Mixed-Use Storefront
107 E MAIN ST, Jonesborough, TN 37659
For Sale
Contact for pricing
A historic downtown property combines a vacant, kitchen-equipped street-level space with leased offices above.
Property Size6,006 SF
Lot Size0.17 Acres
Price / SF$137.36
Days on Market34
Property Features for 107 E MAIN ST
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Frontage
Road Access
Mixed-Use Components
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Floor
Asking Price
Office Units
Property Use
Amenities
exposed brick
original hardwood floors
gas log fireplace
cafe-scale commercial kitchen
built-in bar
three storefront entrances
display windows
Building Details
Year Built
Buildings
Stories
Construction
Tenancy
Listing Agency:
Marcus & Millichap - Knoxville
Listed By:
Ryan Ketron · License #TN 367662
(865) 299-6281
Source:
Crexi
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 8 at 4:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Knoxville
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Investment Insights
Based on property information with market context.
The offering covers the first two floors of a masonry building dating to about 1873, with approximately 3,003 square feet on each level. The vacant ground floor has three storefront entrances, display windows, exposed brick, hardwood floors, a gas log fireplace, and a fitted commercial kitchen with a bar. It has been arranged as two or three storefronts and may be used as one space or divided. Upstairs, three suites include two fireplaces, a full bath, a half bath, exposed brick, and hardwood floors; a law office and salon occupy two suites, while the third is available.
The property stands on approximately 0.17 acres with about 38 feet of frontage on East Main Street and three reserved parking spaces. It is zoned B-2, Jonesborough’s Central Business District, and is a contributing resource within the National Register-listed Jonesborough Historic District. The Washington County Courthouse is across Main Street, and the International Storytelling Center is one block away.
The property stands on approximately 0.17 acres with about 38 feet of frontage on East Main Street and three reserved parking spaces. It is zoned B-2, Jonesborough’s Central Business District, and is a contributing resource within the National Register-listed Jonesborough Historic District. The Washington County Courthouse is across Main Street, and the International Storytelling Center is one block away.
Key Highlights
- Approximately 3,003‑square‑foot ground floor is vacant and includes a commercial kitchen and built‑in bar
- Second floor has three suites; a law office and salon are in place, with one suite available
- Three ground‑floor storefront entrances with display windows facing the Washington County Courthouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,973
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,459,460
$1.5M
Cap Rate 7%
$1,042,471
$1.0M
Cap Rate 9%
$810,811
$810.8K
Market Conditions
NOI Build-Up for 6,006 SF
Gross rent
$129.7K $21.60/SF
− Vacancy
−$13.0K −$2.16/SF
EGI
$116.8K $19.44/SF
− OpEx
−$43.8K −$7.29/SF
NOI
$73.0K $12.15/SF
Area
Washington County, TN
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,459,460
Cap Rate 7%
$1,042,471
Cap Rate 9%
$810,811
Alternative Uses
Best Use
Retail
$1.34M
$1.17M – $1.57M
NOI $93,959 @ 7.0% cap · market cap 11.39%
Second Best
Mixed Use
$1.04M
$912.2K – $1.22M
NOI $72,973 @ 7.0% cap · market cap 8.85%
Theoretical Best
Office A
$2.53M
$2.22M – $2.95M
NOI $177,297 @ 7.0% cap · market cap 21.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
91k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 38%
Shell
Shops & Services
14,619 visits/mo
0.3 miles
Burger King
Dining
13,062 visits/mo
0.2 miles
Cook Out
Dining
12,501 visits/mo
0.4 miles
Dunkin' Donuts
Dining
12,358 visits/mo
0.3 miles
Arby's
Dining
8,733 visits/mo
0.4 miles
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A historic downtown property combines a vacant, kitchen-equipped street-level space with leased offices above.
Where is this mixed-use property located?
The property is located at 107 E MAIN ST Jonesborough, TN.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Approximately 3,003‑square‑foot ground floor is vacant and includes a commercial kitchen and built‑in bar; Second floor has three suites; a law office and salon are in place, with one suite available; Three ground‑floor storefront entrances with display windows facing the Washington County Courthouse
