195 Joe R Mccrary RdFall Branch, TN 37656

Property Details for 195 Joe R Mccrary Rd

Year built

1996

Construction

FRAME

Lot size

10.00 AC

Property size (Sq ft)

11,664 SF

Property type

Office properties

Property subtype

Other office properties

APN

016 00203 001

APU

1600203001

Description

This exceptional 30-acre commercial property in Fall Branch, Tennessee, presents a significant investment opportunity. Located at 195 Joe R McCrary Rd, this site boasts high visibility due to its prime I-81 frontage, with over 39,000 vehicles passing daily, and convenient access via Exit 50. The property comprises two parcels: a 10.46-acre Greene County parcel zoned A-1 and a 20-acre Washington County parcel zoned PBD-2 (Planned Business District). The Washington County parcel includes a substantial 15,678 square-foot shop/office building featuring a break room, multiple offices, a copy room, mechanical room, and ample parking. The building is surrounded by a 6.86-acre paved parking area and an additional graveled lot for storage, along with a smaller shop building. The land's strategic location, combined with the existing building and expansive acreage, offers immense potential for various commercial uses, including sales or repair facilities for trucking, equipment, trailers, or automobiles. The asking price is $5,200,000, with a land value of $331.67 per square foot. The property's APN is 016 002.03, and it's situated near the Tennessee State Highway Patrol Division. This is a rare opportunity to acquire a large, well-located commercial property with significant development potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,250,824

  6.5%

  $2,077,684

  7%

  $1,929,278

• Comparable approach

  Method

  Valuation

  Relative Method

  $960,297

  Geo Method

  $960,297

• Alternative Use

  Use

  Valuation

  Residential

  $2,576,328

  Hospitality

  $2,359,902

  Educational

  $1,963,411

  Medical

  $2,030,936

  Retail

  $3,054,195

Location Insight

City

Fall Branch

County

Washington

State

Tennessee

Latitude

36.4073

Longitude

-82.6246

CBSA code

27740

CBSA name

JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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