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1201 Highway 19e 2, Elizabethton, TN 37643 - $365,000

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Property Facts

Property Type: Commercial Sale

Status: Active

Year Built: 2008

Lot Acreage: 0.07

Association Fee Frequency: Monthly

HOA Fee: $100

City Taxes: $487.20

County Taxes: $610.40

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.

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

Listing Courtesy

The Addington Agency Bristol