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    2503 Browns Mill Rd Johnson City, TN 37604

    Sponsored
    For Sale
    $500,000

    Prime I-26 location, diverse development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8.59-acre commercial land parcel in Johnson City, Tennessee, presents a remarkable investment opportunity. Strategically located off Interstate 26, this property enjoys high visibility and convenient access to major transportation routes. The surrounding area is a blend of thriving residential and commercial developments, indicating a strong and growing market. The site's proximity to Peoples Street, a corridor experiencing significant positive transformation, further enhances its appeal. This location is ripe for a variety of development projects, including but not limited to grocery stores, upscale gas stations, restaurants, mixed-use complexes, or medical facilities. The property is offered as a whole for $2,320,000 or can be subdivided into smaller parcels at $500,000 per acre. The seller is open to owner financing, making this an even more attractive proposition for qualified buyers. The property's APN is 090038I B 03000. This is a rare chance to acquire a significant piece of land in a rapidly developing area of Johnson City, offering substantial potential for long-term growth and return on investment. The address is 2503 Browns Mill Rd, Johnson City, TN 37604.

    Property Features for 2503 Browns Mill Rd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Brown's Mill Professional ... Real Estate Developer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.3834738
    Latitude
    36.3463453

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    FAQs

    What type of property is this?
    Land - Prime I-26 location, diverse development potential.
    Where is this land located?
    The property is located at 2503 Browns Mill Rd Johnson City, TN.
    What is the asking price?
    The asking price for this property is $500,000.
    Request Owner's contact information
    2503 Browns Mill Rd Johnson City, TN 37604
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    Johnson City, TN 37604
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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
    2503 Browns Mill Rd Johnson City, TN 37604
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