9.84 AC Box Site Next to New Grocery/Retail Development

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 29844093
Property Subtypes: Hospitality, Office, Retail, Retail-Pad
Status: Pending/Contingent
Gross Land Area: 9.84 Acres
Sale Price: $3,000,000
Unit Price: $304,878 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/8/2018

Overview / Comments

This 9.84 AC lot is part of the new Food City/Retail development on N. State of Franklin Road. Parcel 045 052.07 is a total of 12.5 acres, but development will subdivide it into two outparcels, a road, and this 9.84 AC box site.

There is a healthcare non-compete clause associated with this land. Contact Realty Trust Group for additional information.

Additional Details

Nearest MSA: Johnson City
County: Washington
Tax ID/APN: 045 052.07
Property Located Between: Corner of Sunset Dr and N. State of Franklin Rd
Side of Street: East
Road Type: Paved, Highway
Property Visibility: Excellent
Legal Description: Parcel 045 052.07
Largest Nearby Street: N. State of Franklin Rd
Traffic/Vehicle Count: 28,000
Transportation: Bus
Highway Access: 2.8 miles from access to I-26
Airports: Tri-Cities Regional Airport
Site Description: This lot is part to the Food City/Retail development along N. State of Franklin Rd. Grading and infrastructure will be completed.
Topography: Level
Soil Type: Clay
Available Utilities: Electric, Water, Sewer

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,299 43,555 79,784
Median Age: 43.84 38.79 38.8
Households: 2,887 18,917 34,126
The information presented herein is provided as is, without warranty of any kind. Neither Northeast Tennessee Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.