$2,195,000
Johnson City, TN 37615
MLS# 9962141
13 sqft
1 / 94
Property Description
Welcome to a remarkable investment opportunity presented by The Addington Agency! Nestled at 154 Judge Gresham Rd and constructed in 2018, this state of the art flex space spans over 13,000 square feet and is currently home to a long standing local enterprise, boasting a NNN lease with 14 years remaining, underscored by an annual rent escalation of 3%. Strategically positioned in the heart of a rapidly growing market, this property is located within a quick drive to anywhere in the TriCities offering easy accessibility to I-26 and Bobby Hicks Hwy promoting excellent visibility! Boasting over 8,000+ sqft of meticulously designed office space with 9 designated offices, a welcoming reception area, spacious lobby, 5 lavatories, versatile conference/training room, and multiple storage rooms; this place has it all. The property also boasts over 4,500+ square feet of warehouse space, complete with three 14' automated garage doors, a 10' automated door with a loading dock, and a 12' automated door at the rear for secured parking, and complemented by a sprawling 1,000+ square feet covered carport, also ideal for private parking, storage, or potential conversion into additional conditioned space. Custom built with quality in mind, this steel-framed building offers an array of features including 23' eve height, 28' peak, 6'' concrete pad in warehouse, 3-Phase power, automated LED lighting, fully sprinklered, and a security system paired with surveillance and key card entry system for staff. Furthermore, the property offers a fenced in parking area, catering to diverse operational needs. TCAC has been the local cornerstone of this industry since 1969, and provides a stable track record of success with consistent growth over the years, ensuring comfort with your investment. Zoned I-1, and situated on 1.75 acres adjoining Food City and various high-density housing developments, this versatile structure not only represents a lucrative investment opportunity but also offers
Details
Maps
Location, Tax & Legal Info
Street #: 154
Street Name: Judge Gresham
St Suffix: Road
County: Washington
State/Province: TN
Zip Code: 37615
Area: 307 - Gray/Boones Creek
Deed Book #: R931
Deed Page #: I1039
Parcel ID: 012 026.05
City Taxes: 6813.43
County Taxes: 8467.56
Contract Info
Status: Active
Listing Price: 2195000
Current Price: $2,195,000
List Price/SqFt: 168846.15
Listing Date: 2024-02-19
Buyer Broker: Yes
Buyer Broker Comm: 3
Buyer Broker Comm Type: %
Foreclosure: No
Short Sale: No
Auction: No
General Property Description
Lease: Yes
Lot Size: See Acreage
Acres: 1.76
Zoning: I-1
Year Built: 2018
Total SqFt: 13
Total SqFt Finished: 13800
# Parking Spaces: 35
HOA Y/N: No
# Restrooms: 5
Annual Lease $: 120000
Remarks & Misc
Public Remarks: Welcome to a remarkable investment opportunity presented by The Addington Agency! Nestled at 154 Judge Gresham Rd and constructed in 2018, this state of the art flex space spans over 13,000 square feet and is currently home to a long standing local enterprise, boasting a NNN lease with 14 years remaining, underscored by an annual rent escalation of 3%. Strategically positioned in the heart of a rapidly growing market, this property is located within a quick drive to anywhere in the TriCities offering easy accessibility to I-26 and Bobby Hicks Hwy promoting excellent visibility! Boasting over 8,000+ sqft of meticulously designed office space with 9 designated offices, a welcoming reception area, spacious lobby, 5 lavatories, versatile conference/training room, and multiple storage rooms; this place has it all. The property also boasts over 4,500+ square feet of warehouse space, complete with three 14' automated garage doors, a 10' automated door with a loading dock, and a 12' automated door at the rear for secured parking, and complemented by a sprawling 1,000+ square feet covered carport, also ideal for private parking, storage, or potential conversion into additional conditioned space. Custom built with quality in mind, this steel-framed building offers an array of features including 23' eve height, 28' peak, 6'' concrete pad in warehouse, 3-Phase power, automated LED lighting, fully sprinklered, and a security system paired with surveillance and key card entry system for staff. Furthermore, the property offers a fenced in parking area, catering to diverse operational needs. TCAC has been the local cornerstone of this industry since 1969, and provides a stable track record of success with consistent growth over the years, ensuring comfort with your investment. Zoned I-1, and situated on 1.75 acres adjoining Food City and various high-density housing developments, this versatile structure not only represents a lucrative investment opportunity but also offers
Directions: From Johnson City, head northwest on I-26 W. Take exit 13 to merge onto TN-75 N/Bobby Hicks Hwy. Turn left onto Roy Martin Rd. Turn left onto Gray Station Rd. Turn left onto Judge Gresham Rd.
Property Features
Property Condition: Above Average
Business Type: Building Trade; Distribution; Industrial; Manufacturing
Exterior Finish: Aluminum Siding
Other Equipment: Delivery Doors; Fire Alarm; Fire Sprinkler System; Free Standing; Garage Bay(s); Inside Storage; Loading Dock(s); Overhead Doors; Refrigerator; Security Fence; Security System; See Remarks
Roof: Metal
Electric Service: Phase 3
Development Status: Infrastructure In
Heating: Heat Pump; Other
AC: Heat Pump
Water: Public
Sewer: Septic Tank
Road Access: City Street
Info Available: Building Plan; Floor Plan; Leases; Rental Roles; See Remarks
Restrictions: Other
Financing: Cash; Conventional
Sale Includes: Lease Hold
Supplements
boundless potential to accommodate a myriad of business ventures including manufacturing, processing, fabrication, construction, storage, or multi-tenant conversion, among many others. Opportunities of this caliber in this location rarely come to market, and this opportunity will not last long priced to sell at $2.4M. Call today to schedule your appointment!
Listing Office: The Addington Agency Bristol
Last Updated: April - 19 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.