Historic Mixed-Use
For Sale
$950,000
107 & 109 E Main Street, Jonesborough, TN 37659
COMMERCIAL - Jonesborough, TN
Property Size6,006 SF
Price / SF$158.18
Days on Market88
Property Features for 107 & 109 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B2
Parking
3
Fireplace
1
Subdivision
Not In Subdivision
Directions
Main St downtown Jonesborough, directly across from the Washington County Courthouse.
Standard status
Active
APN
060a E 021.00
Size
6,006 SF
Taxes and HOA fees
Tax Annual Amount
3516
HOA Fee
$535 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Fireplace(s), Natural Gas
Cooling system
Heat Pump, Central Air, Ceiling Fan(s)
Water source
Public
Amenities
exposed brick
original hardwood floors
dumbwaiter shaft
commercial kitchen
gas log fireplace
built-in bar
certified warming kitchen
Building Details
Year built
1871
Building materials
Brick
Roof type
Metal
Listing Agency:
Property Executives Johnson City
(423) 952-0226
Listed By:
Lisa Stover · License #371598
(423) 612-2095
Added: May 9
Changed: Aug 4
Last Checked: Aug 4 at 11:06PM
MLS# 9995153
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-level mixed-use building at 107 and 109 E Main Street contains approximately 6,006 square feet, with 3,003 square feet on each floor. The main level includes retail areas, a commercial kitchen, built-in bar, gas log fireplace, and two half baths, including a separate suite with a certified warming kitchen. The second level provides multiple office spaces, one full bath, one half bath, two fireplaces, and another certified warming kitchen. Established tenants occupy portions of the property.
Originally constructed in 1871 and renovated in 2013, the brick building retains exposed masonry, original hardwood floors, and a historic dumbwaiter shaft. A metal roof was installed in 2020, and exterior access was updated in 2023. Three dedicated parking spaces are located behind the building. The property has B2 zoning, public water, public sewer, forced-air and natural-gas heating, heat-pump and central-air cooling, and a Main Street setting in downtown Jonesborough.
Originally constructed in 1871 and renovated in 2013, the brick building retains exposed masonry, original hardwood floors, and a historic dumbwaiter shaft. A metal roof was installed in 2020, and exterior access was updated in 2023. Three dedicated parking spaces are located behind the building. The property has B2 zoning, public water, public sewer, forced-air and natural-gas heating, heat-pump and central-air cooling, and a Main Street setting in downtown Jonesborough.
Key Highlights
- Approximately 6,006 square feet across two levels, with 3,003 square feet per floor
- Main level includes retail space, commercial kitchen, built‑in bar, fireplace, and two half baths
- Second floor contains multiple offices, two fireplaces, two baths, and a certified warming kitchen
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.7k | $21.60 |
| − Vacancy | −$13.0k | −$2.16 |
| EGI | $116.8k | $19.44 |
| − OpEx | −$43.8k | −$7.29 |
| NOI | $73.0k | $12.15 |
6,006 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$1.34M
$1.17M – $1.57M
NOI $93,959 @ 7.0% cap · market cap 9.89%
Second Best
Office B
$1.27M
$1.11M – $1.48M
NOI $88,649 @ 7.0% cap · market cap 9.33%
Theoretical Best
Office A
$2.53M
$2.22M – $2.95M
NOI $177,297 @ 7.0% cap · market cap 18.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Explore this area
Business Placement
Demographics for 37659, TN
29,313
Population
12,798
Households
2.3
Avg Household Size
45
Median Age
29%
College-Educated
92%
High-School Grad
126.9 sq mi
ZIP Area
231
Density / Sq Mi
$69,765
Median Household Income
$40,962
Median Earnings
$1,034
Median Rent
$241,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level Main Street building combines visible retail space with multiple offices and established tenants.
Where is this mixed-use property located?
The property is located at 107 & 109 E Main Street Jonesborough, TN.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Approximately 6,006 square feet across two levels, with 3,003 square feet per floor; Main level includes retail space, commercial kitchen, built‑in bar, fireplace, and two half baths; Second floor contains multiple offices, two fireplaces, two baths, and a certified warming kitchen
