Property Description

Listing Status

• More Listing Info

  AC:Central Air	true
  AC:Heat Pump3	true
  Business Type:BarTavernLounge	true
  Business Type:Professional Service	true
  Business Type:ProfessionalOffice	true
  Business Type:Restaurant	true
  Contract Info:Foreclosure	No
  Development Status:Infrastructure In	true
  Easements:Flood Zone	true
  Electric Service:220 Volts	true
  Electric Service:Single Phase	true
  Exterior Finish:Brick4	true
  Exterior Finish:Synthetic Stucco	true
  General Property Description:# Restrooms	2
  General Property Description:Acres	0.09
  General Property Description:Annual Lease	37200.0
  General Property Description:HOA YN	No
  General Property Description:Lease	No
  General Property Description:Lot Size2	25 x 160
  General Property Description:Road Frontage Length	25
  General Property Description:Stories3	1.5
  General Property Description:Total SqFt Finished	4330.0
  General Property Description:Total SqFt Unfinished	0.0
  General Property Description:Zoning2	B-2
  Heating:Central	true
  Heating:Natural Gas2	true
  Info Available:Other29	true
  Location Tax Legal Info:City Taxes	2341.15
  Location Tax Legal Info:ComplexInd Park	Downtown
  Location Tax Legal Info:County Taxes	2542.16
  Location Tax Legal Info:Deed Book #	1103
  Location Tax Legal Info:Deed Page #	1314
  Other Equipment:Basement4	true
  Other Equipment:Exterior Lights	true
  Other Equipment:Handicap Access2	true
  Other Equipment:Handicap Facilities	true
  Other Equipment:Inside Storage	true
  Other Equipment:Lighting-Fluorescent	true
  Other Equipment:Lighting-Incandescent	true
  Other Equipment:Refrigerator2	true
  Other Equipment:Smoke Detector(s)2	true
  Property Condition:Above Average	true
  Remarks Misc:Directions3	E Market St between S Roan St and Buffalo St
  Remarks Misc:Public Remarks2	Fantastic opportunity to own a piece of Downtown Johnson City!!! SELLER WILL CONSIDER OWNER FINANCING/LEASE-PURCHASE. Centrally located in the Downtown Historic District, this professionally decorated building provides opportunities for many types of businesses. The space contains two suites (Suite 1 offers a small reception area/office, two private offices, a conference room, and a kitchenette, Suite 2 offers a reception area, an open office, a private office, a conference room, and a kitchenette), three additional offices, two bathrooms and a basement. In total there is the potential for nine/ten offices, if the conference rooms are included. Tenants are on a month to month verbal lease, Current rents are below market rates. Doubling rents could yield a cap of 9.3%, based on current expenses. Possession to be 60 days from binding agreement date to close. New commercial rubber roof with 40-year life and 15-year warranty in 2023, newer furnace in 2020, two heat pumps-one new in 2023, shower in men's bathroom. Front entrance is on Market St and back entrance is on Main St, with wheelchair access from Main St.. Property is zoned B-2 for both business and residential use. Changes to the building exterior could require approval by the Historic Zoning Comm. Ask LA for City contact info. One conference table, four matching chairs, two reception chairs, one sofa, one bureau, one armoire, and one large file cabinet convey, if requested. Wall tapestry does not convey. All information is deemed reliable but not guaranteed. Buyers/Buyers Agent to verify all information.
  Restrictions:Other37	true
  Road Access:City Street	true
  Roof:Rubber	true
  Sale Includes:Fee Simple	true
  Sewer:Public Sewer	true
  Water:Public	true
  Videos:	(none)
  Virtual Tours:	(none)

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