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    1811 State Of Franklin Rd Johnson City, TN 37604

    For Lease
    $15 SF/Yr ($5,625 /Mo)

    Prime Retail Space Near ETSU

    Lot size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 4,500 square foot retail property, built in 2011, is ideally situated in Johnson City, TN's Mountain Home/Campus submarket. Located at 1811 West State of Franklin Road, near the intersection of S Greenwood Dr, this single-story building offers two suites, with one 2,800 square foot space currently available. Its prime location boasts high visibility and accessibility, less than a mile from East Tennessee State University (a Division 1 school with nearly 14,000 students) and less than a mile south of Highway 11E. The property benefits from strong surrounding demographics, including proximity to the James H. Quillen VA Medical Center (serving over 170,000 veterans), Kroger, Earth Fare, Zaxby's, Jersey Mike's, Marco's Pizza, and numerous other local businesses. The thriving Downtown Johnson City area, with its diverse restaurants, breweries, and retailers, is also easily accessible. This property presents a unique opportunity to establish a presence in a vibrant and growing community with a significant student and veteran population, anchored by the nearby Franklin Square Shopping Center. The property's excellent location and existing infrastructure make it an attractive investment for a variety of retail or restaurant concepts. The building's single-story design and ample space offer flexibility for various business needs. This is a rare opportunity to secure a well-positioned retail space in a high-demand area.

    Property Features for 1811 State Of Franklin Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,500 SF
    Total Rate
    5625

    Building Details

    Year Built
    2011
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 3
    Size
    2,800 SF
    Rate per SF
    $15
    Property Profile Location Intelligence

    Current Use by Public Records

    Raymond James Financial ... Financial Planner Boxcar Barbeque + Cantina Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.380592343184
    Latitude
    36.301123965391

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail Space Near ETSU
    Where is this restaurant located?
    The property is located at 1811 State Of Franklin Rd Johnson City, TN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    Request Owner's contact information
    1811 State Of Franklin Rd 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
    1811 State Of Franklin Rd Johnson City, TN 37604
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