S. Roan and University Parkway
Vacant Land
for Sale
| Catylist Listing ID: |
29883958 |
| Property Subtypes: |
Hospitality, Office, Retail, Retail-Pad, Other
|
| Gross Land Area: |
3.50 Acres
|
| Sale Price: |
$895,000 |
| Unit Price: |
$255,714 Per Acre |
| In Opportunity Zone? |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/3/2020 |
Overview / Comments
The Brokers Realty is delighted to present an excellent opportunity located immediately off Interstate 26, (Exit 24), which is within close proximity to East Tennessee State University, the VA and Med Center. This land is highly desirable with a 30,000+ traffic count flowing through this intersection every day. Exit 24 is the first Johnson City exit for vehicles traveling I-26 westbound from Asheville, NC and the last Johnson City exit for eastbound travelers, which would make this an excellent convenience store, restaurant, retail or hotel site. This is the main corridor for East Tennessee State University travelers.
There are two tracts totaling over 5 acres. The road frontage is approximately 440 feet on University Parkway combining both properties and 570 feet of frontage on South Roan Street. These parcels are highly visible to I-26 westbound travelers. The Current zoning for the 3.5 acre corner piece is Planned Business ($895,000). The 1.7 acre parcel is zoned R-4 ($440,000).
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Additional Details
| Nearest MSA: |
Johnson City |
| County: |
Washington |
| Tax ID/APN: |
090055A B 02900 |
| Zoning: |
PB |
| Property Located Between: |
S. Roan and I-26 |
| Property Visibility: |
Excellent |
| Feet of Frontage: |
220 |
| Lot Frontage: |
220 |
| Lot Depth: |
400+ |
| Zoning Description: |
Planned Business |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
10,702 |
48,750 |
80,439 |
| Median Age: |
32.96 |
36.94 |
38.76 |
| Households: |
4,854 |
21,093 |
34,495 |
|
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Neither Northeast Tennessee Association of REALTORS® nor
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