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Three-Unit Retail Strip Mall
For Sale
Contact for pricing
Pending

508 W Oakland Avenue, Johnson City, TN 37604

Masonry construction, customer and service parking, and individual HVAC and restroom facilities support multiple commercial occupants.

Property Size7,250 SF
Lot Size0.61 Acres
Days on Market142

Property Features for 508 W Oakland Avenue

General Information

Standard status Pending
Size 7,250 SF
Lot size 0.61 Acres
Property subtype Special Purpose
Occupancy 67%

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Asking Price $725,000
Warehouse Space 2,000 SF

Amenities

bathrooms
HVAC heat/cool package
window display area
asphalt parking

Building Details

Year Built 1996
Buildings 1
Building Size 7,250 SF
Construction Masonry & Prefinished metal exterior
Tenancy Multi
Listing Agency: CENTURY 21 Legacy Realty Johnson City
Listed By: DeAnna Jilton · License #TN
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 2:12PM

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 7,250-square-foot retail property contains three storefronts, each with 1,750 square feet of finished space, restrooms, packaged HVAC, drywall interiors, and window display areas. The masonry and prefinished metal exterior is complemented by approximately 8,000 square feet of asphalt parking. Two units are leased, while Unit A is vacant and includes a 2,000-square-foot unfinished warehouse, a maintenance room, restroom, two delivery bay doors, walk-out access, gas heaters, and provisions for two wall-mounted air-conditioning units.

The 0.61-acre property at 508 W Oakland Avenue is positioned near N Roan Street, Franklin Road, Browns Mill Road, and I-26. Unit B and Unit C have rear access doors and HVAC systems installed approximately one year ago; Unit C also has a newer water heater. The parking lot was resealed approximately 9 years ago. The property includes two dumpsters, with one owned, and is being sold as-is.

Key Highlights

  • 7,250 SF retail strip mall on a 0.61‑acre lot
  • Three 1,750‑square‑foot storefronts with restrooms, HVAC, and display windows
  • Two units are leased; Unit A is vacant

Property Analytics

Current Use

Sunny's Salon and Beauty ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Law Firm Barber Shop Plumbing Service Daycare Center

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

66.7%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

903
Businesses Nearby
460k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 34% Shops & Services 34% Dining 26% Home Improvements & Furnishings 6%
Walmart Superstores
138,896 visits/mo 0.5 miles
Hobby Lobby Shops & Services
55,283 visits/mo 0.4 miles
McDonald's Dining
32,390 visits/mo 0.2 miles
At Home Home Improvements & Furnishings
21,647 visits/mo 0.5 miles
Shell Shops & Services
21,275 visits/mo 0.4 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

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?
Strip mall - Masonry construction, customer and service parking, and individual HVAC and restroom facilities support multiple commercial occupants.
Where is this strip mall located?
The property is located at 508 W Oakland Avenue Johnson City, TN.
What are key features of this property?
This property features: 7,250 SF retail strip mall on a 0.61‑acre lot; Three 1,750‑square‑foot storefronts with restrooms, HVAC, and display windows; Two units are leased; Unit A is vacant
More about this property
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