501 Walnut St Johnson City, TN 37604-6617

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.