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    2340 Peoples St Johnson City, TN 37604

    For Sale
    $495,000

    1.46 Acres, Planned Business Zoning, I-26 Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1.46-acre commercial land parcel in Johnson City, Tennessee, presents a prime development opportunity. Located at 2340 Peoples Street, this fee-simple property boasts a Planned Business (PB) zoning designation and is pre-approved for an 11,700 square-foot professional building with 43 parking spaces. The site plan allows for a two-level building design, maximizing usable space and offering daylight exposure on each floor. Enjoy unparalleled visibility from Interstate 26 and Peoples Street, providing excellent exposure for any commercial venture. The property's location offers breathtaking mountain views and convenient access to Interstate 26, connecting businesses to a wider regional market. Its proximity to major retailers like Hobby Lobby and At Home, situated within seconds of the property, ensures high traffic and customer accessibility. This strategic location is also just seconds from The Crossings Shopping Center. Detailed aerial photography and a survey are available upon request. The asking price is $495,000, and the APN is 038I-B-030.07. This is a rare opportunity to acquire a highly visible, readily developable site in a thriving commercial area.

    Property Features for 2340 Peoples St

    General Information

    Property type
    Land
    Lot Size
    63,598 SF

    HighLights

    • Development‑ready site.
    • Excellent Interstate 26 visibility and convenient location.
    • Seconds from The Crossings Shopping Center.
    • Suitable for an 11,700 sq. ft. professional building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Orr Construction Equipment ... Equipment Rental Agency

    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
    -82.3876923
    Latitude
    36.3491566

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    FAQs

    What type of property is this?
    Land - 1.46 Acres, Planned Business Zoning, I-26 Visibility
    Where is this land located?
    The property is located at 2340 Peoples St Johnson City, TN.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Development-ready site.; Excellent Interstate 26 visibility and convenient location.; Seconds from The Crossings Shopping Center.
    (423) 913-3070
    Request Owner's contact information
    2340 Peoples St 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
    2340 Peoples St Johnson City, TN 37604
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