11+ Acres on Bristol Highway

Vacant Land for Sale
Catylist Listing ID: 30540018
Property Subtypes: Industrial, Multi-Family, Retail-Pad
Gross Land Area: 11.33 Acres
Sale Price: $1,122,000
Unit Price: $99,029 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/14/2020

Overview / Comments

Over 450' of frontage on Bristol Highway. 11+ acres of vacant land that is a great location for various uses.  To utilize the property to its maximum potential, the front 6.5+/- acres can be purposed for commercial uses such as service providers, wholesale businesses, automotive dealers, and many other users.  The 4.8+/- acres on the back of the property are ideally suited for multi-family use.  This portion would need to be rezoned to permissible zoning.  

*Pricing for the property is divided by the acreage's highest and best use. The 6.5 +/- acres (portion outlined in blue) in the front of the property have an asking price of $150,000 per acre ($978,000 total). The 4.8 acres (portion outlined in red) in the back of the property has an asking price of $30,000 per acre ($144,000 total).

Additional Details

Nearest MSA: Johnson City
County: Washington
Tax ID/APN: 090030 00601
Property Located Between: Winged Deer Park and The Motor Mile
Property Visibility: Excellent
Largest Nearby Street: Bristol Highway
Feet of Frontage: 479
Traffic/Vehicle Count: 28,872
Airports: 15 minutes from TCRA
Lot Frontage: 479
Lot Depth: 950
Zoning Description: The B-4, Planned Arterial Business District is designed to encourage a unified development approach along the major highway corridors. The principal uses of land are devoted to commercial establishments which cater specifically to motor-vehicle-oriented trades and services. It is further intended to provide appropriate space and sufficient depth from the street to provide for the orderly development and concentration of appropriate highway and arterial commercial uses at suitable locations, and to encourage the clustered development of such uses to minimize traffic hazards and interference with other uses in the vicinity, rather than to encourage the spread of strip commercial development.
Topography: Gently Sloping
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,001 24,684 64,446
Median Age: 37.12 42.97 41.48
Households: 1,107 10,911 28,009


Photograph of Listing Agent

Michael E. Green, CCIM MAI SIOR

Century 21 Legacy
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