227 Library Ln - Specialty FOR SALE


Johnson City, TN 37601- Downtown Johnson City
$2,100,000 USD
423-446-0148
227 Library Ln, Johnson City, TN for Sale
$2,100,000 USD
Specialty - FOR SALE
1/19
null | Request Cap Rate

227 Library Ln
Johnson City, TN 37601
Downtown Johnson City


HIGHLIGHTS

  • B3 Zoning
  • 16 sq/ft lease with option to Purchase
  • 4.23 Acres with Mountain and Downtown Views

OVERVIEW

Former Girls Inc. facility offering exceptional build-to-suit and redevelopment potential. Available for lease for single tenants as a shell or multiple tenants, the owner can accommodate custom development of a 5- to 10-story building, with no height restrictions, making this an outstanding opportunity for office, medical, mixed-use, multifamily, hospitality, or institutional users. Situated on 4.23 acres and zoned B-3 Commercial, this highly visible property features approximately 13,500 square feet of existing improvements with ample on-site parking. Perched on one of downtown Johnson City's highest elevations, the property offers breathtaking 360-degree views of Buffalo Mountain and downtown Johnson City, along with excellent visibility from Interstate 26, providing outstanding signage and branding opportunities. The existing building includes multiple classrooms, restrooms, a full commercial kitchen with break room, and a gymnasium with a stage, making it ideal for immediate occupancy or adaptive reuse while future redevelopment plans are pursued. With no height and minimal setback restrictions, this site offers tremendous flexibility for a wide range of commercial development opportunities. Conveniently located within walking distance of downtown Johnson City, the property is accessed by a private drive and is served by public water, sewer, natural gas, and electricity. Don't miss this rare opportunity to lease or develop one of Johnson City's most visible and versatile commercial properties. Schedule your private showing today! - Currently being offered at $16 sq/ft for lease with option to purchase at $2,100,000 USD Buyers and Buyers Agents to Verify all Information

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

4.23 AC

LAND SF

184,259 SF

ZONING

B3

APN/PARCEL ID

046M-A-001.00

ASK ABOUT THIS PROPERTY

Jason JohnstonColdwell Banker Security Real EstateMore Info
423-446-0148

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Jason JohnstonColdwell Banker Security Real EstateMore Info
423-446-0148

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.