1507 Buffalo St Johnson City, TN 37604
This exceptional 5.04-acre parcel of land is strategically located at 1507 Buffalo Street in Johnson City, Tennessee, 37604. Its prime location offers easy access to major transportation arteries, being just half a mile from the Interstate 26 and University Parkway interchange. This advantageous positioning also places the property less than a mile from Johnson City's West Walnut Redevelopment Project, presenting significant potential for future growth and appreciation. The property is zoned RO1 - High Density Residential, allowing for a variety of development options, including high-density residential projects or professional office spaces. The expansive lot size provides ample opportunity for a substantial development undertaking. All interested parties are responsible for independently verifying all information provided. The asking price for this remarkable property is $649,500. This represents a unique investment opportunity in a rapidly developing area of Johnson City. The property's zoning and location make it an attractive prospect for developers seeking to capitalize on the area's growth trajectory. Serious inquiries are encouraged.
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
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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.