Walnut Street Retail

Retail-Commercial for Sale
Also listed as Industrial, Office
Catylist Listing ID: 30355021
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Street Retail, Vehicle Related, Other
Building Size (RSF): 7,596 SF
Gross Building Area: See Agent
Gross Land Area: 0.50 Acres
Sale Price: $449,000
Unit Price: $59.11 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/8/2019

Overview / Comments

Former print shop building is available for sale in the Walnut Street corridor, adjacent to the Model Mill redevelopment site. The Model Mill will be a mixed use redevelopment with office, retail, restaurants and a hotel. The building includes 3 phase 400-amp electrical, mostly open floor plan, drive-in overhead door and a storage shed for extra storage. Signage is attached to the front of the building, and the rear of the building is fenced. The property is located approx. 1 mile from East Tennessee State University, and less than one mile from I-26 and Downtown Johnson City.

From I-26: Take exit 23, then travel west on E Market St. Take the first left onto Colonial Way. Turn right onto E State of Franklin Rd, then left onto Sevier Street. Turn right onto W Walnut St. Subject will be on the left at the intersection of Southwest Ave.

Additional Details

Nearest MSA: Johnson City
County: Washington
Tax ID/APN: 054C H 031.00
Zoning: WWD
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Visibility: Good
Highway Access: I-26
Airports: Tri Cities Regional Airport
Tenancy: Single Tenant
Property Condition: Average
Year Built: 1940
Construction/Siding: Brick
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,217 46,847 77,000
Median Age: 32.36 37.08 38.7
Households: 4,443 20,312 33,036


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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