.63 Acre Pad - Erwin, TN
801 North Buffalo Street
Erwin, TN 37650
Highlights
- Opportunity Zone (Tax Optimized)
- B2 local zone for wide range of commercial uses
- Convenient Interstate Access
- Highly developable parcel (level, street grade rectangle shape)
- Competitive price.
Description
Road frontage along a busy thoroughfare, ensuring maximum exposure to both local residents and the thousands of tourists visiting the region annually. Its proximity to I-26 and key attractions like the Appalachian Trail and Nolichucky River makes it a magnet for traffic and drive-by visibility. At 0.63 acres, this parcel offers ample space for retail, office, medial office or restaurant with outdoor seating. The lot’s manageable size ensures cost-effective development while providing flexibility for creative designs, parking, and landscaping.
Nestled in the scenic Appalachian Highlands and part of the Tri-Cities region in a strategic Opportunity Zone and Qualified Census Tract, this is a Strategic Location with Tax Incentives, Zoning Flexibility, and Development Support. Located within both a Qualified Census Tract (QCT) and a federally designated Opportunity Zone, this site presents a highly strategic development opportunity.
The investment is ideal for capital partners seeking both upside and tax-advantaged structures. The eligibility opens the door for capital gains tax deferral and potential basis step-up, making it attractive to a wide range of institutional, private equity, and high-net-worth investors.
** Address is TBD**
Jonesborough Road (US-19/US-23), is a significant route that connects Erwin with surrounding areas, including Johnson City to the north. This road experiences a consistent flow of both local and commuter traffic, making the location visible to a large number of potential customers. The location's proximity to a mix of established retailers and restaurants suggest that it benefits from the existing retail ecosystem, attracting a steady stream of vehicle traffic and potential customers. The site is highly visible to Interstate 26 as it sits at the base of exit 37. The site measures approximately 183 feet wide by 152 feet deep. IRR is flat, and zoned b-2 (Arterial Business).
