Residential Development Tract In Jonesborough

Vacant Land for Sale
Catylist Listing ID: 30136340
Property Subtypes: Agricultural, Multi-Family, Residential (Single Family), Other
Gross Land Area: 18.50 Acres
Sale Price: $555,000
Unit Price: $30,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/1/2021

Overview / Comments

This 18.50 Acre +/- tract is located along N. Cherokee Street in the Town of Jonesborough, TN. Cherokee Street connects to US Hwy 11-E near the new County Justice Center approximately 0.50 miles to the south. N. Cherokee Street becomes Tavern Hill Road to the North outside the Town limits. This property is located across the road from the proposed Jonesborough K-8 school and Town of Jonesborough sports complex. The Washington County Commission recently gave approval to the proposed plan for a new school which is expected to cost nearly $32 million.

This tract is comprised of rolling and gently sloping land area which is ideal for a number of residential development schemes. It has excellent frontage for access and good visibility along N. Cherokee Street. Available utilities include water and electric service, with sewer service across the road.

The property is presently zoned for low density single family residential development and would be idea for a phased development or multiple estate tracts.

With the availability of sewer across the road, the possibility for a higher density development scheme (patio homes or apartments) exists with proper zoning. Other possible uses with re-zoning would include a nursing home or assisted living facility, etc.

Additional Details

Nearest MSA: Johnson City
County: Washington
Tax ID/APN: Map 052 Parcel 029.01
Zoning: R-1
Side of Street: West
Road Type: Paved
Property Visibility: Good
Legal Description: Map 052 Parcel 029.01, Land size taken from tax records.
Largest Nearby Street: US Hwy 11-E (W. Jackson Blvd.)
Lot Frontage: 415' +/-
Zoning Description: R-1, Single Family Residential District
Topography: Rolling
Available Utilities: Electric, Water, Sewer

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 12,938 48,629
Median Age: 41.41 41.11
Households: 5,178 19,968


Photograph of Listing Agent

Josh Gouge

Century 21 Legacy
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