Industrial Warehouse with
309 Wesley Street Johnson City, TN 37601
For Sale
Contact for pricing
Pending
Brick warehouse with heated storage, office space, and roll-up door access on an I-1 zoned parcel.
Property Size2,400 SF
Lot Size3.40 Acres
Days on Market64
Property Features for 309 Wesley Street
General Information
Standard status
Pending
Size
2,400 SF
Lot size
3.40 Acres
Property subtype
Special Purpose
Building Details
Year Built
1990
Listing Agency:
CENTURY 21 Legacy Realty Johnson City
Listed By:
Shana Wilcox · License #282495
Source:
Crexi
Added: May 27
Changed: Jul 10
Last Checked: Jul 24 at 1:57PM
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 Realty Johnson City
Investment Insights
Based on property information with market context.
This sale offering includes an approximately 2,400 SF brick warehouse building with a functional split between a 176 SF office area and 2,224 heated SF of warehouse/garage space. The building includes insulated walls and ceilings and 12-foot ceilings, supported by 3-phase 120/208 electrical service, gas heat, and security wiring. Operational access features include an 8-foot roll-up door plus front and side walk-out doors.
The property sits on approximately 3.4 acres within an established industrial park setting. It is described as being minutes from I-26 and directly across the street from Coca-Cola, with paved parking available for 13 vehicles for employees, customers, or company use.
With I-1 zoning and a yard-sized parcel, the site is positioned to support a range of industrial and storage-oriented business needs, including owner-user uses that require both heated warehouse space and a small office component. The combination of interior improvements and direct vehicle access can support light service, distribution support, or other warehousing activities, while the outdoor area supports practical uses such as fleet parking and outdoor storage, subject to buyer and tenant confirmation.
The property sits on approximately 3.4 acres within an established industrial park setting. It is described as being minutes from I-26 and directly across the street from Coca-Cola, with paved parking available for 13 vehicles for employees, customers, or company use.
With I-1 zoning and a yard-sized parcel, the site is positioned to support a range of industrial and storage-oriented business needs, including owner-user uses that require both heated warehouse space and a small office component. The combination of interior improvements and direct vehicle access can support light service, distribution support, or other warehousing activities, while the outdoor area supports practical uses such as fleet parking and outdoor storage, subject to buyer and tenant confirmation.
Key Highlights
- Approx. 3.4‑acre I‑1 zoned parcel in an established industrial park setting, located minutes from I‑26 and directly across from Coca‑Cola
- Approx. 2,400 SF brick building (built 1990) with 176 SF office and 2,224 SF heated warehouse/garage space
- Warehouse features an 8‑foot roll‑up door plus front and side walk‑out doors
Financial Insights For Office B
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 | $57.6k | $24.00 |
| − Vacancy | −$10.4k | −$4.32 |
| EGI | $47.2k | $19.68 |
| − OpEx | −$11.8k | −$4.92 |
| NOI | $35.4k | $14.76 |
2,400 SF · lease $24.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$506.1K
$442.8K – $590.4K
NOI $35,424 @ 7.0% cap · market cap 8.88%
Second Best
Warehouse
$232.6K
$203.5K – $271.3K
NOI $16,279 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$1.01M
$885.6K – $1.18M
NOI $70,848 @ 7.0% cap · market cap 17.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Princeton Self Storage — 515 Princeton Rd, Johnson City, TN 37601
- StorageMax Self Storage — 2312 Browns Mill Rd, Johnson City, TN 37604
- De'gennaro Storage — 313 Princeton Rd, Johnson City, TN 37601
- Universal Development & Construction — 2304 Silverdale Dr #300, Johnson City, TN 37601
- 10 Federal Storage — 410 Princeton Rd, Johnson City, TN 37601
Frequently Asked Questions
What type of property is this?
Warehouse - Brick warehouse with heated storage, office space, and roll-up door access on an I-1 zoned parcel.
Where is this warehouse located?
The property is located at 309 Wesley Street Johnson City, TN.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Approx. 3.4‑acre I‑1 zoned parcel in an established industrial park setting, located minutes from I‑26 and directly across from Coca‑Cola; Approx. 2,400 SF brick building (built 1990) with 176 SF office and 2,224 SF heated warehouse/garage space; Warehouse features an 8‑foot roll‑up door plus front and side walk‑out doors
