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Debby Gibson Real Estate Co.

contactus@debbygibson.com +1(423) 833-7492

$ 690,000

Est. payment -/mo

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Active

128 Market ST Johnson City, TN 37604

4,330 SqFt

UPDATED:

08/17/2024 06:47 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,330 sqft

Price per Sqft $159

MLS Listing ID 9966006

HOA Y/N No

Total Fin. Sqft 4330

Originating Board Tennessee/Virginia Regional MLS

Year Built 1916

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 25 x 160

Property Description

Fantastic opportunity to own a piece of Downtown Johnson City!!! SELLER WILL CONSIDER OWNER FINANCING/LEASE-PURCHASE. Centrally located in the Downtown Historic District, this professionally decorated building provides opportunities for many types of businesses. The space contains two suites (Suite 1 offers a small reception area/office, two private offices, a conference room, and a kitchenette, Suite 2 offers a reception area, an open office, a private office, a conference room, and a kitchenette), three additional offices, two bathrooms and a basement. In total there is the potential for nine/ten offices, if the conference rooms are included. Tenants are on a month to month verbal lease, Current rents are below market rates. Doubling rents could yield a cap of 9.3%, based on current expenses. Possession to be 60 days from binding agreement date to close. New commercial rubber roof with 40-year life and 15-year warranty in 2023, newer furnace in 2020, two heat pumps-one new in 2023, shower in men's bathroom. Front entrance is on Market St and back entrance is on Main St, with wheelchair access from Main St.. Property is zoned B-2 for both business and residential use. Changes to the building exterior could require approval by the Historic Zoning Comm. Ask LA for City contact info. One conference table, four matching chairs, two reception chairs, one sofa, one bureau, one armoire, and one large file cabinet convey, if requested. Wall tapestry does not convey. All information is deemed reliable but not guaranteed. Buyers/Buyers Agent to verify all information.

Location

State TN

County Washington

Area 0.09

Zoning B-2

Direction E Market St between S Roan St and Buffalo St

Interior

Heating Central, Natural Gas

Cooling Central Air, Heat Pump

Equipment Basement, Exterior Lights, Handicap Access, Handicap Facilities, Inside Storage, Lighting-Fluorescent, Lighting-Incandescent, Refrigerator, Smoke Detector(s)

Heat Source Central, Natural Gas

Exterior

Roof Type Rubber

Road Frontage City Street

Building

Sewer Public Sewer

Water Public

Structure Type Brick,Synthetic Stucco

New Construction No

Others

Senior Community No

Tax ID 046m E 007.00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Kelsey Barklow • Hurd Realty, LLC

Debby Gibson Real Estate Co.

+1(423) 833-7492

Debby Gibson Real Estate Co.

128 Market ST Johnson City, TN 37604

Key Details

Location

Interior

Exterior

Building

Others

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128 Market ST