Retail Shop on Highway
1802 Highway 81 N Jonesborough, TN 37659
For Sale
$335,000
Versatile commercial shop with outdoor space and convenient access along Highway 81 South in Jonesborough, TN.
Property Size1,200 SF
Lot Size0.50 Acres
Price / SF$279.17
Days on Market82
Property Features for 1802 Highway 81 N
General Information
Standard status
Active
Size
1,200 SF
Lot size
0.50 Acres
Listing Agency:
KW Johnson City
(423) 823-8962
Listed By:
Dustin Jeffers · License #378503
(423) 823-8962
Source:
Exprealty
Added: May 9
Changed: Jul 10
Last Checked: Jul 27 at 1:28AM
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 KW Johnson City
Investment Insights
Based on property information with market context.
The property is a 1,200 square foot commercial shop built for flexible use, with space suitable for retail, service, workshop, storage, or other light commercial needs. The offering includes an approximately 0.50-acre lot, with a surveyed adjustment that includes conveying a small portion to the adjoining neighboring property to create the final adjusted parcel. The exterior grounds provide room for parking and day-to-day operational needs such as equipment staging or potential future improvements, subject to zoning and approval.
Located along Highway 81 South in Jonesborough, the site is positioned for visibility and straightforward customer or delivery access. The property is described as being on a well-traveled corridor with convenient access to Jonesborough and the surrounding area, including Johnson City.
This is a practical fit for an owner-operator seeking an affordable commercial building with flexible interior layout and outdoor space, as well as for buyers evaluating a small retail or service property. The combination of a dedicated shop building and an outdoor lot supports day-to-day operations where customers, vehicles, or equipment need to be accommodated on-site, subject to any applicable zoning requirements and approvals.
Located along Highway 81 South in Jonesborough, the site is positioned for visibility and straightforward customer or delivery access. The property is described as being on a well-traveled corridor with convenient access to Jonesborough and the surrounding area, including Johnson City.
This is a practical fit for an owner-operator seeking an affordable commercial building with flexible interior layout and outdoor space, as well as for buyers evaluating a small retail or service property. The combination of a dedicated shop building and an outdoor lot supports day-to-day operations where customers, vehicles, or equipment need to be accommodated on-site, subject to any applicable zoning requirements and approvals.
Key Highlights
- 1,200 SF commercial shop at 1802 Highway 81 South in Jonesborough, TN 37659
- Approx. 0.50‑acre lot (subject to final survey), with a boundary adjustment to the adjoining property
- High‑visibility location along Highway 81 South with convenient access to Jonesborough and Johnson City
Financial Insights For Retail
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 | $27.6k | $23.04 |
| − Vacancy | −$829 | −$0.69 |
| EGI | $26.8k | $22.35 |
| − OpEx | −$8.0k | −$6.70 |
| NOI | $18.8k | $15.64 |
1,200 SF · lease $23.04/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$268.2K
$234.7K – $312.9K
NOI $18,773 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$506.1K
$442.8K – $590.4K
NOI $35,424 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - Versatile commercial shop with outdoor space and convenient access along Highway 81 South in Jonesborough, TN.
Where is this storefront property located?
The property is located at 1802 Highway 81 N Jonesborough, TN.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,200 SF commercial shop at 1802 Highway 81 South in Jonesborough, TN 37659; Approx. 0.50‑acre lot (subject to final survey), with a boundary adjustment to the adjoining property; High‑visibility location along Highway 81 South with convenient access to Jonesborough and Johnson City
