Commercial Land For Sale 1400 Block S. Roan Street Johnson City, Tennessee 3.5 Acres $895,000 1.7 Acres - $440,000 Presented By: Bryan Sangid Offering Summary Address 410 N Cedar Bluff Rd, Knoxville, TN 37923 Total Rentable SF 56,392 Current Occupancy 94.15% 2009 Forecasted NOI $796,579 196 Montgomery St. Johnson City, Tennessee 37604 / Office 423-631-0355 / Mobile 423-747-8010
Commercial Opportunity The Brokers Realty and Auction is delighted to present an excellent opportunity located immediately off Interstate 26, (Exit 24), which is within close proximity to East Tennessee State University, the VA and Med Center. This land is highly desirable with a 30,000+ traffic count flowing through this intersection every day. Exit 24 is the first Johnson City exit for vehicles traveling I-26 westbound from Asheville, NC and the last Johnson City exit for eastbound travelers, which would make this an excellent convenience store, retail site, restaurant or hotel site. This is the main corridor for East Tennessee State University travelers. Details of Property This 3.5 acre parcel has approximately 240 feet of frontage on University Parkway and 580 feet of frontage on South Roan Street. The 1.7 acre tract has approximately 200 feet of frontage on University Parkway. These parcels are highly visible to I-26 westbound travelers. The Current zoning for the 3.5 acre corner piece is Planned Business. The 1.7 acre parcel is zoned R-4. Subject Property Subject Property 2
Subject Property Subject Property Subject Property 3
Traffic Count National National Tenants within Close Proximity 4
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Johnson City, TN Highlights Kiplinger ranked Johnson City as fifth out of ten most affordable metro areas in the US Forbes Magazine ranked Johnson City 35 th in best small places for business and careers Business Week ranked Johnson City as top three places in Tennessee to raise kids Career Builder ranked Johnson City as one of the best cities for jobs Education & Universities Northeast Tennessee s educational opportunities are anchored by East Tennessee State University (ETSU) located in Johnson City. The 16,000+ students at ETSU come from within the region, across the US and from 61 different countries. Consistently receiving recognition for their health and medical related programs Healthcare Washington County, TN is a leading healthcare community in the southern Appalachian region. ETSU s College of Medicine, College of Pharmacy, and College of Public Health positions ETSU as a leader in healthcare education and service. Furthermore Johnson City is home to one of the nation s largest Veteran s Affairs campuses at Mountain Home. Built in 1903 to care for Civil War veterans, today the facility still serves 170,000 veterans of America s conflicts. Johnson City is also home to Mountain States Health Alliance, the region s largest healthcare provider. Specifically the Niswonger Children s Hospital provides quality healthcare to children in a 69 bed facility uniquely designed for child friendly care. 6
Johnson City, TN - Highlights Cost to do Business No State Income Tax No Inventory Tax Property Tax Rate (Local only -- Tennessee does not impose a state property tax) Accessible Location Washington County features an extensively connected infrastructure network and is centrally located in the eastern portion of the United States. Conveniently located at the intersection of two major Interstates, I26 and I-81, Washington County serves as the economic center of the Tri-Cities, TN/VA region. Access to two major rail lines - CSX and Norfolk Southern, Foreign Trade Zone #204 and a regional airport with connections to Atlanta, Charlotte, Orlando and Tampa all are advantages for businesses looking to grow and expand. 7
Scenery of Johnson City 8
Contact: Bryan Sangid 196 Montgomery St, Johnson City, Tennessee 37604 / Office 423-631-0355 / Mobile 423-747-8010 9