Boone Ridge Business Condo Sale

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30168511
Property Subtypes: Business Park, Executive Suites, High-Tech, Medical, Mixed Use, Flex Space, Net Leased, Office Building, Research & Development, Other
Status: Pending/Contingent
Building Size (RSF): 5,050 SF
Gross Building Area: See Agent
Gross Land Area: 1.62 Acres
Sale Price: $650,000
Unit Price: $128.71 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Boone Ridge
Class of Space: Class B
Usable Size (USF): 5,050 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/20/2022

Overview / Comments

Boone Ridge Business Condo for sale, units 201-204, sold as a whole investment portfolio, possible passive income, or owner/operator. Class B office space in the beautiful Boone's Creek area just off of Boone's Creek exit, across from pal's. . Perfect for a corporate headquarters, executive offices, R&D, or a perfect investment property.

201-202 is 3110 sq ft of Administrative offices, 2 large executive offices, 1 receptionist waiting area, multiple medium and small offices, etc. Full kitchen break room, conference room, 2 bathrooms; 203 leased for one year at 650 sq ft, and 204 leased with 1290 sq ft of office space. Rent Roll available to qualified buyers upon request.

Great location a quarter mile from interstate 26. As owner operator space or rental space, 201 & 203 could be combined with minimal effort.

Current Tenants

Tenant Business Name 1
Industry Type Finance and Insurance
Is Renting? Yes
Annual Revenue $11,400 (Annual)
Suite Number 203
SF of Space Occupied 650 SF
Lease Expiration 9/0022
Tenant Business Name 2
Is Renting? Yes
Annual Revenue $18,918 (Annual)
Suite Number 204
SF of Space Occupied 1,290 SF
Current Rent $1,576 PSF (Annual)
Tenant Business Name 3
Is Renting? Yes
Annual Revenue $41,767 (Annual)
Suite Number 201-202
SF of Space Occupied 3,110 SF
Current Rent $3,481 PSF (Annual)

Additional Details

Nearest MSA: Johnson City
County: Washington
Taxing Authority: Johnson City
Tax ID/APN: 090021 06703
Property Located Between: Behind Bob Evans
Highway Access: I-26 Booones Creek access is less than a half mile from Business site.
Airports: Tri-Cities Regional Airport
Site Description: Business Condo
Area Description: Boones Creek Commercial Corridor, in Northern Johnson City, TN. beautiful, lush and fast growing commercial area, with ease of access.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2005
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Building surface parking
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,257 19,859 64,564
Median Age: 37.25 42.32 41.5
Households: 578 8,493 28,005


Photograph of Listing Agent

Stephen J Goodson, CLU, ChFC

Remax Checkmate, Commercial Division NETAR CMLS Member
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