$700,000
Johnson City, TN 37604
MLS# 9940099
Status: Closed
8008 sqft
1 / 14
Property Description
3 Unit Strip center available as a stable, and sharp investment property, dance studio, salon and insurance office, with ample parking, just behind Krogers off N Roan Street in Johnson City. Property boasts clean and professional office build outs, and 42 parking spaces on a newly sealed and striped lot. Lease to be formulated during contract period for middle unit for 5 years. Rent bump scheduled next year. Gross rents approximately $73,800, with low overhead. Great 1031 exchange property, or passive income for stable growth during inflation. 100% occupancy, and qualifying buyers through proof of funds, or bank letter for full showing to not disturb tenant or tenant business. All info to be verified by buyer/buyers agent.
Details
Maps
Location, Tax & Legal Info
Parcel ID: 038i D 005.00
Deed Book #: R369
Deed Page #: I1328
City Taxes: 4145.08
County Taxes: 5151.4
Contract Info
List Price/SqFt: 91.66
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 734000
Current Price: $700,000
Listing Date: 2022-06-30
General Property Description
Road Frontage Length: 100
Acres: 0.79
Lot Size: 34412
Zoning: B4
HOA Fee: 0
Stories: 1
Total SqFt Finished: 8008
Total SqFt Unfinished: 0
# Parking Spaces: 42
Annual Lease $: 73800
$ Lease/SqFt: 8008
Year Built: 1973
Total SqFt: 8008
Remarks & Misc
Directions: Turn left on Browns Mill at the krogers, strip center is just past it on the left.
Property Condition
Above Average: 1
Business Type
Barber/Beauty: 1
Professional Service: 1
Professional/Office: 1
Strip Center: 1
Exterior Finish
Brick: 1
Other Equipment
See Remarks: 1
Roof
Rubber: 1
Road Access
City Street: 1
Electric Service
220 Volts: 1
Development Status
See Remarks: 1
Heating
Electric: 1
Info Available
Leases: 1
Profit/Loss Statement: 1
Rental Roles: 1
AC
Heat Pump: 1
Water
Public: 1
Sewer
Public Sewer: 1
Restrictions
See Remarks: 1
Financing
Cash: 1
Conventional: 1
Sale Includes
Fee Simple: 1
Location Tax Legal Info
Street #: 2313
Street Name: Browns Mill
St Suffix: Road
County: Washington
State/Province: TN
Zip Code: 37604
Area: 301 - NW Johnson City
Subdivision: Not In Subdivision
Status Change Info
Date Pending: 2022-09-12
Sold Date: 2022-09-14
Sold Price: $700,000
Property Features
Property Condition: Above Average
Business Type: Barber/Beauty; Professional Service; Professional/Office; Strip Center
Exterior Finish: Brick
Other Equipment: See Remarks
Roof: Rubber
Electric Service: 220 Volts
Development Status: See Remarks
AC: Heat Pump
Water: Public
Sewer: Public Sewer
Road Access: City Street
Info Available: Leases; Profit/Loss Statement; Rental Roles
Restrictions: See Remarks
Financing: Cash; Conventional
Sale Includes: Fee Simple
Listing Office: REMAX Checkmate, Inc. Realtors
Last Updated: September - 15 - 2022
Information deemed reliable but not guaranteed.