0 Tbd Peoples St Johnson City, TN 37604
This exceptional 2.75-acre commercial land parcel in Johnson City, Tennessee, presents a remarkable investment opportunity. Strategically located adjacent to a new Hobby Lobby, At Home, Holston Medical Group, and Guitar Center, this property boasts unparalleled visibility from I-26, a major thoroughfare with over 60,000 vehicles passing daily. Its convenient proximity to the Roan Street and State of Franklin Road exits ensures easy accessibility. The site's prime location also benefits from its close proximity to East Tennessee State University (ETSU), Johnson City Medical Center, the College of Pharmacy, and the VA, as well as numerous schools and residential communities. Zoned B4, this versatile property is ideally suited for a wide range of commercial developments, including hotels, restaurants, convenience centers, retail spaces, big-box stores, or assisted living facilities. The recent construction of a high-end senior living development just 1,000 feet away further underscores the area's growth and desirability. This is a rare opportunity to acquire a high-traffic, well-located commercial lot in a thriving market. The property is located at TBD Peoples St., Johnson City, TN 37604, Washington County. The asking price is $900,000.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.