142 Market St Johnson City, TN 37604
- Retail space
- 9,522 SF
- 39.00 lot acres
Current Use by Public Records
- District Public Defender / Attorney
- Watauga Brewing Company / Brewery / Bar
Property Details for 142 Market St
- Year built
- 1930
- Lot size
- 39.00 lot acres
- Property size
- 9,522 SF
- Property type
- Retail space
- APN
- 046N L 00800
- APU
- 046NL00800
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Johnson City
- County
- Washington
- State
- Tennessee
- Longitude
- -82.3553
- Latitude
- 36.3174
- CBSA code
- 27740
- CBSA name
- JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA
