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    100 Highland Ave Johnson City, TN 37604

    For Sale
    $425,000

    1-acre commercial lot, ideal retail/hospitality.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 1-acre commercial land parcel presents a remarkable investment opportunity in Johnson City, Tennessee. Located at the highly visible corner of S. Roan and University Parkway, this property boasts unparalleled signage exposure and benefits from a daily traffic count exceeding 30,000 vehicles. The site is strategically positioned immediately off Interstate 26, Exit 24, providing convenient access for travelers. Its proximity to East Tennessee State University, the VA Medical Center, and other key destinations makes it an exceptionally desirable location for a variety of commercial uses. The permitted zoning is PB, allowing for flexibility in development plans. With two potential pads available, this property is perfectly suited for a convenience store, restaurant, retail establishment, or hotel. The property's location at the first Johnson City exit for westbound I-26 travelers from Asheville, NC, and the last exit for eastbound travelers further enhances its appeal. This is a main thoroughfare for East Tennessee State University students and staff, ensuring consistent high visibility and foot traffic. The asking price is $425,000, and the property's address is 100 Highland Ave, Johnson City, TN 37604, with APN 090055A B 02900. Don't miss this chance to acquire a prime commercial property in a thriving area.

    Property Features for 100 Highland Ave

    General Information

    Property type
    Individual retail properties
    Lot Size
    43,560 SF

    HighLights

    • 1‑acre commercial land parcel in Johnson City, TN, at S. Roan & University Parkway.
    • High visibility corner lot with over 30,000 vehicles daily, excellent signage potential.
    • Convenient I‑26, Exit 24 access.
    • Near ETSU, VA Medical Center, and other key destinations.
    • PB zoning allows for flexible development; two potential building pads.
    • Ideal for retail, restaurant, convenience store, or hotel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.3562564
    Latitude
    36.3129502

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    FAQs

    What type of property is this?
    Individual retail property - 1-acre commercial lot, ideal retail/hospitality.
    Where is this individual retail property located?
    The property is located at 100 Highland Ave Johnson City, TN.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: 1-acre commercial land parcel in Johnson City, TN, at S. Roan & University Parkway.; High visibility corner lot with over 30,000 vehicles daily, excellent signage potential.; Convenient I-26, Exit 24 access.
    (423) 631-0355
    Request Owner's contact information
    100 Highland Ave 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
    100 Highland Ave Johnson City, TN 37604
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