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Property profile

212 E Main St Johnson City, TN 37604

Retail space
Property ID
US80-0055036
View Sample
5,400 SF 0.06 ac lot Built 1916
Individually Owned 4-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional 2,700 square foot commercial space at 212 E Main St, Johnson City, TN, is perfectly situated in the heart of the city's vibrant downtown area. The property boasts a prime location offering high visibility and excellent foot traffic, ensuring maximum exposure for your business. This single-tenant space is housed in a beautifully renovated (2022) two-story building, originally constructed in 1916, and features a spacious, open floor plan ideal for customization to suit a variety of commercial uses, including traditional office space or a coworking environment. The building is zoned B and offers easy accessibility from the street level. The high ceilings (20 feet) add to the spacious feel. While parking is not provided on-site, the central location offers easy access to public parking and alternative transportation options. The property sits on a 0.7-acre lot and features electric power. The property taxes are $1.23 per square foot. This is a rare opportunity to establish your business in a thriving downtown community surrounded by local businesses, restaurants, and attractions. Don't miss this chance to become part of Johnson City's energetic commercial landscape. The building is classified as Class B.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1916
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,400 SF
Lot 0.06 ac (2,500 SF)
APN 046M F 02000
UPID US80-0055036

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Property Management Company Furnished Apartment Building
  • Gym & Fitness Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$455k

Owner & transaction history

since 2022
Last sale
$400,000
6 recorded transactions
2022
$400,000
2016
Price N/A
2013
$352,500
2007
$180,000
2006
$132,500
1991
$500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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