5.35 AC Prime Land, N. State of Franklin, Johnson City, TN

Vacant Land for Sale
Catylist Listing ID: 29733829
Property Subtypes: Office, Retail
Gross Land Area: 5.35 Acres
Sale Price: $2,127,950
Unit Price: $397,747 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/3/2017

Overview / Comments

These lots are located 2 miles from I-26 along N. State of Franklin Road, beside new developments such as Academy Sports, Marriott, Buffalo Wild Wings, and AT&T, across the street from Med Tech Park, the prestigious medical corridor that includes Franklin Woods Community Hospital, The Wellness Center, and Johnson City Eye Clinic among other professional offices and financial institutions, and 1 mile from a new multi-family development and shopping.

The area was previously zoned MS-1, but is now zoned RTP.

Lot 4 (4.017 AC) and Lot 6 (1.334 AC) are combined for this sale.

There is a healthcare non-compete clause associated with this land. Contact Corridor Properties for additional information.

Additional Details

Nearest MSA: Johnson City
County: Washington
Tax ID/APN: 45C B 008.00/45C B 010.00
Zoning: RTP
Property Visibility: Excellent
Legal Description: Parcel ID 45C B 008.00 and 45C B 010.00
Largest Nearby Street: N State of Franklin
Traffic/Vehicle Count: 25,000
Highway Access: Located 2 miles from I-26 along N. State of Franklin Road.
Airports: Tri-Cities Regional Airport
Site Description: Located in Johnson City on the west side of State of Franklin Road at the intersection of State of Franklin Road and Med Tech Parkway. These lots front Med Tech Parkway and Hamilton Place.
Area Description: Johnson City is located in North East Tennessee. The beautiful scenery of the Appalachian Mountains surrounds this area that is driven by healthcare and education. To learn more, visit www.johnsoncitytn.com.
Lot Frontage: 470 ft on Med Tech Pkwy
Lot Depth: 320 ft
Zoning Description: This area was previously zoned MS-1, but is now RTP.
Topography: Rolling
Available Utilities: Electric, Water, Sewer

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,635 45,090 81,896
Median Age: 47.3 39.6 38.91
Households: 2,163 19,003 34,812
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