$715,000
Johnson City, TN 37604
MLS# 9921152
Status: Closed
4087 sqft
1 / 13
Property Description
Looking for a lower price point for an investment opportunity? THIS IS IT!! Fantastic A-grade location with strong tenant appeal or redevelopment potential. This NNN leased restaurant property is 200 feet east of one of the region's top 3 busiest intersections, West Market Street at State of Franklin Road. The building is good quality masonry construction and was completely renovated in 2018. Offered at a 7.5% cap rate. Property being sold subject-to the existing lease. PLEASE DO NOT DISTURB OR DISRUPT THE TENANT OR BUSINESS OPERATIONS.
Details
Maps
Documents
Location, Tax & Legal Info
Lot #: 2
Parcel ID: 054a B 010.01 000
Deed Book #: R297
Deed Page #: I1891
City Taxes: 3752.42
County Taxes: 4717.96
Contract Info
List Price/SqFt: 195.74
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 800000
Current Price: $715,000
Listing Date: 2021-04-19
General Property Description
Acres: 0.49
Lot Size: 115x175
Zoning: C
HOA Fee: 0
Stories: 1
Total SqFt Finished: 3696
Total SqFt Unfinished: 391
# Parking Spaces: 48
# Restrooms: 2
Annual Lease $: 60000
Year Built: 1958
Total SqFt: 4087
Remarks & Misc
Directions: On Market Street, head toward intersection of State of Franklin and Market. Building is on the right.
Property Condition
Above Average: 1
Business Type
Restaurant: 1
Exterior Finish
Synthetic Stucco: 1
Other Equipment
Delivery Doors: 1
Dishwasher: 1
Display Window: 1
Dumpster: 1
Exterior Lights: 1
Fire Alarm: 1
Free Standing: 1
Handicap Access: 1
Range: 1
Refrigeration: 1
Roof
Asphalt: 1
Metal: 1
Road Access
City Street: 1
Electric Service
220 Volts: 1
Development Status
Cleared: 1
Infrastructure In: 1
Heating
Heat Pump: 1
Info Available
Floor Plan: 1
Traffic: 1
AC
Heat Pump: 1
Water
Public: 1
Sewer
Public Sewer: 1
Restrictions
Building: 1
Financing
Cash: 1
Conventional: 1
Sale Includes
See Remarks: 1
Location Tax Legal Info
Street #: 1800
St Direction: West
Street Name: Market
St Suffix: Street
County: Washington
State/Province: TN
Zip Code: 37604
Area: 301 - NW Johnson City
Status Change Info
Date Pending: 2022-02-04
Sold Date: 2022-06-01
Sold Price: $715,000
Property Features
Property Condition: Above Average
Business Type: Restaurant
Exterior Finish: Synthetic Stucco
Other Equipment: Delivery Doors; Dishwasher; Display Window; Dumpster; Exterior Lights; Fire Alarm; Free Standing; Handicap Access; Range; Refrigeration
Roof: Asphalt; Metal
Electric Service: 220 Volts
Development Status: Cleared; Infrastructure In
Heating: Heat Pump
AC: Heat Pump
Water: Public
Sewer: Public Sewer
Road Access: City Street
Info Available: Floor Plan; Traffic
Restrictions: Building
Financing: Cash; Conventional
Sale Includes: See Remarks
Brochure 
Listing Office: CENTURY 21 Legacy
Last Updated: July - 11 - 2022
Information deemed reliable but not guaranteed.