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154 Judge Gresham Road, Johnson City, TN 37615 - $2,195,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Commercial Lease Sub Type: MLS Number: 9971438
Living Area: 13,800 Lot Acreage: 2 Year Built: 2018
Elementary School: Middle School: High School:
Property Description
Welcome to a remarkable investment opportunity presented by The Addington Agency! Nestled at 154 Judge Gresham Rd and constructed in 2018, this state of the art flex space spans over 13,000 square feet and is currently home to a long standing local enterprise, boasting a NNN lease with 14 years remaining, underscored by an annual rent escalation of 3%. Strategically positioned in the heart of a rapidly growing market, this property is located within a quick drive to anywhere in the TriCities offering easy accessibility to I-26 and Bobby Hicks Hwy promoting excellent visibility! Boasting over 8,000+ sqft of meticulously designed office space with 9 designated offices, a welcoming reception area, spacious lobby, 5 lavatories, versatile conference/training room, and multiple storage rooms; this place has it all. The property also boasts over 4,500+ square feet of warehouse space, complete with three 14' automated garage doors, a 10' automated door with a loading dock, and a 12' automated door at the rear for secured parking, and complemented by a sprawling 1,000+ square feet covered carport, also ideal for private parking, storage, or potential conversion into additional conditioned space. Custom built with quality in mind, this steel-framed building offers an array of features including 23' eve height, 28' peak, 6'' concrete pad in warehouse, 3-Phase power, automated LED lighting, fully sprinklered, and a security system paired with surveillance and key card entry system for staff. Furthermore, the property offers a fenced in parking area, catering to diverse operational needs. TCAC has been the local cornerstone of this industry since 1969, and provides a stable track record of success with consistent growth over the years, ensuring comfort with your investment. Zoned I-1, and situated on 1.75 acres adjoining Food City and various high-density housing developments, this versatile structure not only represents a lucrative investment opportunity but also offers boundless potential to accommodate a myriad of business ventures including manufacturing, processing, fabrication, construction, storage, or multi-tenant conversion, among many others. Opportunities of this caliber in this location rarely come to market, and this opportunity will not last long priced to sell at $2.195M. Call today to schedule your appointment!
Listing Status
Active
  • More Listing Info
    AC:Heat Pump3true
    Business Type:Building Tradetrue
    Business Type:Distributiontrue
    Business Type:Industrial2true
    Business Type:Manufacturingtrue
    Contract Info:ForeclosureNo
    Development Status:Infrastructure Intrue
    Electric Service:Phase 3true
    Exterior Finish:Aluminum Sidingtrue
    General Property Description:# Parking Spaces35
    General Property Description:# Restrooms5
    General Property Description:Acres1.76
    General Property Description:Annual Lease120000.0
    General Property Description:HOA YNNo
    General Property Description:LeaseYes
    General Property Description:Lot Size2See Acreage
    General Property Description:Total SqFt Finished13800.0
    General Property Description:Total SqFt Unfinished0.0
    General Property Description:Zoning2I-1
    Heating:Heat Pump2true
    Heating:Other12true
    Info Available:Building Plantrue
    Info Available:Floor Plantrue
    Info Available:Leases2true
    Info Available:Rental Rolestrue
    Info Available:See Remarks28true
    Location Tax Legal Info:City Taxes6813.43
    Location Tax Legal Info:County Taxes8467.56
    Location Tax Legal Info:Deed Book #R931
    Location Tax Legal Info:Deed Page #I1039
    Other Equipment:Delivery Doorstrue
    Other Equipment:Fire Alarmtrue
    Other Equipment:Fire Sprinkler Systemtrue
    Other Equipment:Free Standingtrue
    Other Equipment:Garage Bay(s)true
    Other Equipment:Inside Storagetrue
    Other Equipment:Loading Dock(s)true
    Other Equipment:Overhead Doorstrue
    Other Equipment:Refrigerator2true
    Other Equipment:Security Fencetrue
    Other Equipment:Security System3true
    Other Equipment:See Remarks38true
    Property Condition:Above Averagetrue
    Remarks Misc:Directions3From Johnson City, head northwest on I-26 W. Take exit 13 to merge onto TN-75 N/Bobby Hicks Hwy. Turn left onto Roy Martin Rd. Turn left onto Gray Station Rd. Turn left onto Judge Gresham Rd.
    Remarks Misc:Public Remarks2Welcome to a remarkable investment opportunity presented by The Addington Agency! Nestled at 154 Judge Gresham Rd and constructed in 2018, this state of the art flex space spans over 13,000 square feet and is currently home to a long standing local enterprise, boasting a NNN lease with 14 years remaining, underscored by an annual rent escalation of 3%. Strategically positioned in the heart of a rapidly growing market, this property is located within a quick drive to anywhere in the TriCities offering easy accessibility to I-26 and Bobby Hicks Hwy promoting excellent visibility! Boasting over 8,000+ sqft of meticulously designed office space with 9 designated offices, a welcoming reception area, spacious lobby, 5 lavatories, versatile conference/training room, and multiple storage rooms; this place has it all. The property also boasts over 4,500+ square feet of warehouse space, complete with three 14' automated garage doors, a 10' automated door with a loading dock, and a 12' automated door at the rear for secured parking, and complemented by a sprawling 1,000+ square feet covered carport, also ideal for private parking, storage, or potential conversion into additional conditioned space. Custom built with quality in mind, this steel-framed building offers an array of features including 23' eve height, 28' peak, 6'' concrete pad in warehouse, 3-Phase power, automated LED lighting, fully sprinklered, and a security system paired with surveillance and key card entry system for staff. Furthermore, the property offers a fenced in parking area, catering to diverse operational needs. TCAC has been the local cornerstone of this industry since 1969, and provides a stable track record of success with consistent growth over the years, ensuring comfort with your investment. Zoned I-1, and situated on 1.75 acres adjoining Food City and various high-density housing developments, this versatile structure not only represents a lucrative investment opportunity but also offers
    Restrictions:Other37true
    Road Access:City Streettrue
    Roof:Metal3true
    Sale Includes:Lease Holdtrue
    Sewer:Septic Tanktrue
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
The Addington Agency Bristol
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