114 E Unaka Ave - Office/Residential FOR SALE


Johnson City, TN 37601- Downtown Johnson City
$749,900 USD
423-973-8634
114 E Unaka Ave, Johnson City, TN for Sale
$749,900 USD
Office/Residential - FOR SALE
1/68
null | 10.45% Cap Rate

Jan '26


114 E Unaka Ave
Johnson City, TN 37601
Downtown Johnson City


HIGHLIGHTS

  • 9 spacious office spaces, reception area, 2 baths, kitchen, storage galore on 3rd level and unfinished basement
  • Parking lot with 9 designated spots and additional street parking
  • Walking distance to downtown and convenient to all of Johnson City's amenities
  • Full renovation in 2022
  • Residential Office (RO-1) zoning makes it perfectly suited for a variety of uses, including office, professional, or residentia

OVERVIEW

Don't miss this rare opportunity to own a beautifully renovated 1910 all-brick Craftsman-style property nestled in the vibrant heart of Downtown Johnson City. This timeless piece of history seamlessly blends historic charm with modern functionality, offering exceptional versatility for its next owner. Boasting over 3,900 square feet of finished space and an additional 1,659 square feet in the unfinished basement, this property is incredibly adaptable. Its Residential Office (RO-1) zoning makes it perfectly suited for a variety of uses, including office, professional, or residential. Imagine converting it back into a stunning single-family home; the possibilities are endless. Step inside to discover nine spacious offices or potential bedrooms, a well-appointed kitchen, one full bath, and an oversized half bath easily convertible to a second full bath. The home's historic charm truly shines through its original tiger oak hardwood floors, elegant crown molding, wide cased doorways, charming transom windows, tall baseboards, and eight distinct fireplaces. Complementing these classic features are modern updates, including newer windows, updated plumbing and electrical systems, and efficient HVAC. High ceilings and large windows ensure the space is flooded with natural light, while offering picturesque mountain views from the rear. Currently, the property generates a strong income stream from its commercial tenant, providing a Net Operating Income (NOI) of $78,360 annually(lease ending in December 2025). This makes it an ideal investment opportunity or a perfect location for a discerning business owner. The building has successfully passed all code inspections required for commercial operations, ensuring a smooth transition. Convenience is key with spacious private parking for 9 vehicles and additional street parking in front of the building. The generous lot also offers flexibility, allowing for a reconfiguration to accommodate a private driveway and yard should a residential conversion be desired. Located just a short walk from Johnson City’s vibrant downtown, ETSU, shopping, restaurants, hospitals, and more, 114 E Unaka Avenue offers timeless character, modern updates, and unmatched flexibility for business owners, investors, and future homeowners.

FOR SALE DETAILS

PRICE

$749,900 USD

PRICE/SF

$191 USD /SF

CAP RATE

10.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

R&D, Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

RO-1

APN/PARCEL ID

046K M 008.00

ASK ABOUT THIS PROPERTY

Matt FleenorGreater Impact RealtyMore Info
423-973-8634

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

Matt FleenorGreater Impact RealtyMore Info
423-973-8634

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