Development Site in Gray

Vacant Land for Sale
Catylist Listing ID: 29924720
Property Subtypes: Industrial, Multi-Family, Other
Gross Land Area: 96.90 Acres
Sale Price: $1,750,000
Unit Price: $18,059 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 11/13/2017

Overview / Comments

Extraordinary development tract has over 3,100 feet of frontage on Interstate 26 in a high growth area near North Johnson City. The Gray community is host to a number of regional destinations including the Gray Fossil Site, Daniel Boone HS, several new Shopping Centers and one of the County's largest employers, Citi Commerce Solutions. The subject's most proximate Interstate Exit 13, located 1 mile SE, was recently enlarged to accommodate the surge in traffic generated by Gray's accelerating growth.

This site would offer a manufacturer exceptional visibility and exposure as well as affordable topography and available public services. It was recently favored as a future industrial park by Economic Development officials.

This site would offer multi-family developers a centralized location between Johnson City and Kingsport, interstate visibility, and enough land for a large scale multi-price point tract development.

Additional Details

Nearest MSA: Johnson City
County: Washington
Taxing Authority: Washington County
Tax ID/APN: Map 11 Parcel 30.03
Zoning: A1, AGRICULTURAL
Property Located Between: Johnson City and Kingsport
Property Visibility: Excellent
Largest Nearby Street: Interstate 26
Feet of Frontage: 3,100
Traffic/Vehicle Count: 45,316
Highway Access: Don May Road to Gray Ruritan Road to Gray Station to TNSR 75.
Airports: TRI located 10 miles East
Site Description: Rolling pasture land with public water, sewer, natural gas and 3 phase electric available.
Area Description: Gray is an unincorporated community located just outside Johnson City's northern boundary. The area has grown rapidly due to its developable land and proximity to Interstates 26 and 81, nearby Kingsport employment destinations, and its proximity to the regional airport.
Topography: Rolling
Soil Type: Clay
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal, Well
Sewer Type: Municipal, Septic

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,701 11,744 41,128
Median Age: 39.51 40.12 42.06
Households: 738 4,907 16,786

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