Hwy 11E and Taylor Road

Vacant Land for Sale
Catylist Listing ID: 28240277
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 26.51 Acres
Sale Price: $2,875,000
Unit Price: $108,449 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/15/2018

Overview / Comments

Mixed Use Commercial / Multi Family Property 98% cleared and generally rolling and sloping, with the highest elevations along its Southern and Southwestern boundaries. Frontage along US Hwy 11E is rolling with some portions being an estimated 10' above road Grade. Corner of Hwy 11E / Bristol Hwy and Taylor Rd

* City of Johnson City will provide public utilities
* Excellent visibility to traffic from both directions on Hwy 11E and Taylor Drive.
* Sullivan County provides for public services such as police and fire.

County Taxes $17,400


Finance Data Year 2015
Assessed Value - Total($) $3,016,000 (Annual)
Real Estate Taxes - Annual($) $17,400 (Annual)

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan
Tax ID/APN: 135 39.00 & 41.00
Property Located Between: Bristol and Johnson City
Road Type: Paved
Property Visibility: Excellent
Transportation: Highway
Site Description: Currently zoned Planned Business in Sullivan County. Uses are subject to review and approval by the Sullivan Co. Planning Commission. Planned Business zoning include a variety of commercial uses such as hotel and motels; restaurants; stores and shops conducting retail trade; professional and medical offices; and a variety of other commercial uses. See attached drawing for proposed subdividing of acreage and highest and best use suggested. i.e. Shopping Center or Medical Office Bldg=11.69+/-acres. Commercial Frontage Lots on 11-E (traffic counts being strong at 23,000 to 27,000 cars per day) =3+/- acres. Multi-Family-11.82+/- acres along the rear portion of the site. From Johnson City: From I-26 merge onto US-11E N/ US-19W N/TN-34-N Roan st via Exit 20B travel approx. .9 miles. Turn Slight Right onto US-11E N/US-19W N/TN-34 E. traveling approx. 5.0 miles then Right onto Taylor Dr.
Zoning Description: Planned Business in Sullivan County
Available Utilities: Electric, Water, Gas, Cable, Broadband

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,121 11,071 37,580
Median Age: 43.57 40.66 42.41
Households: 481 4,556 16,198


Photograph of Listing Agent

Tina Holt

Green Commercial Realty, Inc.
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