1314 Roan St Johnson City, TN 37601
This exceptional 7.67-acre parcel presents a remarkable opportunity for residential development in Johnson City, Tennessee. Ideally situated just off University Parkway, with convenient access from both South Roan Street and Spring Street, this property boasts unparalleled connectivity. Its proximity to the Interstate 26 and University Parkway interchange (less than half a mile) ensures easy access to major transportation routes. Furthermore, the land is located less than a mile from Johnson City's West Walnut Redevelopment Project, placing it within a rapidly growing and revitalized area. The property is zoned RP-3, Planned Residential District, offering significant potential for various residential projects. The expansive lot size provides ample space for a diverse range of development possibilities, making it an attractive investment for builders and developers seeking a prime location in a thriving Tennessee community. The address is 1314 S Roan St, Johnson City, TN 37601, within Washington County. The asking price is $899,000. Broker co-op is available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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