Office/Medical 1001 N Main in Erwin

Office for Sale
Catylist Listing ID: 30507380
Property Subtypes: Executive Suites, Governmental, Medical, Mixed Use, Office Building, Research & Development, Other
Building Size (RSF): 5,225 SF
Gross Land Area: 0.57 Acres
Sale Price: $325,000
Unit Price: $62.20 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class B
Usable Size (USF): 5,225 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/26/2019

Overview / Comments

Office/Medical Space for Sale in Erwin, TN on Main St, between two I-26 exits, and a minute from downtown. Perfect for a local health, or medical practice, and includes finished basement square footage with two current leases in basement to help pay for the debt service.

Upstairs medical space is 2625 sq ft, and boasts 8 exam rooms (one of which is an x-ray room), 2 bathrooms, waiting area, receptionist area, two offices, and a break room. Basement has unfinished area at 800 sq ft+/- for storage, and three rentable units, approximately 600 ft, 600 ft, and 1200 ft, two which are rented out for $900 per month.

Additional Details

Nearest MSA: Johnson City
County: Unicoi
Taxing Authority: Erwin and Unicoi
Tax ID/APN: 023F F 005.02
Property Located Between: exits on I-26 in Erwin, right on Main St
Property Visibility: Excellent
Highway Access: less than 5 minutes
Site Description: Medical space on first floor, with basement units and storage
Area Description: Erwin TN; a town in and the county seat of Unicoi County, Tennessee, United States.[8] The population was 6,097 at the 2010 census. It is part of the Johnson City Metropolitan Statistical Area, which is a component of the Johnson City–Kingsport–Bristol, TN-VA Combined Statistical Area – commonly known as the "Tri-Cities" region.
Total Number of Buildings: 1
Number of Stories: 15
Typical SF / Floor: 2,400 SF
Construction/Siding: Brick
Exterior Description: Brick construction
Parking Ratio: 18 (per 1000 SF)
Parking Type: Surface
Parking Description: surface,
Total Parking Spaces: 18
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: B-2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,879 12,578 16,735
Median Age: 42.93 44.8 44.69
Households: 1,654 5,289 7,020


Photograph of Listing Agent

Stephen J Goodson, ChFC

Remax Checkmate, Commercial Division NETAR CMLS Member
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