Land development Site for Sale off I-26 in Gray

Vacant Land for Sale
Sale Pending/Contingent
Also listed as Retail-Commercial, Shopping Center
Catylist Listing ID: 29845711
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Vacation/Resort, Other
Status: Pending/Contingent
Gross Land Area: 17 Acres
Sale Price: $2,650,000
Unit Price: $155,882 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/27/2017

Overview / Comments

Town center site with a warehouse on it. Warehouse sits on 17 acres of prime retail or multi use property next to Hwy I-26 Gray exit.. Property fronts on busy Bobby Hicks Hwy and Old Gray Station Road. One of last remaining developable locations in the highly desirable Gray TN location. Land is flat and cleared,other than warehouse improvement.

Ideas include creating out-parcels along road frontage with multi-family in back. Also, open to a neighborhood store, grocery or neighborhood shopping center as anchor with out parcel development around it, and along the road.

There exists a on the property, the warehouse is 97,000 SF with 24 FT Ceiling height 7,000 SF of office space, and 9 dock doors. A portion of this space is equipped with cold storage capabilities. This facility could be re-purposed, or torn down for buyer's development of highest and best use for the commercial land.

Additional Details

Nearest MSA: Johnson City
County: Washington
Taxing Authority: Washington County
Zoning: M-1
Market Type: Medium
Side of Street: Northwest
Road Type: Paved, Highway, Highway Interchange
Property Visibility: Excellent
Largest Nearby Street: I-26 interstate
Highway Access: Just off Gray exit on I-26 across from Dairy Queen
Airports: Tri-Cities Regional
Site Description: Flat 17 acres, with a distribution warehouse on it that's 97,000 sq ft. The rest is undeveloped, and in a prime development location, just off I-26.
Area Description: Gray Commercial corridor, just across the street from Dairy Queen on Bobby Hicks Highway
Zoning Description: 17 acre level site currently zoned M-1 (Light Industrial)
Topography: Level
Easements: Other
Easements Description: railway easement along one edge

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,049 15,736 44,729
Median Age: 37.65 39.64 42.41
Households: 2,229 6,631 18,614


Photograph of Listing Agent

Stephen J Goodson, ChFC

Remax Checkmate, Commercial Division NETAR CMLS Member
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