Med Tech Park 18 Acre Site
Vacant Land
for Sale
| Catylist Listing ID: |
30161758 |
| Property Subtypes: |
Multi-Family, Office, Retail, Retail-Pad, Other
|
| Gross Land Area: |
18.50 Acres
|
| Sale Price: |
$150,000 Per Acre |
| Total Price: |
$2,775,000 |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/20/2020 |
Overview / Comments
Ideally located 18+ acres of mixed use land located at Med Tech Park along State of Franklin Road in Johnson City. Property situated adjacent to Med Tech ET Ambulatory Center and TruPoint Bank. Acreage is estimated to be 18.5 acres (MOL) of undeveloped land. Parcel has known property characteristics currently being studied to gain a deeper understanding of its potential. Site lies directly off Med Tech Parkway at the terminus of Hopewell Drive with the physical address 1304 Oakdell Court. See attached plat and design overlay district for further information. Property is suited to a variety of commercial uses from medical, office, and multi-family to corporate business.
THE location for all the best of Johnson City’s medical and professional businesses, Med Tech Park is a Class A master planned business park located within 1.5 miles of I-26 and central to all of Johnson City. Other tenants/owners in Med Tech Park include Franklin Woods Community Hospital, Johnson City Eye Clinic, US Post Office, Lawson Surgical Group, State of Franklin Healthcare Associates, Bank of Tennessee and many others. High traffic counts along this section of N. State of Franklin Road are estimated to be over 27,000 cars per day. The immediate area is seeing rapid development with multiple banks, hotels, specialty retail and medical facilities recently constructed. Contact agent to discuss opportunities and for further site details.
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Additional Details
| Nearest MSA: |
Johnson City |
| County: |
Washington |
| Tax ID/APN: |
045 051.00 |
| Zoning: |
RP4 |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Med Tech Parkway |
| Airports: |
Tri-Cities Airport (TRI) |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,291 |
47,385 |
79,999 |
| Median Age: |
48.34 |
39.31 |
38.9 |
| Households: |
2,464 |
20,083 |
34,066 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Northeast Tennessee Association of REALTORS® nor
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