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Property profile

313 Main St Johnson City, TN 37601

OFF-MARKET
Retail space
Property ID
US80-1881650
View Sample
33,000 SF 66 ac lot Built 1920
Entity Owned 6-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional retail and office space, located at 313 E Main St in Johnson City, Tennessee (zip code 37601), presents a unique investment opportunity. Previously housing the Hands On! Museum, this single-tenant property is part of The Henry, a significant downtown revitalization project. The space offers flexible square footage, ranging from 2,500 to 4,873 square feet, making it suitable for a variety of businesses. The building features attractive 17-foot ceilings and a modern sprinkler system, enhancing both functionality and safety. Its street-level location provides excellent visibility and accessibility for customers. The property benefits from a highly convenient location, situated just off Interstate 26, exit 23, ensuring easy access for employees and clients alike. This prime location within the revitalized downtown area offers significant potential for growth and success. The property is classified as a traditional office space with street retail components. Serious inquiries are encouraged to explore this exceptional opportunity in a thriving Tennessee market. The property is available for sale or lease.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 33,000 SF
Lot 66 ac (2,874,960 SF)
APN 046M G 00300
UPID US80-1881650

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.13M
Blend (final) Blend
$1.02M

Owner & transaction history

since 2019
3 recorded transactions
2019
$600,000
2017
Price N/A
1997
$77,500

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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