Browns Mill, Commercial Opportunity

Vacant Land for Sale
Catylist Listing ID: 30138256
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 1 - 8.59 Acres
Sale Price: $400,000 - 2,320,000
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 6/3/2022

Overview / Comments

Excellent commercial development opportunity in Johnson City, TN. Located just off I-26 and surrounded by residential and commercial properties. Peoples Street has been developing over the years with some of the most desirable locations in Johnson City. This corridor is beginning to see considerable positive changes being made. There are a number of development ideas, which could be very successful on Peoples Street. For example, this site would be ideal for a grocery store (Trader Joe' s), upscale gas station, restaurants, mixed use, medical, etc&
This Property can be purchased as a whole for $2,320,000 or subdivided at the price of $400,000/acre. Please call to find out more! SELLER IS WILLING TO OWNER FINANCE.
**See attached marketing info**

Attachments & Media

Additional Details

Nearest MSA: Johnson City
County: Washington
Tax ID/APN: 090038I B 03000
Largest Nearby Street: State of Franklin and N. Roan St.
Feet of Frontage: 675
Zoning Description: Currently zoned R5. The local residents have been in support of prospective past developments, which would require the zoning to be changed from high density residential to a commercial use.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,463 44,754 84,343
Median Age: 48.9 40.51 39.16
Households: 3,105 20,111 36,000


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