3101 Market St Johnson City, TN 37604-9349
- Commercial real estate
- 21,060 SF
- 5.28 lot acres
Apr 25, 2022
Current Use by Public Records
- Assett Commercial Cleaning Services Tri Cities / Janitorial Service / Commercial Cleaning Service
- Record Nations / Records Storage Facility / Business To Business Service
- Cricket Wireless Authorized Retailer / Cell Phone Store
- A2H, Inc. / Corporate Office
- Frosted Treats / Frozen Yogurt Shop
Property Details for 3101 Market St
- Year built
- 2007
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 5.28 lot acres
- Property size
- 21,060 SF
- Property type
- Commercial real estate
- APN
- 053F B 00303
- APU
- 053FB00303
Description
This exceptional retail shopping center, Shoppes at West Market, offers a prime investment opportunity in Johnson City, Tennessee. The 40,760 square foot center boasts a strong tenant roster including national and regional brands like Cato, Dollar Tree, Game Stop, and Great Clips. Currently, 1,200 square feet of space is available, perfect for expansion or new businesses. Built in 2007, the center enjoys a highly visible location on West Market Street (27,483 vehicles per day) and is conveniently situated near Interstate 381 (31,372 vehicles per day). This 5.28-acre property benefits from its shadow-anchoring by a high-performing Walmart, serving as the primary Walmart for Johnson City since 2006. The center is strategically located within Johnson City's primary retail corridor, surrounded by 1.2 million square feet of retail within a two-mile radius. The surrounding area boasts a robust population of 74,047 within a five-mile radius, with a median household income of $75,920 and a 2% population growth rate. Its proximity to East Tennessee State University (17,000+ students and 800+ staff) and Johnson City Medical Center (2,300 employees and 531 beds) further enhances its appeal. The medical center, a Level 1 Trauma Center and a major hub of Ballad Health, serves as a teaching hospital for several institutions, including ETSU. This property presents a compelling investment opportunity due to its strong location, established tenant base, and proximity to major employment centers and a large population base. Available space ranges from 1,200 to 1,500 square feet.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $8,780,000
- ML approach
- $9,220,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Johnson City
- County
- Washington
- State
- Tennessee
- Longitude
- -82.408
- Latitude
- 36.3097
- CBSA code
- 27740
- CBSA name
- JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA
