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1201 Highway 19e 2
Elizabethton TN 37643
MLS #9990324 · Listing Courtesy of The Addington Agency Bristol
$365,000
Active
920
Sq Ft
0.07
Acres
2008
Built
Property Description
REDUCED!! Looking for a passive investment property? Don't miss this one!
Located at 1201 Hwy 19E and constructed in 2008, this state-of-the-art retail building is currently home to Buddie's Tobacco & Vape, operating under a NNN lease with 5 years remaining, annual rent escalations of $50, and two (5)-year renewal options--offering long-term stability and predictable returns.
Strategically positioned in the heart of a rapidly growing market, this property sits along Hwy 19E, providing exceptional visibility and accessibility with over 17,000+ ADTC. Its central location allows for quick access to anywhere in Elizabethton, further enhancing its appeal to both tenants and investors.
Zoned M-2 and situated within a high-density commercial corridor, this versatile asset presents not only a strong passive investment, but also future upside potential in a corridor that continues to see commercial demand.
Whether you're an investor seeking passive income, a visionary capitalizing on a prime location, or simply looking for a safe place to deploy capital, opportunities of this caliber--at this price point--rarely come to market, and will not last long priced to sell at $365k. Call today to schedule your appointment! All information contained herein is gathered from third party sources, tax records, homeowner and is subject to buyers and buyers agent verification.
Property Facts
Property TypeCommercial Sale
MLS Number9990324
Association Fee FrequencyMonthly
HOA Fee$100
City Taxes$487.20
County Taxes$610.40
Features & Amenities
Interior
Heat Pump
Exterior
City Street
Highway
Infrastructure In
Metal Roof
Stone Veneer Exterior
Stucco Exterior
Other
Above Average Condition
Fee Simple
Leases
Public Sewer
Public Water
Retail
Shopping
Strip Center
Directions
From Johnson City, take US-321 N to Elizabethton. Turn right onto US-19E S/US-321 S. Property on the right.
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Additional Information
Business TypeSee RemarksYesContract InfoForeclosureNoElectric ServiceSee RemarksYesGeneral Property Description# Restrooms1Annual Lease36,000HOAYesLeaseNoLot Size23.4X41.2Total Finished SqFt920Unfinished SqFt0ZoningM2Location Tax Legal InfoDeed Book #588Deed Page #966Lot #2Unit #2Other EquipmentSee RemarksYesRestrictionsSee RemarksYes
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