Reduced !!! Jonesborough Hwy 11-E Commercial Property

Office for Sale
Catylist Listing ID: 30442939
Property Subtypes: Governmental, Medical, Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 12,500 SF
Gross Building Area: See Agent
Gross Land Area: 1.57 Acres
Sale Price: $290,000
Unit Price: $23.20 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/2/2020

Overview / Comments

Just Reduced!!!! This 12,500 SF building was originally constructed as a locally owned grocery store. In recent years the property has been utilized for medical office space (2,200 SF +/-) and an event venue. The building is constructed of steel frame and block construction with a brick veneer storefront. Multiple entrances are available for access. The building is easily adaptable for a variety of single occupant or multiple occupant commercial sales, service, or office uses.

A large paved parking area is situated at the front of the building The size of this supporting site is estimated at 1.57 Acres +/- . There is additional land area along the western side of the building for complementary development or future parking expansion. This vacant lot is estimated to comprise 1.40 Acres +/- and is available for $105,000 or $75,000 per Acre. The property has not been subdivided and the owner will sell as a whole ($395,000) or separately.

This property is situated off E. Jackson Blvd. (US Hwy. 11-E) with a central and convenient location in Jonesborough. Nearby uses include government offices (USDA Building), various office/retail strip centers, the Food City S/C, fast food, banks, Jonesborough Elementary and Middle School, and various residential uses.

Additional Details

Nearest MSA: Johnson City
County: Washington
Tax ID/APN: Portion of Map 052K Group A Parcel 027.00
Property Visibility: Good
Site Description: Land with building is estimated at 1.57 Acres +/-. Subject to subdivision.
Typical SF / Floor: 12,500 SF
Year Built: 1978
Construction/Siding: Block
Exterior Description: Block/Steel, with brick veneer.
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Package Unit
Zoning Description: B-3, Arterial Business District
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 990 20,261 57,473
Median Age: 45.91 41.09 40.31
Households: 484 8,376 23,634


Photograph of Listing Agent

Josh Gouge

Green Commercial Realty, Inc.
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