Walnut Street Multi-Tenant Office Building

Office for Sale
Catylist Listing ID: 30269024
Property Subtypes: Business Park, Office Building
Building Size (RSF): 11,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.29 Acres
Sale Price: $575,000
Unit Price: $52.27 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/30/2018

Overview / Comments

Multi-tenant office building is available for sale on West Walnut Street, between Earnest Street and Buffalo Street in Downtown Johnson City. The first floor has 3 entrances, reception/waiting area, 16 offices, 3 restrooms, kitchenette and conference room. The 2nd floor has 2 entrances, 16 offices, 2 restrooms, kitchenette and 2 conference rooms. The roof was replaced in 2012, and one of the 4 HVAC units was replaced in 2014. The site includes a private parking lot, and is approx. one mile from ETSU and VA Medical Center.

From I-23: Take exit 23, then travel west on E Market Street. Take the first left onto Colonial Way. Turn right onto W State of Franklin Road, then turn left at the first traffic light onto S Roan Street. Turn right at the first traffic light onto W Walnut Street. Subject will be on the left in 0.3 miles.

Additional Details

Nearest MSA: Johnson City
County: Washington
Tax ID/APN: 054D N 009.00
Zoning: R2/WWD
Property Visibility: Good
Highway Access: I-26
Airports: Tri Cities Regional Airport
Area Description: Located between I-26, exit 23 and ETSU
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1950
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Private parking lot
Lot Frontage: 90
Lot Depth: 141.5

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,951 49,030 77,000
Median Age: 34.54 37.26 38.7
Households: 3,473 21,301 33,036
The information presented herein is provided as is, without warranty of any kind. Neither Northeast Tennessee Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.