Downtown Office Bldg, 208 W. Fairview

Office for Sale
Catylist Listing ID: 30223461
Property Subtypes: Executive Suites, Governmental, Institutional, Medical, Office Building, Research & Development, Other
Building Size (RSF): 3,500 SF
Gross Land Area: 0.42 SF
Sale Price: $195,000
Unit Price: $55.71 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class B
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 5/19/2018

Overview / Comments

Solid brick exterior, brand new metal roof, an excess amount of parking, priced well below the cost to build and located just on the outskirt of the reviving downtown Johnson City! This is a well built structure and will be an excellent investment over the next 3 to 5 years. Any new business, relocation of a business or investor should consider this opportunity when looking for a location with instant equity. The building offers central heating and air with gas heat. Approximately 7 offices, large reception area and conference room. There are four entrances into the building, which may allow for a multi-tenant opportunity. Would make an excellent owner-occupied Landlord.

Additional Details

Nearest MSA: Johnson City
County: Washington
Zoning: B3
Property Visibility: Good
Highway Access: Within 2 minutes to I-26
Airports: 16 miles
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1980
Roof Type: Arched
Construction/Siding: Brick
Parking Description: 6.2/1000
Total Parking Spaces: 22
Heat Type: Natural Gas
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,022 45,749 79,310
Median Age: 37 37.24 38.53
Households: 4,630 19,761 33,936
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