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    107 Roscoe Fitz Rd Johnson City, TN 37615

    For Sale
    $1,000,000

    1.2-acre development opportunity in booming TN market.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This 1.2-acre commercial land parcel in Johnson City, Tennessee, presents a unique investment opportunity. Located at 107 Roscoe Fitz Rd, 37615, this B5-zoned property is ideally situated just off I-26 (exit 13, near Gray, TN), benefiting from the area's exceptional growth. The site is poised for immediate development, with two nearby retail strip centers currently under construction, one of which is 50% leased and features a modern facade. This area is experiencing a surge in residential development, with over 400 new homes and 100+ apartments recently built in close proximity. The current lack of grocery options presents a significant opportunity for a new grocery store or other retail businesses such as fast food, financial services, etc. The property's on-record ownership ensures a smooth transaction. Johnson City's city planners are actively preparing for future growth, making this a prime location for commercial ventures. This is a rare chance to capitalize on East Tennessee's unprecedented growth and establish a thriving business in a high-demand area. The property is currently listed at $1,000,000.

    Property Features for 107 Roscoe Fitz Rd

    General Information

    Property type
    Land
    Lot Size
    52,272 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gutter Recovery Gutter Cleaning Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -82.47883938
    Latitude
    36.40427483

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    FAQs

    What type of property is this?
    Land - 1.2-acre development opportunity in booming TN market.
    Where is this land located?
    The property is located at 107 Roscoe Fitz Rd Johnson City, TN.
    What is the asking price?
    The asking price for this property is $1,000,000.
    (423) 631-0355
    Request Owner's contact information
    107 Roscoe Fitz Rd Johnson City, TN 37615
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    Johnson City, TN 37615
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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
    107 Roscoe Fitz Rd Johnson City, TN 37615
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