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Three-Unit Storefront Building
For Sale
$650,000

401 Elm Street, Johnson City, TN 37601

Visible commercial asset with two occupied suites, a flexible office-configured space, parking, and a rear outdoor area.

Property Size4,147 SF
Price / SF$156.74
Days on Market445

Property Features for 401 Elm Street

General Information

Standard status Active
Size 4,147 SF
Property subtype General Commercial

Site & Location

Corner Location Yes
Highway Access Yes

Amenities

Central Air
3
Freezer
Rubber
150 x 150

Building Details

Year Built 1969
Buildings 1
Tenancy Multi
Listing Agency: Foundation Realty Group
Listed By: Alexis Greene · License #362014
Source: Xome
Added: Jun 13, 2025 Changed: Aug 30 Last Checked: Aug 30 at 10:07PM

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 Foundation Realty Group

Investment Insights

Based on property information with market context.

This 4,147-square-foot storefront property, built in 1969, is divided into three separate commercial units. Two units are occupied, while the available space is arranged with multiple offices and can support office, retail, or service-oriented operations. Central air and a freezer are included.

The property sits at 401 Elm Street in Johnson City, at the corner of Elm Street and E Myrtle Ave near I-26 Exit 22. Highway exposure is supported by traffic exceeding 61,000 vehicles per day. The level 150 x 150 lot provides ample parking and includes a spacious backyard that can accommodate outdoor seating, patio expansion, events, or other business uses. The sale includes the full building at 401A, 401B, and 403.

Key Highlights

  • 4,147‑square‑foot commercial building with three individual units
  • Two of three units are currently occupied, providing rental income
  • Vacant unit includes multiple offices and supports office, retail, or service use

Property Analytics

Current Use

Project Bakery 423 Bakery Charlie’s Cookie Co. Catering Service Marty's Electric, LLC ... Electrical Service Appalachian Mountain Project Community Center

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Home Appliance Store Catering Service Florist Wine and Liquor Store Accounting Firm

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

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,496
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 77% Shops & Services 23%
McDonald's Dining
33,919 visits/mo 0.4 miles
Renasant Bank Shops & Services
10,280 visits/mo 0.3 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

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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Frequently Asked Questions

What type of property is this?
Storefront property - Visible commercial asset with two occupied suites, a flexible office-configured space, parking, and a rear outdoor area.
Where is this storefront property located?
The property is located at 401 Elm Street Johnson City, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4,147‑square‑foot commercial building with three individual units; Two of three units are currently occupied, providing rental income; Vacant unit includes multiple offices and supports office, retail, or service use
More about this property
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