2000 Franklin Terrace Ct Johnson City, TN 37604
- Banks
- 3,553 SF
- 0.55 lot acres
Current Use by Public Records
- BB&T / Financial Planner / Car Finance And Loan Company
- BB&T ATM / Atm
- Sams Snowball Shack / Restaurant
- BB&T Mortgage / Mortgage Lender / Mortgage Broker
- EchoPark Johnson City Vehicle Buying Center / Used Car Dealer
Property Details for 2000 Franklin Terrace Ct
- Year built
- 2003
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.55 lot acres
- Property size
- 3,553 SF
- Property type
- Banks
- APN
- 037F A 01403
- APU
- 037FA01403
Description
This exceptional freestanding retail property, totaling 3,552 square feet, presents a unique investment opportunity in Johnson City, Tennessee. Built in 2003, this single-tenant building sits on a 0.55-acre lot and boasts 21 parking spaces, ensuring ample convenience for customers. Its strategic location at the intersection of I-26 and Highway 381 places it within a thriving retail corridor, benefiting from the high foot traffic generated by nearby major retailers. Sam's Club, with its 2.2 million annual visitors, and the Home Depot/Ross center, attracting 3.2 million annual visitors, are key indicators of the area's robust commercial activity. The property's proximity to Franklin Woods Community Hospital, a significant employer with 80 beds and over 200 physicians and staff, further enhances its appeal. The high daytime traffic volume is undeniable, with over 6,900 employees within a one-mile radius and 27,807 employees within three miles. The building's floor area ratio (FAR) is 0.12. This former bank branch offers a drive-thru, adding significant operational flexibility for a variety of retail uses. The entire 3,552 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This is a rare opportunity to acquire a well-located, high-visibility retail property in a rapidly growing market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $675,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $700,000
- 6.5%
- $690,000
- 7%
- $625,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $665,000
- Geo Method
- $595,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $730,000
- Retail
- $740,000
- Mixed-Use
- $650,000
- Hospitality
- $605,000
- Educational
- $775,000
- Residential Income
- $695,000
- Energy
- $685,000
- Income-Based Land
- $560,000
- Food Service
- $775,000
Location Insight
- Map
- Local Demand
- City
- Johnson City
- County
- Washington
- State
- Tennessee
- Longitude
- -82.4011
- Latitude
- 36.3511
- CBSA code
- 27740
- CBSA name
- JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA
