Land for Multifamily in Desirable Location

Vacant Land for Sale
Catylist Listing ID: 30729044
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 4 Acres
Sale Price: $500,000
Unit Price: $125,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/3/2022

Overview / Comments

Land is zoned R3 and allows 7 units per acre.​ Property is perfect for multifamily as it is located in the middle of Johnson City and is just a short drive to most anywhere.​ Towne Acres Elementary School is less than .3 miles.​ A multifamily builder or investor will find this to be an excellent opportunity.​ The property will also serve as a great location for single family residences. Call for more information.​ Owner Agent

Attachments & Media

Additional Details

Nearest MSA: Johnson City
County: Washington
Tax ID/APN: 090038I B 03002
Zoning: R3
Property Visibility: Excellent
Lot Frontage: see survey
Lot Depth: see survey
Topography: Gently Sloping

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,844 43,014 82,857
Median Age: 50.25 41.16 39.1
Households: 1,825 19,341 35,385


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