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    142 Market St Johnson City, TN 37604

    Sponsored
    For Sale
    $2,450,000

    Thriving Turn-key Restaurant & Brewery

    Property size:
    10,587 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional turn-key restaurant and brewery, located at 142 W Market St in downtown Johnson City, Tennessee, presents a unique investment opportunity. The 10,587 square foot, two-story building, situated on a 4,051 square foot lot (APN: 046N L 00800), boasts a meticulously renovated interior (2019) within a stunning brick structure built in 1930. The property features a rooftop bar, eight restrooms, a passenger elevator, and a dumbwaiter, ensuring efficient operations. Currently operating at 100% occupancy (as of September 1, 2024), this Class A retail space is zoned B-2 and benefits from a prime corner location with convenient access to public parking and nearby entertainment venues. The asking price is $2,450,000 ($231.42/sq ft). This established business is ready for immediate operation, offering a seamless transition for new ownership. The property's design is optimized for selling locally crafted beer, cocktails, and chef-prepared meals, providing a strong foundation for continued success. This is a rare opportunity to acquire a thriving, established business in a vibrant downtown location. The property's exceptional features and prime location make it an ideal investment for experienced operators or first-time owners seeking a turn-key operation.

    Property Features for 142 Market St

    General Information

    Property type
    Restaurants
    Square Feet
    10,587 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1930/2019
    Buildings
    1
    Stories
    2

    HighLights

    • Turn‑key restaurant and brewery in downtown Johnson City, TN.
    • 10,587 SF, two‑story building on a 4,051 SF lot (APN: 046N L 00800).
    • Meticulously renovated in 2019.
    • Features rooftop bar, eight restrooms, passenger elevator, and dumbwaiter.
    • 100% occupancy (as of September 1, 2024); Class A retail space, B‑2 zoning.
    • Prime corner location with ample public parking; $2,450,000 asking price ($231.42/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    District Public Defender Attorney Watauga Brewing Company Brewery

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.355558503742
    Latitude
    36.317182579506

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    FAQs

    What type of property is this?
    Restaurant - Thriving Turn-key Restaurant & Brewery
    Where is this restaurant located?
    The property is located at 142 Market St Johnson City, TN.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: Turn-key restaurant and brewery in downtown Johnson City, TN.; 10,587 SF, two-story building on a 4,051 SF lot (APN: 046N L 00800).; Meticulously renovated in 2019.
    Request Owner's contact information
    142 Market St Johnson City, TN 37604
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    Johnson City, TN 37604
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    142 Market St Johnson City, TN 37604
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