206 W. Oakland Avenue Investment Property

Retail-Commercial for Sale
Catylist Listing ID: 30646509
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 5,985 SF
Gross Building Area: See Agent
Gross Land Area: 0.48 Acres
Sale Price: $313,500
Unit Price: $52.38 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2020

Overview / Comments

Fully Leased! A perfect, low maintenance investment in North Johnson City. This is a .48 acre commercial site with a 5,985 sf stand-alone building. This is the middle of three lots for sale comprising the Oakland Avenue Commercial Center. Shared amenities among the three lot owners include cross-parking, ingress and egress, common dumpster, and pylon sign. Owner of this lot is reimbursed for his portion of the maintenance responsibilities through the tenant’s triple net lease. See attached financials and plat for lot details.

Property sits along well-established commercial zone with great visibility along West Oakland Avenue at North Roan Street, next to Pizza Hut and across from Mellow Mushroom. The intersection sees over 16,000 cpd. W. Oakland is a feeder street to both Interstate 26 and State of Franklin Road. Contact agent for property tour or for more details.

Additional Details

Nearest MSA: Johnson City
County: Washington
Tax ID/APN: 090037D A 00300

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,061 32,044 84,648
Median Age: 44.53 43.16 38.86
Households: 2,356 14,181 36,160

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