LAND - Gray, TN
LOCATION, LOCATION, LOCATION!! Listed for $106,100 below the current tax assessment. This property is very unique and has so much potential. It's located just outside of the city limits, in the heart of Gray/Boones Creek area, just off of N. Roan St., in Johnson City, just minutes away from Boone Lake, I26, Tri-Cities airport, poplar restaurants and businesses, new subdivision developments, and more. There's a cell tower located on the back top of the property, which lease/sublease for it currently generates a monthly rent/income of about $800.00. As noted in the Lease Agreements which are uploaded in the MLS, there is a right of first refusal from Crown Castle. I've been told by an agent for Crown Castle, that they are usually only interested in the tower/leased part of the property however, this will have to be verified with them. Crown Castle has 30 days to exercise its right of first...
LOCATION, LOCATION, LOCATION!! Listed for $106,100 below the current tax assessment. This property is very unique and has so much potential. It's located just outside of the city limits, in the heart of Gray/Boones Creek area, just off of N. Roan St., in Johnson City, just minutes away from Boone Lake, I26, Tri-Cities airport, poplar restaurants and businesses, new subdivision developments, and more. There's a cell tower located on the back top of the property, which lease/sublease for it currently generates a monthly rent/income of about $800.00. As noted in the Lease Agreements which are uploaded in the MLS, there is a right of first refusal from Crown Castle. I've been told by an agent for Crown Castle, that they are usually only interested in the tower/leased part of the property however, this will have to be verified with them. Crown Castle has 30 days to exercise its right of first refusal. Just beyond the cell tower and overhead power lines, you have about 14 acres of land, wooded, slightly sloping until you reach a small creek (Reedy Creek), and about 2 acres of mowed flat land with wildlife for the hunting enthusiast. Although this property is being advertised as ''land'' it also has a small 2BR, 1 bath house that is being sold AS-IS where is, and the seller will not agree to pay for any repairs. The house will either need to be completed renovated or torn down and, therefore, the seller doesn't want the house shown unless it's serious buyers. However, the house has a metal roof that's only around 2 years old, a deck w/ramp about 3 years old, and a heat pump about 7 years old. So, whether you're looking for property to build your dream home that's also income producing, an investor or a developer, this property has the potential for all (buyer must obtain all applicable/necessary permits, soil tests, etc.). Some of the information in this listing may have been obtained from a 3rd party and/or tax records and must be verified before assuming accuracy. Buyer(s) must verify all information.
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