Technical
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Property profile

0 2.8 +/- Acres Johnson City, TN 37615

OFF-MARKET
Land
2.87 ac lot
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Property summary

AI-generated overview

This exceptional 2.87-acre commercial land parcel presents a remarkable investment opportunity in Johnson City, Tennessee. Strategically located directly off Exit 17 on Boones Creek Road, this property boasts approximately 386 feet of road frontage, ensuring high visibility and accessibility for any business. The site benefits from existing infrastructure, including a paved entryway from Boones Creek Road and some completed grading work, simplifying development and reducing upfront costs. High daily traffic counts on this rapidly growing corridor guarantee significant exposure. Furthermore, the property's location within the Regional Retail Tourism Development District offers substantial tax advantages for business owners, potentially leading to significant long-term cost savings. This prime location, coupled with the existing infrastructure and tax benefits, makes this a truly exceptional opportunity to capitalize on the burgeoning commercial growth in this area. The property is owned by Stonewest Building Partnership and is zoned PB. The asking price is $1,850,000. Don't miss this chance to establish your business in a thriving location with significant potential for return on investment.

Property profile

Verified
Property type Land
Lot 2.87 ac (125,017 SF)

Cap rate & NOI

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

Location

2.8 +/- Acres Johnson City, TN 37615
Johnson City metro
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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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