Apple Tree II Plaza, Retail Strip Center

Retail-Commercial for Sale
Catylist Listing ID: 30284023
Property Subtypes: Mixed Use, Other
Building Size (RSF): 12,000 SF
Gross Land Area: 1.32 Acres
Sale Price: $775,000
Unit Price: $64.58 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/12/2018

Overview / Comments

12,000 sq ft retail Strip Center located off and above Market Street, behind McDonald's, on Lamons Lane. Built in 1990, sharp looking stucco strip center boasts 12,000 sq ft of leasable space, currently home to Massage school lease, and has future income earning potential, or is available for an owner/operator who wants to have income producing property along with their business.

Parking lot egress is back only 200 ft from Market Street, and sits atop a hill. The Lamons Lane intersects with market a mere 1000 ft from the Market St/State of Franklin intersection, putting it near one of the busiest and highly trafficked intersections in the Tri-Cities, at 32,000 cars per day.Making this parcel visible, accessable, and in a main Commercial corridor, great building for services, professional offices, etc.

Building has a footprint of 60x200,

Additional Details

Nearest MSA: Johnson City
County: Washington
Taxing Authority: Johnson City
Tax ID/APN: 054A A 020.00054A A 020.00
Retail Clientele: General, Family, Business, Other
Property Visibility: Good
Largest Nearby Street: W Market St
Feet of Frontage: 250
Site Description: 1.32 acres with 12,000 sq ft building,
Area Description: Johnson City Tennessee, East Tennessee, Tri-cities, main commercial MSA
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1990
Total Parking Spaces: 57
Parking Description: surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,039 45,787 81,227
Median Age: 34.55 38.1 39.14
Households: 2,702 19,689 34,884

Contact

Photograph of Listing Agent

Stephen J Goodson, ChFC

Remax Checkmate, Commercial Division NETAR CMLS Member
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