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223 Market St Johnson City, TN 37601

OFF-MARKET Specialty properties Google Maps
10,288 SF
Estimated value
No estimation on file for this property yet.
Property ID US80-1287212

Property summary

AI-generated overview

This exceptional 10,288 square foot special purpose property, located at 223 E Market St in Johnson City, Tennessee, is a thriving wedding venue currently available for sale or lease. Situated on a 0.9-acre lot, this B-2 zoned property boasts a spacious 4,000 square foot reception hall/ballroom, perfect for large gatherings. A stunning 3,815 square foot wedding chapel is also included, complete with furnishings and a sound system. Additional space includes a 2,473 square foot office/floral shop, providing ample room for administrative functions or supplementary businesses. Convenient amenities include a private parking lot, an outside cooler, and a separate storage building. The property enjoys high visibility and easy accessibility, being conveniently located off I-26, exit 23, making it easily accessible for guests and vendors. This turnkey operation presents a unique opportunity for investors or entrepreneurs seeking a profitable venture in the thriving Johnson City market. The property is located in Washington County, Tennessee, zip code 37601.

Property profile

Verified
Property type Specialty properties
Total area 10,288 SF
UPID US80-1287212

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
  • Wedding Service

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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