Technical
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Property profile

0 Boones Creek Rd Johnson City, TN 37615

OFF-MARKET
Land
1.33 ac lot
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Property summary

AI-generated overview

This exceptional 1.33-acre commercial parcel presents a unique investment opportunity in Johnson City, Tennessee. Located in the B-4 Planned Arterial Business District, this property boasts 272 feet of frontage along Boones Creek Road, a major thoroughfare experiencing high vehicular traffic exceeding 14,300 vehicles per day. The strategic location benefits from its proximity to the recently completed ($15.6 million) Exit 17 expansion and upgrade project (2021), significantly enhancing accessibility and visibility. The property's zoning (B-4) allows for a wide range of commercial development possibilities, making it ideal for businesses seeking high-traffic exposure. The parcel's size and location offer significant potential for development, catering to various commercial ventures. APN 090029-01003. Note that an adjacent 2.36-acre parcel is also available for purchase, presenting an opportunity for larger-scale development. This property is offered as a ground lease. This prime location and high traffic count make this an exceptional opportunity for businesses seeking a prominent presence in a rapidly growing area. The property is situated in Washington County.

Property profile

Verified
Property type Land
Lot 1.33 ac (57,935 SF)

Cap rate & NOI

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

Location

Boones Creek Rd Johnson City, TN 37615
Johnson City metro
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Value estimations

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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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