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    473 Fairridge Rd Johnson City, TN 37604

    Sponsored
    For Sale
    $8,250,000

    63.9 Acres, Excellent Location, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 63.9-acre commercial tract is ideally situated in Johnson City, Tennessee, at the intersection of Knob Creek Road and Fairridge Road, just off State of Franklin Road. Boasting 4,500 linear feet of road frontage, this property offers unparalleled visibility and accessibility. Its Commercial zoning allows for a diverse range of development opportunities, including medical, multi-family, R&D, hospitality, retail, restaurant, technology, mixed-use, and governmental uses. The location is strategically positioned near the Med Tech Park and within five minutes of I-26, Exit 19, benefiting from the rapid growth of the surrounding area. Future infrastructure improvements, including the widening of Knob Creek Road, will further enhance the property's value and accessibility. This site presents a unique opportunity to capitalize on Johnson City's thriving economy and vibrant community, known for its arts scene, education system, and entrepreneurial spirit. The property's APN is 037 08900. The asking price is $8,250,000, translating to approximately $129,107.98 per acre. Detailed property plats and maps are available upon request. This is a remarkable opportunity to acquire a premier commercial land parcel in a rapidly expanding area. The address is 473 Fairridge Rd, Johnson City, TN 37604.

    Property Features for 473 Fairridge Rd

    General Information

    Property type
    Land
    Lot Size
    2,783,484 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.41034264491
    Latitude
    36.340800927708

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    FAQs

    What type of property is this?
    Land - 63.9 Acres, Excellent Location, High Visibility
    Where is this land located?
    The property is located at 473 Fairridge Rd Johnson City, TN.
    What is the asking price?
    The asking price for this property is $8,250,000.
    (423) 230-0255
    Request Owner's contact information
    473 Fairridge 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
    473 Fairridge Rd Johnson City, TN 37604
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