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Property profile

0 Boones Station Rd Gray, TN 37615

OFF-MARKET
Land
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1.5 ac lot

Property summary

AI-generated overview

This exceptional 1.5-acre parcel presents a prime commercial development opportunity in the thriving Boones Creek area of Johnson City, Tennessee. Strategically located at the intersection of Lake Park Drive and Boones Station Road, this property boasts unparalleled visibility and high traffic counts due to its proximity to Interstate 26, exit 17 (less than a mile away). Situated in a rapidly expanding commercial district, this land offers significant potential for a variety of commercial ventures. The property is zoned for residential use, but the seller is open to build-to-suit options, accommodating the specific needs of prospective developers. Furthermore, the lot is divisible, allowing for flexibility in project scope and potential for multiple development opportunities. The address is Boones Station Road, Johnson City, TN 37615, within Washington County. Easy access to I-26 ensures convenient transportation for both employees and customers. This is an exceptional chance to acquire a highly visible and accessible lot in a rapidly growing commercial area. Detailed site plans and zoning information are available upon request. The asking price for this remarkable property is $300,000.

Property profile

Verified
Property type Land
Lot 1.5 ac (65,340 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Carpet & Flooring Store
  • Medical Clinic
  • Pharmacy
  • Pharmacy
  • Pediatrician Physician

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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