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5788 Bobby Hicks Hwy, Gray, TN 37615 - $2,000,000

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Blue Ridge Properties Listing

5788 Bobby Hicks Hwy, Gray, TN 37615 (MLS #9971518)

Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Commercial Lease

Sub Type:

MLS Number: 9971518

Lot Acreage: 0.97000

Living Area: 8,500

Year Built:2018

Elementary School:

Middle School:

High School:

Public Remarks: Great investment opportunity in sought after Gray, TN (suburb of Johnson City)! Government Agency just signed a new 10-year lease. Class A office space! All brick, single level. Property is being offered at a 6.2 cap rate. Annual increases in the rental rate. Property is only 5 years old! USA Today just ranked Johnson City, TN #1 in places to move to in the South!

Listing Courtesy:The Elite Team Agency

More Listing Info:

AC:Central Air: true

Business Type:OfficeShowroom: true

Contract Info:Foreclosure: No

Development Status:See Remarks37: true

Electric Service:See Remarks36: true

Exterior Finish:Brick4: true

General Property Description:Acres: 0.97

General Property Description:Annual Lease: 146250.0

General Property Description:HOA YN: No

General Property Description:Lease: Yes

General Property Description:Lot Size2: +/- .97

General Property Description:Total SqFt Finished: 8500.0

General Property Description:Total SqFt Unfinished: 0.0

General Property Description:Zoning2: B3

Heating:Central: true

Info Available:See Remarks28: true

Location Tax Legal Info:City Taxes: 0.0

Location Tax Legal Info:County Taxes: 9256.18

Other Equipment:See Remarks38: true

Property Condition:Above Average: true

Remarks Misc:Directions3: North on Bobby Hicks hwy towards the airport. Property is approximately 2 miles from I-26 on the right hand side.

Remarks Misc:Public Remarks2: Great investment opportunity in sought after Gray, TN (suburb of Johnson City)! Government Agency just signed a new 10-year lease. Class A office space! All brick, single level. Property is being offered at a 6.2 cap rate. Annual increases in the rental rate. Property is only 5 years old! USA Today just ranked Johnson City, TN #1 in places to move to in the South!

Restrictions:See Remarks34: true

Road Access:Highway: true

Roof:Shingle: true

Sale Includes:Fee Simple: true

Sewer:See Remarks25: true

Water:Public: true