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Property profile & analytics
OFF-MARKET Estimated value $5,265,000
Motels

135 Pinnacle Dr Johnson City, TN 37615-4666

43,000 SF 2.92 ac lot Built 2008
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-1622974
Property summary
AI-generated overview

This exceptional 1,450 square foot commercial property, located at 52 West Main Street in the heart of Downtown Brevard, Transylvania County, presents a unique opportunity for a variety of businesses. Built in 1930, this two-story building offers a single, vacant suite encompassing the entire space, perfect for a retail establishment, restaurant, or office. The property's Downtown Mixed-Use zoning allows for diverse uses, complementing the vibrant atmosphere of the surrounding area. Situated on West Main Street, the building enjoys high visibility and foot traffic, surrounded by a thriving mix of shops, restaurants, and art galleries. The 1,450 square feet provide ample space for a variety of layouts and configurations to suit your business needs. This is a rare chance to establish a presence in a bustling downtown district with a rich history and a bright future. The building's age adds character and charm, while its central location ensures maximum exposure and accessibility for your business. The property is ready for immediate occupancy, offering a blank canvas for your vision. Don't miss this opportunity to secure a prime location in the thriving Downtown Brevard commercial market.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 2008
Total area 43,000 SF
Lot 2.92 ac (127,195 SF)
APN 029H A 00100
UPID US80-1622974
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • WoodSpring Suites Johnson City Hotel & Motel Vacation Rental
  • Boyd Burkhart Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.56M
CAP Approach CAP
$4.98M
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.27M
Owner & transaction history
Nf V Es W I Johnson City LLC · 3 yrs held
Nf V Es W I Johnson City LLC
since 2023
Last sale
$5.4M
4 recorded transactions
2023
$5.4M
2019
Price N/A
2007
$899,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.8M +109.4%
Medical building $3.5M +93.3%
Auto repair, garage $3.3M +77.9%
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