107 & 109 E Main Street , -

Description

Premium urban living & business opportunity in the heart of ''Tennessee's Oldest Town'', Historic Downtown Jonesborough, TN. Jonesborough was recently featured in Southern Living Magazine for 15 Best Weekend Getaways in Tennessee. Jonesborough is part of the Johnson City metropolitan statistical area, which is a component of the Johnson City-Kingsport-Bristol, TN and VA combined statistical area - commonly known as the ''Tri-Cities'' region. Built in 1871, Lampson Hall, located directly across from the Historic Washington County Courthouse, continues to thrive for over 153 years as a successful business site. In 2023, Olde Town Condominiums was established for the upper level, Suite 301. Completely renovated in 2013, this building showcases its historical charm through the exposed brick walls, original hardwood floors, & original dumbwaiter shaft that services all three floors. The roof was replaced with a metal roof in 2020, and the back exterior steps were replaced in 2023. Building addresses include 107 E Main Street & 109 E Main Street, Ste 101, 201 (A, B, & C), & 301. The main level consists of 3003 sq', complete w/ commercial kitchen, gas log fireplace, built-in bar, half bath (107 E Main St) & separate space w/ additional half bath & certified warming kitchen that is currently being occupied as a coffee shop (109 E Main St, Ste 101). The 2nd level, boasting 3003 sq', features multiple office spaces, 1 full bath & 1 half bath, 2 fireplaces, & a certified warming kitchen (109 E Main St, Ste. 201 (A, B, & C)). The top level (penthouse) unit, also boasting 3003 sq', features 3 bedrooms, 2 full bathrooms, large kitchen & open concept great room w/ gas log fireplace (109 E Main St, Ste 301). This building includes FIVE dedicated parking spaces, located in the parking lot behind the building. This property is loaded with charm & character. Opportunities like this don't come available often. This is truly a MUST-SEE property. Note: CRS is showing last sale of the condo unit only (109 East Main Street, Suite 301), for $650,000, that was purchased in 2023. This purchase was not for the entire building. This was only for the purchase of the 3 BR/ 2 BA condo unit on the top floor. Income information for commercial space: Current monthly revenue: $7,550 / Potential monthly revenue: $9,050 (107 East Main Street (retail space & commercial kitchen) - $4,900/month; 109 East Main Street, Suite 101 - $1,000/month, 109 East Main Street, Suite 201A - $1,000/month; 109 East Main Street, Suite 201B - $750/month; 109 East Main Street, Suite 201C (currently not rented)- $1,500). Parking spots rent out to tenants for $100/month. NOTE: HOA was established so that the 3rd level (109 E Main St, Ste 301) could be sold. The HOA fee listed in MLS is what the owner of Suite 301 would pay monthly. HOA covers insurance and water. This building... 107 East Main Street & 109 East Main Street, Suite 101 & 201 (A, B, & C) ... is listed in MLS, under Commercial, for $1,550,000. See MLS #9965581. Note: If 109 E Main St, Ste 301 is excluded, only 3 parking spaces would be included. All information herein deemed reliable but subject to buyers' verification.