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: 11/10/2020

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).

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

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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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