$2,050,000
Johnson City, TN 37615
MLS# 9971438
Status: Closed
13800 sqft

1 / 44
Property Description
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
Parcel ID: 012 026.05
Deed Book #: R931
Deed Page #: I1039
City Taxes: 6813.43
County Taxes: 8467.56
Contract Info
List Price/SqFt: 159.06
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 2195000
Current Price: $2,050,000
Listing Date: 2024-09-20
General Property Description
Acres: 1.76
Lease: Yes
Lot Size: See Acreage
Zoning: I-1
HOA Y/N: No
Total SqFt Finished: 13800
Total SqFt Unfinished: 0
# Parking Spaces: 35
# Restrooms: 5
Annual Lease $: 120000
Year Built: 2018
Total SqFt: 13800
Remarks & Misc
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 Condition
Above Average: 1
Business Type
Building Trade: 1
Distribution: 1
Industrial: 1
Manufacturing: 1
Exterior Finish
Aluminum Siding: 1
Other Equipment
Delivery Doors: 1
Fire Alarm: 1
Fire Sprinkler System: 1
Free Standing: 1
Garage Bay(s): 1
Inside Storage: 1
Loading Dock(s): 1
Overhead Doors: 1
Refrigerator: 1
Security Fence: 1
Security System: 1
See Remarks: 1
Roof
Metal: 1
Road Access
City Street: 1
Electric Service
Phase 3: 1
Development Status
Infrastructure In: 1
Heating
Heat Pump: 1
Other: 1
Info Available
Building Plan: 1
Floor Plan: 1
Leases: 1
Rental Roles: 1
See Remarks: 1
AC
Heat Pump: 1
Water
Public: 1
Sewer
Septic Tank: 1
Restrictions
Other: 1
Financing
Cash: 1
Conventional: 1
Sale Includes
Lease Hold: 1
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
Status Change Info
Date Pending: 2025-02-14
Sold Date: 2025-03-31
Sold Price: $2,050,000
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 $2.195M. Call today to schedule your appointment!
Listing Office: The Addington Agency Bristol
Last Updated: April - 01 - 2025
Information deemed reliable but not guaranteed.