814 / 816 KING SPRINGS (& 812 KING SPRINGS CORNER AVAILABLE)

Vacant Land for Sale
Catylist Listing ID: 30271541
Property Subtypes: Multi-Family, Office, Retail, Other
Gross Land Area: 0.52 Acres
Sale Price: $86,300
Unit Price: $165,961 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/20/2018

Overview / Comments

2 parcels totaling .52 Acre and 150' frontage is available for $86,300. Priced for VALUE of LAND ONLY - Homes built in 1935 are not considered a value to the property. The adjoining .77 acre corner parcel has 200' frontage and "building has been removed" (older maps may show a building) With both properties combined there's a total of 1.29 acres with 350' frontage and excellent corner visibility.

Walking distance to the popular “TWEETSIE TRAIL.” This is a rails-to-trails project that follows the former East TN & Western NC railroad right-of-way between Johnson City and Elizabethton, TN

Daytime Population 1 Mile: 8,618 / 3 Miles: 56,717 / 5 Miles: 87,250
Total Population 1 Mile: 7,086 / 3 Miles: 45,777 / 5 Miles: 81,600

2.3 Miles to East Tennessee State University (over 14,500 students)
2.9 Miles to Milligan College (1,200 students)

Traffic Count @ Milligan Hwy & Twin Oaks: 12,115
Traffic Count @ Legion & Dyer: 7,923

812 & 814 King Springs Rd is zoned B1 Neighborhood Business District. 816 King Springs Rd is currently zoned R2C Low Density Residential. Depending on your use the City of Johnson City will consider a rezoning request.

I-26 Exit 24 (Milligan College / ETSU Exit) bear right on exit ramp and stay in right lane to proceed through the red light and immediately exit right. At stop sign turn left. Property will be on the corner of Legion St and Milligan College. SEE SIGNS.

Additional Details

Nearest MSA: Johnson City
County: Washington
Zoning: B1 & R2C

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,086 45,777 81,600
Median Age: 31.02 36.64 38.81
Households: 3,106 19,296 34,963

Contact

Photograph of Listing Agent

Tina Holt

Green Commercial Realty, Inc.
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.