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128 E Market Street

Johnson City, TN 37604
  • $690,000
  • STATUS: Active
  • ON SITE: 173 Days
  • MLS #: 9966006
UPDATED: 27 min ago
$690,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,330
    SQFT
  • $159
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1916
County:

School Ratings & Info

Description

Fantastic opportunity to own a piece of Downtown Johnson City!!! SELLER WILL CONSIDER OWNER FINANCING/LEASE-PURCHASE. Centrally located in the Downtown Historic District, this professionally decorated building provides opportunities for many types of businesses. The space contains two suites (Suite 1 offers a small reception area/office, two private offices, a conference room, and a kitchenette, Suite 2 offers a reception area, an open office, a private office, a conference room, and a kitchenette), three additional offices, two bathrooms and a basement. In total there is the potential for nine/ten offices, if the conference rooms are included. Tenants are on a month to month verbal lease, Current rents are below market rates. Doubling rents could yield a cap of 9.3%, based on current expenses. Possession to be 60 days from binding agreement date to close. New commercial rubber roof with 40-year life and 15-year warranty in 2023, newer furnace in 2020, two heat pumps-one new in 2023, shower in men's bathroom. Front entrance is on Market St and back entrance is on Main St, with wheelchair access from Main St.. Property is zoned B-2 for both business and residential use. Changes to the building exterior could require approval by the Historic Zoning Comm. Ask LA for City contact info. One conference table, four matching chairs, two reception chairs, one sofa, one bureau, one armoire, and one large file cabinet convey, if requested. Wall tapestry does not convey. All information is deemed reliable but not guaranteed. Buyers/Buyers Agent to verify all information.

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© 2024 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2024-11-08T15:00:06.607.
www.thgjohnsoncity.com/homes/150681952
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128 E Market Street Johnson City, TN 37604

  • Price: $690,000
  • Status: Active
  • On Site: 173 Days
  • Updated: 27 min ago
  • MLS #: 9966006
0
Beds
0
Baths
0
½ Baths
0.09
Acres
4,330
SQFT
$159
$/SQFT
1916
Built
Neighborhood:
Nw Johnson City
County:
Washington
Area:
Nw Johnson City
Property Description
Fantastic opportunity to own a piece of Downtown Johnson City!!! SELLER WILL CONSIDER OWNER FINANCING/LEASE-PURCHASE. Centrally located in the Downtown Historic District, this professionally decorated building provides opportunities for many types of businesses. The space contains two suites (Suite 1 offers a small reception area/office, two private offices, a conference room, and a kitchenette, Suite 2 offers a reception area, an open office, a private office, a conference room, and a kitchenette), three additional offices, two bathrooms and a basement. In total there is the potential for nine/ten offices, if the conference rooms are included. Tenants are on a month to month verbal lease, Current rents are below market rates. Doubling rents could yield a cap of 9.3%, based on current expenses. Possession to be 60 days from binding agreement date to close. New commercial rubber roof with 40-year life and 15-year warranty in 2023, newer furnace in 2020, two heat pumps-one new in 2023, shower in men's bathroom. Front entrance is on Market St and back entrance is on Main St, with wheelchair access from Main St.. Property is zoned B-2 for both business and residential use. Changes to the building exterior could require approval by the Historic Zoning Comm. Ask LA for City contact info. One conference table, four matching chairs, two reception chairs, one sofa, one bureau, one armoire, and one large file cabinet convey, if requested. Wall tapestry does not convey. All information is deemed reliable but not guaranteed. Buyers/Buyers Agent to verify all information.
Exterior Features

Construction Materials BrickSynthetic Stucco Roof Rubber

Interior Features

Building Area Total 4330 Cooling Central AirHeat Pump General Property Description Total Sq Ft Finish 4330 General Property Description Total Sq Ft Unfini 0 Heating CentralNatural Gas Heating YN Yes

Property Features

Association YN No Contract Info Auction No Contract Info Foreclosure No Contract Info Short Sale No Cooling YN Yes Current Financing [] Documents Available [] Easements Flood Zone Yes Listing Terms CashConventional New Construction YN No Other Equipment BasementExterior LightsHandicap AccessHandicap FacilitiesInside StorageLighting-FluorescentLighting-IncandescentRefrigeratorSmoke Detector(s) Property Condition Above Average Sewer Public Sewer Utilities [] Water Source Public Zoning B-2

Listing information © 2024 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Kelsey Barklow of Hurd Realty, LLC: 423-491-8335.



© 2024 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2024-11-08T15:00:06.607.
 
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The Huffaker Group | Keller Williams
3009 Greenline Rd
Johnson City TN, 37604