Union.
    • Level, cleared land ready for immediate development; over 400 ft of highway frontage.
    • B1 zoning allows diverse commercial uses (retail, restaurants, etc.); all utilities available.
    • $795,000 asking price ($397,500/acre); Parcel # 030088 09901.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Greeneville
    County
    Greene
    State
    Tennessee
    Longitude
    -82.7627375
    Latitude
    36.1859314

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    FAQs

    What type of property is this?
    Land - 2-Acre B1 Zoned Lot, $795,000
    Where is this land located?
    The property is located at Andrew Johnson Hwy Greeneville, TN.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: 2-acre commercial lot in Greeneville, TN, on Highway 11E.; High visibility & convenient access to major thoroughfares; near Aldi, Walmart, & Eastman Credit Union.; Level, cleared land ready for immediate development; over 400 ft of highway frontage.
    Request Owner's contact information
    Andrew Johnson Hwy Greeneville, TN 37745
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    Greeneville, TN 37745
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Andrew Johnson Hwy Greeneville, TN 37745
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