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Retail Space with Trail Access

1941 Milligan Highway, Elizabethton, TN 37643

For Sale
$275,000
Pending

Commercial Sale, Elizabethton, TN

Property Size2,016 SF
Lot Size0.75 Acres
Days on Market50

Property Features for 1941 Milligan Highway

General Information

Property type Commercial Sale
Property subtype Other
Zoning B 3
Parking 20
Subdivision Not In Subdivision
Directions Take US-321 S / W Elk Avenue and continue following US-321 S. Turn onto Milligan Highway. Property is on the right.
Standard status Pending
APN 048j A 002.00
Size 2,016 SF
Lot size 0.75 Acres

Taxes and HOA fees

Tax Annual Amount 894

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Amenities

private bridge
outdoor area along creek

Building Details

Year built 1982
Building materials Brick, Vinyl Siding
Roof type Metal
Listing Agency: Hurd Realty, LLC
Listed By: Grant Honeycutt · License #353034
Added: Sep 21 Changed: Oct 30 Last Checked: Nov 9 at 7:06AM
MLS# 10001208

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.

Rey
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Investment Insights

Based on property information with market context.

This 2,016-square-foot retail property sits on 0.75 acres and received extensive interior improvements. Updates include fresh paint, luxury vinyl plank flooring, revised lighting, new electrical and plumbing systems, and two renovated bathrooms. The utility room contains a three-compartment stainless-steel sink and commercial exhaust hood, supporting restaurant or food-service use. Two separate HVAC systems are installed, with central heating and cooling.

A private bridge provides direct access to the Tweetsie Trail, while the creekside outdoor area can support patio seating, customer gathering, or recreational use. The property includes ample parking, city water, city sewer, and natural gas service. Brick and vinyl siding construction, a metal roof, and B 3 zoning complete the offering. The site is positioned for retail, restaurant, professional office, service business, or other commercial applications identified for the property.

Key Highlights

  • 2,016 SF retail property on 0.75 acres
  • Private bridge with direct access to the Tweetsie Trail
  • Remodeled interior with updated electrical and plumbing systems

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Building Supply Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site
Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

36
Businesses Nearby

Demographics for 37643, TN

33,752
Population
16,344
Households
2.1
Avg Household Size
45
Median Age
21%
College-Educated
89%
High-School Grad
131.1 sq mi
ZIP Area
257
Density / Sq Mi
$50,455
Median Household Income
$35,680
Median Earnings
$733
Median Rent
$156,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Remodeled commercial space with restaurant infrastructure, outdoor creekside area, and public utility service.
Where is this retail space located?
The property is located at 1941 Milligan Highway Elizabethton, TN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,016 SF retail property on 0.75 acres; Private bridge with direct access to the Tweetsie Trail; Remodeled interior with updated electrical and plumbing systems
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