166-178 Gray Station Road Johnson City, TN ^$ 799,000

166-178 Gray Station Road

^$ 799,000

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166-178 Gray Station Road

Johnson City, TN, 37615

^$ 799,000

Bedrooms-- Baths-- Sq 99,999

Monthly Estimate*

^$ 4,985

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Commercial Property for sale in Johnson City, TN

for $799,000. This 99,999 square foot building was built in 1935 on a lot size of 3.7.

Looking for an investment opportunity? Look no further!! OWNER FINANCING AVAILABLE This unique property consists of 2 separate parcels totaling approximate 3.7 acres with ''7'' rental income producing single family homes (all on sewer) and ''2'' additional garages located right off Gray Station Road, which is just minutes from Franklin Woods Medical Center, Boone Lake, and other local restaurants and shopping. All properties are on month to month and annually grossing approximately $73,000 EXPENSES ARE: - Property taxes for 2024 were $3,354.17 - Water is approx. $450 per month All showing require a minimum of 24hr notice to notify tenants. Listing agent can provide photos of ''most'' interior units upon request of pre-approved buyer. This property is being sold AS IS and priced to sell quickly... Contact your Realtor TODAY! OWNER FINANCING OPTION: - 25% down - 6% interest rate - 30-year amortization - 5-year balloon Realtors - Please READ private remarks

Commercial Pending

Price

^$ 799,000

Property Type

Commercial

Taxes

^$ 3,354

Style

Lot Size

3.7

Year Built

1935

Town/City

Johnson City

County/Region

Washington

MLS | Web ID

9979640

Features

General

Sewer Public Sewer

Heating See Remarks

Cooling See Remarks

Roof See Remarks

Development Status See Remarks

Zoning R

Construction Materials See Remarks

Year Built 1935

Electric See Remarks

Business Type Residential

County Washington

New Construction N

Property Type Commercial Sale

HOA N

Subdivision Name Not In Subdivision

Garage Y/N N

Status Active Under Contract

Directions From 6547 Kingsport Hwy Johnson City TN 37615 Head northwest on Kingsport Hwy / TN-36 toward Ben Jenkins Rd Turn left onto Gray Station Rd Turn left to stay on Gray Station Rd Keep right to stay on G

City Johnson City

MLS Area 307 - Gray/Boones Creek

Lot Size Units Acres

Lot Size Square Feet 161172.0

Carport Y/N N

Land Lease Y/N N

Property Condition Average Below Average Fixer

Lease Renewal Y/N N

MLS Area Minor 307 - Gray/Boones Creek

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Pending

Conventional True

Financing True

Cash True

Exterior

Water Source Public

Lot Size Area 3.7

Spa N

Building Area Total 199998.0

Lot Dimensions 150642 sq ft

Lot Size Acres 3.7

Road Frontage Type See Remarks

Other Equipment Additional Building(s) See Remarks

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Baths 0

Internal Only

Street Number 1 166178

* Excluded Features

List By

Brian Parlier

Listing Agent

Hurd Realty, Llc

Broker

brianparlier.realtor@gmail.com

Affordability Calculator

$5,264

Per Month

Monthly Principal & Interest: $4,985
Monthly Property Taxes: $280
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Johnson City, TN

Average List Price ^$1,002,671

Percent of Sale Price 25%

About Johnson City, TN

65,512 Population

14% Since 2002

^$39,045 Median Income

37.2 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

857276 Elementary School

857482 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/2/2025	$799,000		Listed Price

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166-178 Gray Station Road, Johnson City, TN, 37615 is a Commercial Property for sale at $799,000 with 99,999 sqft and a lot size of 3.7. 166-178 Gray Station Road was built in 1935. The property's zip code is 37615 which is in Johnson City, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the TNVA Regional MLS

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the TNVA Regional MLS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/14/2025.

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166-178 Gray Station Road

Commercial Property for sale in Johnson City, TN

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