0 Tbd Peoples St Johnson City, TN 37604
This exceptional 10-acre commercial land parcel presents a remarkable investment opportunity in Johnson City, Tennessee. Strategically located on TBD Peoples Street, this property boasts unparalleled visibility and accessibility, directly fronting Interstate 26, one of the city's most successful retail corridors. The site has already been graded and is fully prepared for immediate development, saving significant time and costs. Its enviable position between three major thoroughfares – Roan Street, I-26, and State of Franklin Road – ensures high traffic volume and exceptional exposure. Convenient access to both the Roan Street and State of Franklin Road exits from I-26 further enhances its appeal. The property's proximity to key amenities is another significant advantage. East Tennessee State University (ETSU), Johnson City Medical Center, the College of Pharmacy, the VA, schools, and numerous residential communities are all within minutes, creating a robust and diverse potential customer base. This versatile land is zoned PB, making it suitable for a wide range of commercial developments, including hotels, restaurants, convenience centers, retail spaces, big-box stores, and assisted living facilities. The APN is 090038I B 02900. This is a rare chance to acquire a prime commercial site in a thriving market. Don't miss this opportunity to capitalize on Johnson City's dynamic growth. The asking price is $650,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.