1350 Bell Ridge Rd Johnson City, TN 37601
This exceptional 3.24-acre commercial land parcel in Johnson City, Tennessee, presents a unique investment opportunity. Located at 1350 Bell Ridge Rd, 37601, this property is zoned MX1/R3, offering considerable flexibility for development. The MX1 Mixed Use Neighborhood District allows for innovative building arrangements and open space, encouraging high-quality design. This zoning permits a variety of uses, including the possibility of four single-family homes or high-density apartments, with commercial, service, or office uses on the first floor and residential uses above. The property's convenient location near East Johnson City amenities such as Cardinal Park, Keystone Park, and the Tweetsie Trail adds significant value. The asking price is $99,000, translating to $36,728 per acre. The property's APN numbers are 090 047O A 00322 000 2020, 090 047O A 00321 000 2020, 090 047O A 00320 000 2020, and 090 047O A 00319 000 2020. This is an ideal site for developers seeking a prime location with versatile zoning options in a desirable Johnson City neighborhood. The property's size and zoning make it suitable for a range of projects, offering significant potential for return on investment. Don't miss this chance to acquire this exceptional piece of land.
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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