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: $400,000 Per Acre
Total Price: $4,000,000
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/20/2019

Overview / Comments

The Brokers Realty is delighted to present an excellent opportunity for new business located across from from I-26 on one of the most successful retail corridors in Johnson City. This land is strategically located between three highly traveled roads, which are Roan Street, I-26 and State of Franklin Road. Travelers have the opportunity to exit I-26 at either the Roan Street or State of Franklin Road Exit, giving this site and excellent advantage. ETSU, The Johnson City Medical Center, College of Pharmacy, The VA, schools and housing communities are all just minutes away. This property would make an excellent hotel site, restaurant, convenience center, retail location, big box store, assisted living or a number of other uses. The property is zoned commercial. 3.5 of the original 14 acres are currently being developed for luxury senior living housing.

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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