$640,000
Johnson City, TN 37601
MLS# 364516
Status: Closed
17790 sqft
1 / 9
Property Description
Building has strong tenant (State of Tennessee Department of Human Services) which translates to strong investment income potential with cap rate of 12%. Building meets state ADA requirements and has been meticulously maintained. Great location near interstate as well as downtown area. Seller will consider owner-financing for the right situation. All info provided by seller and/or courthouse records. Buyer, buyer/agent to verify all information.
Details
Maps
Location, Tax & Legal Info
Lot #: A
Unit #: 0
Parcel ID: 046M H 001.00
Block: 25
Deed Book #: R596
Deed Page #: I2144
City Taxes: 8513.42
County Taxes: 10404.24
Contract Info
List Price/SqFt: 41.32
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 735000
Current Price: $640,000
Listing Date: 2015-06-25
General Property Description
Acres: 2.09
Lot Size: 285.6 x 384.93
Zoning: B2
Stories: 1
Total SqFt Finished: 17790
Total SqFt Unfinished: 0
# Restrooms: 4
Annual Lease $: 149412.96
Year Built: 1985
Total SqFt: 17790
Remarks & Misc
Directions: Take Roan Street exit off of I-26. Go toward downtown Johnson City on Roan Street. After crossing Main Street, turn left onto E. Walnut Street. Go to end of street. Building on the left.
Property Condition
Above Average: 1
Business Type
Professional Service: 1
Exterior Finish
Brick: 1
Other Equipment
Dumpster: 1
Exterior Lights: 1
Fire Alarm: 1
Fire Sprinkler System: 1
Handicap Access: 1
Handicap Facilities: 1
Humidity Control: 1
Lighting-Fluorescent: 1
Security System: 1
Roof
Metal: 1
Road Access
City Street: 1
Electric Service
220 Volts: 1
Phase 3: 1
Development Status
Cleared: 1
Finished Lot(s): 1
Heating
Central: 1
Electric: 1
Info Available
Leases: 1
Profit/Loss Statement: 1
AC
Central Air: 1
Heat Pump: 1
Water
Public: 1
Sewer
Public Sewer: 1
Restrictions
Building: 1
Easements
Other: 1
See Remarks: 1
Financing
Cash: 1
Conventional: 1
Sale Includes
Fee Simple: 1
Location Tax Legal Info
Street #: 103
Street Name: Walnut
County: Washington
State/Province: TN
Zip Code: 37601
Area: 304 - SW Johnson City
Status Change Info
Date Pending: 2015-07-25
Sold Date: 2015-07-29
Sold Price: $640,000
Property Features
Property Condition: Above Average
Business Type: Professional Service
Exterior Finish: Brick
Other Equipment: Dumpster; Exterior Lights; Fire Alarm; Fire Sprinkler System; Handicap Access; Handicap Facilities; Humidity Control; Lighting-Fluorescent; Security System
Roof: Metal
Electric Service: 220 Volts; Phase 3
Development Status: Cleared; Finished Lot(s)
Heating: Central
AC: Central Air; Heat Pump
Water: Public
Sewer: Public Sewer
Road Access: City Street
Info Available: Leases; Profit/Loss Statement
Restrictions: Building
Easements: Other; See Remarks
Financing: Cash; Conventional
Sale Includes: Fee Simple
Listing Office: The Property Experts JC
Last Updated: September - 26 - 2020
Information deemed reliable but not guaranteed.