501 Walnut St Johnson City, TN 37604-6617
Property profile & analytics
501 Walnut St, Johnson City, TN 37604-6617
- Commercial real estate
- 5,480 SF
- 0.24 lot acres
Property ID
US80-2380847
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 501 Walnut St
- Year built
- 1946
- Lot size
- 0.24 lot acres
- Property type
- Commercial real estate
- APN
- 054C H 03200
- APU
- 054CH03200
Description
This exceptional 3,652 square foot restaurant space, located at 501 W Walnut St, Johnson City, TN 37604, presents a unique investment opportunity. Situated on a 0.24-acre lot in the heart of the W. Walnut Street Redevelopment Corridor, this property boasts a prime location directly across from the recently remodeled Model Mill. Built in 1920, this single-story, Class C building features a spacious interior, complemented by a 2,083 square foot patio ideal for outdoor events. The property includes 29 parking spaces and a 20' x 82' floored attic offering ample storage. Recent upgrades include new double-hung insulated windows on the front, new wiring, new sheetrock, and updated his and her bathrooms. All utility hook-ups have been modernized as part of the city's redevelopment improvements. The property is vacant and ready for immediate occupancy. This fee-simple ownership opportunity is further enhanced by its location within a Tax Increment Financing District, offering significant growth potential. The APN is 054C H 032.00 and the permitted zoning is WWD. This is a rare chance to acquire a well-positioned, historic building with significant upside in a thriving downtown area. The building is vacant and readily available for viewing.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Johnson City
- County
- Washington
- State
- Tennessee
- Longitude
- -82.3554
- Latitude
- 36.311
- CBSA code
- 27740
- CBSA name
- JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$25,560
$36,480
$62,040
-
$63,900
$91,200
$155,100
