request_info_guest false

154 Salvage Lane

$3,900,000

154 Salvage Lane, Johnson City, TN 37604

Active
Last Updated: 03/06/2025

8,536 sqft

Building Size

24 acres

Lot Area

Details:
Building Size:    8,536 sqft
Lot Area:    24 acres
Year Built:    1980
MlsNumber:    9972793
Highlights:
  • Cooling: Central A/C
  • Sewer: Septic
  • Water: Municipal Water
Description:

FOR SALE: Prime 24+ Acres of Mixed-Use Development Property on 11E Corridor, Johnson City with existing income. This exceptional 24+ acre property, strategically located along the bustling 11E corridor in Johnson City, offers a rare opportunity for mixed-use residential and commercial development. Boasting prime visibility and accessibility, the site includes two rental residences and two rental garages, as well as other business related buildings providing immediate income-generating potential. With its expansive acreage and versatile zoning, this property is ideal for investors or developers looking to capitalize on Johnson City's continued growth. The blend of residential and commercial space allows for multiple uses, making it perfect for future retail, possible manufacturing, office space, multi-family housing, or other commercial ventures. This is a unique opportunity to acquire a property with substantial development potential in one of the fastest-growing areas in the region. Contact us today to explore the possibilities! Deemed reliable, but not guaranteed. Buyer and buyer's agent to verify all information.

Map:
Document

Today's Available Mortgage Rates

154 Salvage Lane, Johnson City, Tennessee 37604

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/14/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$12,767 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $0 Lender fees
Loan Amount $1,989,000 Loan Amount
Bank*Lender #1459
7 Year Fixed
25 Year Amortization
Interest rate 6.06% 7 Year Fixed
Mo. Payment$13,394 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 53% LTV $0 Lender fees
Loan Amount $2,067,000 Loan Amount
Bank*Lender #1459
10 Year Fixed
25 Year Amortization
Interest rate 6.06% 10 Year Fixed
Mo. Payment$13,394 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 53% LTV $0 Lender fees
Loan Amount $2,067,000 Loan Amount
Largest Commercial Real Estate Lending
Location
Gallery