Investment Opportunity - 1404 Persimmon Ridge Road

Industrial for Sale
Catylist Listing ID: 29976730
Property Subtypes: Flex Space, Free-Standing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution, Other
Building Size (RSF): 6,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.60 Acres
Sale Price: $235,000
Unit Price: $39.17 PSF
Ceiling: 13 ft.
Docks/Doors: 2 Doors
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/19/2018

Overview / Comments

Investment opportunity in the Town of Jonesborough! Approximately 1,200 SF of office space and 4,800 SF of warehouse (fully leased). There are 2 restrooms within the office space and one shower. The warehouse also has 2 restrooms for two separate tenants. The building is well insulated and has a new heat pump.

The two Tenants are a Welding Business and a transmission/towing company.

Monthly Income- $2,500/month

Building Highlights - 6,000 SF
- 4 Offices
- 3 Restrooms
- 1 Shower
- 1,200 SF Office
- 4,800 SF Warehouse
- Separate Office and Warehouse Security System
- 2 Drive-In Bay Doors
- 3 Phase Power
- Automatic Roll-Up Bay Doors
- Break Room/Kitchenette
- New Heat Pump
- .6 Acres


Finance Data Year 2018
Real Estate Taxes - Annual($) $3,154 (Annual)
Gross Operating Income $30,000 (Annual)

Additional Details

Nearest MSA: Johnson City
County: Washington
Market Type: Medium
Property Located Between: W. Jackson Blvd and W. Main St.
Side of Street: North
Tenancy: Multiple Tenants
Property Condition: Average
Year Built: 1978
Roof Type: Arched
Heat Type: Electricity
Heat Source: Central
Lot Frontage: 50
Lot Depth: 240

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 14,908 33,449
Median Age: 41.26 41.09
Households: 5,935 13,549
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