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    2000 Franklin Terrace Ct Johnson City, TN 37604

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    Former bank branch, 3,552 sq ft, high traffic

    Lot size:
    3,552 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional freestanding retail property, totaling 3,552 square feet, presents a unique investment opportunity in Johnson City, Tennessee. Built in 2003, this single-tenant building sits on a 0.55-acre lot and boasts 21 parking spaces, ensuring ample convenience for customers. Its strategic location at the intersection of I-26 and Highway 381 places it within a thriving retail corridor, benefiting from the high foot traffic generated by nearby major retailers. Sam's Club, with its 2.2 million annual visitors, and the Home Depot/Ross center, attracting 3.2 million annual visitors, are key indicators of the area's robust commercial activity. The property's proximity to Franklin Woods Community Hospital, a significant employer with 80 beds and over 200 physicians and staff, further enhances its appeal. The high daytime traffic volume is undeniable, with over 6,900 employees within a one-mile radius and 27,807 employees within three miles. The building's floor area ratio (FAR) is 0.12. This former bank branch offers a drive-thru, adding significant operational flexibility for a variety of retail uses. The entire 3,552 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This is a rare opportunity to acquire a well-located, high-visibility retail property in a rapidly growing market.

    Property Features for 2000 Franklin Terrace Ct

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,552 SF

    Building Details

    Year Built
    2003
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    3,552 SF

    HighLights

    • 3,552 SF freestanding retail building in Johnson City, TN.
    • Single‑tenant occupancy; currently vacant.
    • Located at I‑26 and Highway 381, in a high‑traffic retail corridor.
    • Features 21 parking spaces.
    • Built in 2003, on a 0.55‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    BB&T Financial Planner BB&T ATM Atm Sams Snowball Shack Restaurant BB&T Mortgage Mortgage Lender EchoPark Johnson City ... Used Car Dealer

    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
    -82.4010332
    Latitude
    36.3511359

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    FAQs

    What type of property is this?
    Individual retail property - Former bank branch, 3,552 sq ft, high traffic
    Where is this individual retail property located?
    The property is located at 2000 Franklin Terrace Ct Johnson City, TN.
    What are key features of this property?
    This property features: 3,552 SF freestanding retail building in Johnson City, TN.; Single-tenant occupancy; currently vacant.; Located at I-26 and Highway 381, in a high-traffic retail corridor.
    Request Owner's contact information
    2000 Franklin Terrace Ct 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
    2000 Franklin Terrace Ct Johnson City, TN 37604
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