Walnut Street Showroom/Warehouse

Industrial for Sale
Sale Pending
Catylist Listing ID: 30465353
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Office Showroom, Warehouse/Distribution, Other
Status: Pending
Building Size (RSF): 29,529 SF
Gross Building Area: See Agent
Gross Land Area: 1.50 Acres
Sale Price: $1,249,000
Unit Price: $42.30 PSF
Ceiling: 20 ft.
Office SF: 4,718 SF
Drive In Bays: 7 Bays
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/23/2021

Overview / Comments

1.5 acre lot with two buildings totaling 29,529 SF is available for sale at the corner of West Walnut Street and West Watauga Avenue in Downtown Johnson City. The site is located next to the newly-redeveloped Model Mill, across from the famous Firehouse Restaurant and is visible from West State of Franklin Road. Parking is available on both sides of the building and the storage yard is paved and fenced. There is a pole sign with an electronic reader board on the corner.

Main building
4,718 SF office/showroom and 20,971 SF warehouse/manufacturing floor with 20’ ceiling, 12x12’ drive-in door, covered exterior loading dock with (2) 9x9’ drive-in doors and 9x9’ drive-in door with dock leveler; Most office furniture can be included

Storage building
16’ eaves, 20’ center, 20x13’ drive-in door, (2) 19x13.5’ drive-in openings

Additional Details

Nearest MSA: Johnson City
County: Washington
Tax ID/APN: 090054F A 02300
Zoning: WWD
Highway Access: I-26
Airports: Tri Cities Regional Airport
Area Description: Adjacent to Model Mill redevelopment site
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Year Built: 1968
Construction/Siding: Metal Siding
Parking Type: Surface
Parking Description: Parking on both sides of building

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,166 48,333 75,787
Median Age: 31.91 37.25 38.59
Households: 3,976 20,927 32,537


Photograph of Listing Agent

John Speropulos, CCIM, SIOR

Mitch Cox Realtor, Inc. NETAR CMLS Member
Photograph of Listing Agent

Marc Murphy, CCIM

Mitch Cox Realtor, Inc. NETAR CMLS Member
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