West Market Retail Investment Property

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30644656
Property Subtypes: Free-Standing Building, Street Retail, Other
Building Size (RSF): 5,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.67 Acres
Sale Price: $785,715
Unit Price: $157.14 PSF
Property Use Type: Vacant/Owner-User
Building Name: Vapor42
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 9/28/2020

Overview / Comments

ATTENTION INVESTORS - 10 YEAR LEASE IN PLACE - 7% CAP! Modern 5,000 sq ft commercial building on .6 acres fronting West Market Street in Johnson City. Currently leased to tenant Vapor 42, building has large open retail area at front with storage area in back. This corner property has plenty of parking with access from both West Market Street and N. Center Street. Located along busy commuter traffic route between N. State of Franklin Road toward Walmart and Jonesborough. Contact agent for further information including financials.

Additional Details

Nearest MSA: Johnson City
County: Washington
Tax ID/APN: 053D D 009.00

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,154 41,376 77,474
Median Age: 39.38 38.36 38.98
Households: 1,896 17,772 33,226
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