1012 W Market st

Retail-Commercial for Sale
Catylist Listing ID: 30757254
Property Subtypes: Convenience Store, Mixed Use, Street Retail, Other
Building Size (RSF): 8,748 SF
Gross Land Area: 0.48 Acres
Sale Price: $550,000
Unit Price: $62.87 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Business
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 100
Last Updated: 8/25/2021

Overview / Comments

Strong income producing Strip-Center on heavily traveled Market Street in Johnson City. Center is highly visible, with stable income, and minimum expenses. Current tenants include two finance companies, and two small retail/service businesses.

Income and lease information will be provided upon request.

Approximately 25,000 cars a day, property has marquee signage, and 175 ft of road frontage on .48 acres.

Additional Details

Nearest MSA: Johnson City
County: Washington
Taxing Authority: Johnson City
Tax ID/APN: 090 054A G 04500 000 2020
Zoning: B 4
Retail Clientele: General, Family, Business, Tourist, Other
Property Located Between: State of Franklin and Downtown Johnson City
Property Visibility: Excellent
Largest Nearby Street: W Market st
Feet of Frontage: 175
Traffic/Vehicle Count: 25,000
Highway Access: I-26
Airports: Tri-Cities Airport
Site Description: .48 acres, flat, surface parking,
Area Description: Johnson City TN, part of the Tri-Cities in Eastern Tn, growth area for retail and seervice industriees.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1978
Roof Type: Flat
Construction/Siding: Stucco
Parking Type: Surface
Parking Description: Surface
Zoning Description: B 4
Lot Frontage: 175
Lot Depth: 120
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,169 49,666 81,227
Median Age: 34.15 37.44 39.14
Households: 3,237 21,440 34,884

Contact

Photograph of Listing Agent

Stephen J Goodson, CLU, ChFC

Remax Checkmate, Commercial Division NETAR CMLS Member
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