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1800 Market Street

Johnson City, TN 37604
  • $800,000
  • STATUS: Active
  • ON SITE: 106 days
  • MLS #: 9921152
UPDATED: 28 min ago
$800,000
  • 0
    BEDS
  • 0.49
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,087
    SQFT
  • $196
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1958
County:

School Ratings & Info

Description

Looking for a lower price point for an investment opportunity? THIS IS IT!!Fantastic A-grade location with strong tenant appeal or redevelopmentpotential.This NNN leased restaurant property is 200 feet east of one of the region'stop 3 busiest intersections, West Market Street at State of Franklin Road.The building is good quality masonry construction and was completelyrenovated in 2018. Offered at a 7.5% cap rate.Property being sold subject-to the existing lease. PLEASE DO NOT DISTURB OR DISRUPT THE TENANT OR BUSINESS OPERATIONS.

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© 2021 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2021-08-04T11:59:53.503.
www.easttennesseehomepros.com/homes/116247326
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1800 Market Street Johnson City, TN 37604

  • Price: $800,000
  • Status: Active
  • Updated: 28 min ago
  • MLS #: 9921152
0
Beds
0
Baths
0
½ Baths
0.49
Acres
4,087
SQFT
$196
$/SQFT
1958
Built
Neighborhood:
Nw Johnson City
County:
Washington
Area:
Nw Johnson City
Property Description
Looking for a lower price point for an investment opportunity? THIS IS IT!!Fantastic A-grade location with strong tenant appeal or redevelopmentpotential.This NNN leased restaurant property is 200 feet east of one of the region'stop 3 busiest intersections, West Market Street at State of Franklin Road.The building is good quality masonry construction and was completelyrenovated in 2018. Offered at a 7.5% cap rate.Property being sold subject-to the existing lease. PLEASE DO NOT DISTURB OR DISRUPT THE TENANT OR BUSINESS OPERATIONS.
Exterior Features

Exterior Finish Synthetic Stucco Lot Size 115X175 Number Parking Spaces 48 Road Access City Street Roof AsphaltMetal

Interior Features

Ac Heat Pump Heating Heat Pump Number Restrooms 2 Total Sqft Finished 3696.00 Total Sqft Unfinished 391.00

Property Features

Annual Lease Amount 60000.00 Auction No Business Type Restaurant City Taxes 3752.42 County Taxes 4717.96 Development Status ClearedInfrastructure In Electric Service 220 Volts Financing CashConventional Foreclosure No Info Available Floor PlanTraffic Lot Number 2 Other Equipment Delivery DoorsDishwasherDisplay WindowDumpsterExterior LightsFire AlarmFree StandingHandicap AccessRangeRefrigeration Property Condition Above Average Restrictions Building Sale Includes See Remarks Sewer Public Sewer Short Sale No Water Public Zoning C

Listing information © 2021 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Kathy White of Century 21 Legacy.



© 2021 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2021-08-04T11:59:53.503.
 
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The Lusk Team | Evans & Evans Real Estate
2685 Boones Creek Rd. Ste.104
Johnson City TN, 37615