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Remodeled Downtown Retail Storefront
For Sale
$550,000
Pending

331 W Walnut Street, Johnson City, TN 37604

Commercial Sale, Johnson City, TN

Property Size3,500 SF
Lot Size0.08 Acres
Days on Market420

Property Features for 331 W Walnut Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commerical
Subdivision Southwest Addition
Directions From Buffalo Street turn onto W Walnut Street. The property will be on your left in 450 feet.
Standard status Pending
APN 054d N 008.00
Size 3,500 SF
Lot size 0.08 Acres

Taxes and HOA fees

Tax Annual Amount 568

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Heat Pump (Heating)
Cooling system Heat Pump, Central Air
Water source Public

Building Details

Year built 1947
Building materials Brick
Roof type Metal, Tar/Gravel
Listing Agency: Hurd Realty, LLC
Listed By: Shannon Clark · License #354489
Added: Aug 8, 2025 Changed: Sep 28 Last Checked: Oct 1 at 4:06PM
MLS# 9984276

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.

Investment Insights

Based on property information with market context.

This 3,500-square-foot storefront property was built in 1947 and has been remodeled with updated electrical service, new lighting, a new HVAC system, a new water heater, and a renovated bathroom. New windows, an exterior door, interior and exterior paint, and a front glass garage door further update the building. A rear-alley garage door provides loading access, while the brick construction and metal and tar/gravel roofing remain part of the property’s physical profile.

The 0.08-acre property is located at 331 W Walnut Street in downtown Johnson City’s West Walnut Street district. The surrounding redevelopment includes underground utilities, street lighting, street parking, sidewalks, bike lanes, parks, and hanging flower baskets. Public water and sewer serve the property, with natural gas available. Commercial zoning supports the existing storefront format.

Key Highlights

  • 3,500‑square‑foot remodeled commercial storefront
  • New HVAC system, updated electrical, and modern lighting
  • Front glass garage door plus rear‑alley garage door for loading

Property Analytics

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Current Use

Paul Webb Designs Production Facility

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Home Appliance Store Florist Tanning Salon Restaurant

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

Location Intelligence

Trade Area within ½ mile

1,317
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 74% Shops & Services 26%
Wild Wing Cafe Dining
8,911 visits/mo 0.3 miles
Sunoco Shops & Services
3,088 visits/mo 0.3 miles

Demographics for 37604, TN

37,025
Population
19,334
Households
1.9
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
33.0 sq mi
ZIP Area
1,122
Density / Sq Mi
$49,351
Median Household Income
$31,863
Median Earnings
$950
Median Rent
$231,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
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Similar Off Market Nearby

  • Anna Marie's Florist — 905 W Watauga Ave, Johnson City, TN 37604

Frequently Asked Questions

What type of property is this?
Storefront property - Updated commercial space with flexible retail, gallery, restaurant, or creative-workspace potential.
Where is this storefront property located?
The property is located at 331 W Walnut Street Johnson City, TN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,500‑square‑foot remodeled commercial storefront; New HVAC system, updated electrical, and modern lighting; Front glass garage door plus rear‑alley garage door for loading
More about this property
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