Justis and Jones

Office for Sale
Catylist Listing ID: 29995926
Property Subtypes: Office Building
Building Size (RSF): 11,262 SF
Gross Land Area: 1.47 Acres
Sale Price: $440,000
Unit Price: $39.07 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: J&J Center
Class of Space: Class B
Usable Size (USF): 11,262 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/11/2019

Overview / Comments

Office Building in the heart of Greeneville's retail area. Located between Walgreen's on Andrew Johnson Hwy and Weigle's on Tusculum Blvd.
Property construction block/brick construction, flat built up roof, concrete slab, roll out windows, wall heat and air conditions/ heat pumps, handi-capped baths, paved parking lot.
Property has 5 tenants with varying size and rent structure.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $8,221 (Annual)
Tax Value Land $177,400
Tax Value Improvements $352,800
Tax Value Personal Property $0
Assessed Value - Total($) $212,080 (Annual)
Gross Operating Income $51,600 (Annual)
Net Operating Income $28,379 (Annual)
Lender Name N/A

Current Tenants

Tenant Business Name 520 Justis Drive
Contact Name Wendy C Warner
Phone Number 4236397653
Suite Number 520
SF of Space Occupied 4,142 SF
Tenant Business Name Warner Realty Company
Contact Name Wendy C Warner
Contact Title Broker/Property Manager
Phone Number 423-639-7653
Website URL warnerrealtyco.com
Industry Type Real Estate and Rental and Leasing
Is Renting? Yes
Employees Total 2
Employees at Location 2
Year Founded 1994
Suite Number 522
SF of Space Occupied 2,000 SF
Current Rent $6 PSF (Annual)
Tenant Business Name Touch of Class Salon
Industry Type Professional/Scientific/Technical Services
Is Renting? Yes
Employees Total 2
Employees at Location 2
Suite Number 5
SF of Space Occupied 1,178 SF
Current Rent $7 PSF (Annual)
Tenant Business Name Fresh Face
Industry Type Professional/Scientific/Technical Services
Is Renting? Yes
Employees Total 2
Employees at Location 2
SF of Space Occupied 1,140 SF
Current Rent $4 PSF (Annual)

Additional Details

Nearest MSA: Greeneville
County: Greene
Taxing Authority: Greene County
Tax ID/APN: 87NB 003.00
Zoning: B-4
Property Located Between: East Andrew Johnson Highway and Tusculum Blvd
Property Visibility: Excellent
Highway Access: East Andrew Johnson Hwy, 11E North, State Route 34
Airports: Tri City, McGee Tyson
Site Description: Sloping to level
Area Description: Retail/Medical
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 4,000 SF
Year Built: 1973
Year Renovated: 2000
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: Painted Brick
Parking Type: Surface
Parking Description: Paved Parking lot is completely around building. Paved Parking lot is on a slope. Pavement is adequate however needs replacing.
Total Parking Spaces: 40
Sprinklers: None
Heat Type: Electricity
Heat Source: Wall Units, Heat Pump
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: Painted Concrete Block Walls , carpet, vinyl floor covering
Zoning Description: B-4 Highest Business Zoning
Lot Frontage: 250
Lot Depth: 260
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Adjoining property owner for ingress/egreee
Land Ownership: Joint Partnership
Legal Description: Tax Map 87NB Parcel 003.00 Warranty Deed Book 225/154 & 497A/148

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,709 19,843 31,573
Median Age: 43.58 41.22 42.24
Households: 3,021 8,213 12,935

Contact

Photograph of Listing Agent

Wendy Carter Warner,CCIM

Warner Realty Company, Inc. NETAR CMLS Member
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