6997, 6989 W Andrew Johnson, 111 Britton Hwy
About This Property
The two parcels fronting W. Andrew Johnson Highway offer excellent exposure along a heavily traveled corridor. While buyers should perform their own due diligence, these properties may have the potential for commercial rezoning by applying to the appropriate planning authorities and presenting a proposed development plan. Any rezoning would be subject to approval by the local Planning Commission and all applicable governmental requirements.
Whether you're looking for a residential investment, future development opportunity, or a site with potential commercial possibilities, this unique offering provides flexibility and outstanding visibility. Purchase one parcel or take advantage of the opportunity to acquire all three adjoining properties for expanded development potential.
Buyer to verify all information, including zoning, lot sizes, permitted uses, utility availability, and any future rezoning possibilities through their own due diligence.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2026 | Listed by Powell Auction & Realty,LLC | $198,900 | |
| Listed by Powell Auction & Realty,LLC | |||
| Nov 13, 2023 | No longer available | - | |
| No longer available | |||
| May 13, 2023 | Relisted | $449,900 | |
| Relisted | |||
| Feb 2, 2023 | No longer available | - | |
| No longer available | |||
| Dec 1, 2022 | Listed by CENTURY 21-MORRISTOWN | $450,000 | |
| Listed by CENTURY 21-MORRISTOWN | |||
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Corner lot, Sewer is across the Highway, rezoning should be no problem. Ideal for a commercial application. Large residential complex is coming on the adjoining property.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017