142 Market St - Restaurant FOR SALE


Johnson City, TN 37601- Downtown Johnson City
$1,540,000 USD
423-677-8494
142 Market St, Johnson City, TN for Sale
$1,540,000 USD
Restaurant - FOR SALE
1/8
null | Request Cap Rate

142 Market St
Johnson City, TN 37601
Downtown Johnson City


HIGHLIGHTS

  • Recently renovated and modernized
  • Parking close-by
  • Good investment opportunity
  • Motivated sellers

OVERVIEW

This completely renovated and modernized 2-story brick building is perfectly located in downtown Johnson City. The building was meticulously renovated in 2020, and the owner's attention to style, function, detail and decor is remarkable. This is a signalized corner site that's literally flanked by public parking and an easy walk to all downtown music, art, and activities venues. This building is configured to make money! The first level would make an ideal retail suite selling specialized goods, spa and beauty, or renovated for multi-tenancy. This space would have potential conversion potential for a venue or event space. The kitchen and bar are located on the second story. The rooftop is currently configured for a 2nd bar and stunning views of our lovely mountains and the downtown. Our area enjoys a mild 4-season climate that can be lucrative for outdoor spaces that are thoughtfully designed like this is. The building has both a passenger elevator and dumbwaiter servicing all levels, as well as a stairwell reminiscent of downtown Nashville. There are EIGHT restrooms on the premises which makes multi-tenancy a breeze! Investors take note: downtown Johnson City is on the move - attracting an eclectic mix of food, retail, hospitality, and music. This property has everything in place to make you a success! Call and schedule a tour and let's talk about your vision.

FOR SALE DETAILS

PRICE

$1,540,000 USD

PRICE/SF

$145 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Downtown Mixed-Use with Rooftop Bar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

B-2

APN/PARCEL ID

046N-L-008.00

ASK ABOUT THIS PROPERTY

Michael GreenGreen Commercial RealtyMore Info
423-677-8494

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

Michael GreenGreen Commercial RealtyMore Info
423-677-8494

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