Massengill's - Downtown Retail

Retail-Commercial for Sale
Sale Pending
Also listed as Office
Catylist Listing ID: 30210739
Property Subtypes: Convenience Store, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Status: Pending
Building Size (RSF): 15,000 SF
Gross Building Area: See Agent
Sale Price: $585,000
Unit Price: $39 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/30/2018

Overview / Comments

PRIME REDEVELOPMENT OPPORTUNITY! Former Massengill's Specialty Shop, a 15,000 SF historic building, is available for sale at the lighted intersection of E Main Street and S Roan Street in Downtown Johnson City. The 3-story building features display windows fronting E Main Street and S Roan Street, 5 restrooms, an open floor plan, 10,000 SF retail space on the 1st and 2nd floor, 5,000 SF office/storage space on the 3rd floor and an additional 1,000 SF unfinished basement for storage. The space is easily accessible from a large public parking lot in the rear.

From I-26: Take exit 23, then travel west on Market St. Take the 2nd left onto S Roan St. Building will be on the right at the intersection of E Main St & S Roan St.

Additional Details

Nearest MSA: Johnson City
County: Washington
Tax ID/APN: 046M F 029.00
Zoning: B-2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Visibility: Good
Largest Nearby Street: E Main St
Feet of Frontage: 50
Traffic/Vehicle Count: 6,663
Highway Access: I-26
Airports: Tri Cities Regional Airport
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Fair
Year Built: 1900
Construction/Siding: Brick
Exterior Description: Display windows fronting E Main St and S Roan St
Parking Type: Surface
Parking Description: Public parking lots and on-street parking
Heat Source: Central
Zoning Description: B-2, Central Business District
Lot Frontage: 50
Lot Depth: 100

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,475 48,725 76,535
Median Age: 35.23 37.53 38.33
Households: 4,329 21,044 32,842
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.