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University-Area Retail Space
New
For Lease
$3,000/Mo

20-827 W Walnut St, Johnson City, TN 37601

The suite is near the junction of West Walnut Street, University Parkway, and State of Franklin Road.

Space SizeContact for details
Days on Market3

Property Features for 20-827 W Walnut St

General Information

Standard status Active

Additional Details

Space Use Retail
Listing Agency: CENTURY 21 Legacy
Listed By: Dillon Hoyle · License #344242
Source: Exprealty
Added: Sep 29 Changed: Sep 30 Last Checked: Sep 30 at 2:15PM

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 CENTURY 21 Legacy

Investment Insights

Based on property information with market context.

This retail space is positioned near East Tennessee State University and the West Walnut Street district in Johnson City. The stated use possibilities include boutique or specialty retail, salon and beauty services, fitness and wellness, medical or professional services, and food and beverage concepts.

West Walnut Street connects the property area with East Tennessee State University, Downtown Johnson City, Johnson City Medical Center, and the James H. Quillen VA Medical Center. Nearby neighborhoods are also identified as part of the surrounding context.

Key Highlights

  • Near East Tennessee State University
  • Close to the junction of West Walnut Street, University Parkway, and State of Franklin Road
  • Nearby destinations include Downtown Johnson City, Johnson City Medical Center, and the James H. Quillen VA Medical Center

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Storage Facility (Bike/Boat/Book/etc) Store HVAC Service Skin Care Clinic

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

NNN (Triple Net)
Lease Type
$4.83 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,594
Businesses Nearby
56k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 76% Shops & Services 24%
McDonald's Dining
33,919 visits/mo 0.3 miles
Renasant Bank Shops & Services
10,280 visits/mo 0.3 miles
Wild Wing Cafe Dining
8,911 visits/mo 0.3 miles
Sunoco Shops & Services
3,088 visits/mo 0.2 miles

Demographics for 37601, TN

37,079
Population
18,153
Households
2
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
47.7 sq mi
ZIP Area
777
Density / Sq Mi
$49,658
Median Household Income
$32,312
Median Earnings
$892
Median Rent
$187,000
Median Home Value

Market

Lease Benchmarks for Johnson City, TN

$20.14 /SF/Yr
Avg Asking Price
$11.17–$32.17 /SF/Yr
Price Range
4,138 SF
Avg Space Size

This space is priced 60% above the average of $20.14 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - The suite is near the junction of West Walnut Street, University Parkway, and State of Franklin Road.
Where is this retail space located?
The property is located at 20-827 W Walnut St Johnson City, TN.
What is the lease rate?
The lease rate is $3,000/Mo.
What are key features of this property?
This property features: Near East Tennessee State University; Close to the junction of West Walnut Street, University Parkway, and State of Franklin Road; Nearby destinations include Downtown Johnson City, Johnson City Medical Center, and the James H. Quillen VA Medical Center
More about this property
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