109 E Main St - Storefront FOR SALE


Jonesborough, TN 37659
$1,100,000 USD
423-952-0226
109 E Main St, Jonesborough, TN for Sale
$1,100,000 USD
Storefront - FOR SALE
1/56
null | 8.18% Cap Rate

109 E Main St
Jonesborough, TN 37659


HIGHLIGHTS

  • Historic Property in Highly Visited downtown Jonesborough
  • Heavy Foot Traffic
  • Mixed Use. It can be almost anything you want it to be!

OVERVIEW

Income-Producing Commercial property! The property currently generates approximately $9,000/month ($108,000 annually) with an estimated NOI of ~$90,000. This is a prime opportunity to own a mixed-use investment property in the heart of historic Jonesborough. This well-maintained, historic property offers approximately 6,006 square feet across two levels, featuring established tenants and immediate income. The second floor consists of multiple office spaces providing consistent rental income, while the main level offers highly visible retail space with strong street presence and flexible future use. Originally built in 1871 and completely renovated in 2013, the building retains its historic charm with exposed brick, original hardwood floors, and unique architectural features(one of them a dumbwaiter shaft), while offering modern functionality. Additional improvements include a metal roof in 2020 and updated exterior access in 2023. Long deserved renovations on adjoining buildings are currently in progress at the rear of the building. Building addresses include 107 E Main Street & 109 E Main Street, Suite 101, 201 (A, B, & C). The main level consists of 3003 sqft, complete w/ commercial kitchen, gas log fireplace, built-in bar, half bath (107 E Main St) & separate space w/ additional half bath & certified warming kitchen (109 E Main St, Suite 101). The 2nd level, also boasting 3003 sqft, features multiple office spaces, 1 full bath & 1 half bath, 2 fireplaces, & a certified warming kitchen (109 E Main St, Suite 201 (A, B, & C). Three dedicated parking spaces are available in the parking lot behind the building. Located on desirable Main Street, this property benefits from excellent walkability, steady foot traffic, and a thriving downtown environment. Ideal for investors seeking stable returns with upside potential in one of East Tennessee's oldest, most charming and active downtown districts. Seller-provided financials available. Buyer to verify all information.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$181 USD /SF

CAP RATE

8.18%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Lampson Hall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1871

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

B2

APN/PARCEL ID

060A-E-021.00

ASK ABOUT THIS PROPERTY

Lisa StoverProperty ExecutivesMore Info
423-952-0226

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Lisa StoverProperty ExecutivesMore Info
423-952-0226

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.