Peoples St. (10+/- Acres) May Subdivide

Vacant Land for Sale
Catylist Listing ID: 29821507
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Other
Gross Land Area: 10 Acres
Sale Price: $550,000 - 650,000 Per Acre
Total Price: $5,500,000 - 6,500,000
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/22/2021

Overview / Comments

Excellent opportunity for new business located adjacent to I-26 on one of the most successful retail corridors in Johnson City. This land is located between three highly traveled roads, Roan Street, I-26 and State of Franklin Road. Fromt I-26 both the Roan Street exit or State of Franklin Road Exit are within close proximity. ETSU, The Johnson City Medical Center, College of Pharmacy, The VA, schools and housing communities are all just minutes away. This is a great hotel site, restaurant, convenience center, retail location, big box store, assisted living or a number of other uses. The property is zoned commercial. A new upscale senior living development was just built across the street as well as beside the property. For a drone video tour visit: https://www.dropbox.com/s/p188w1vb0djfvl3/DJI_0142.MP4?dl=0

Additional Details

Nearest MSA: Johnson City
County: Washington
Tax ID/APN: 090038I B 02900
Zoning: PB
Market Type: Large
Property Visibility: Excellent
Feet of Frontage: 950
Transportation: Bus, Taxi, Other
Topography: Gently Sloping
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,844 39,573 81,382
Median Age: 50.25 42.2 38.99
Households: 1,825 17,730 34,750

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