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 |
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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Neither Northeast Tennessee Association of REALTORS® nor
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