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1201 Highway 19e 2, Elizabethton, TN 37643 - $435,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Commercial Sale Sub Type: MLS Number: 9990324
Living Area: 920 Lot Acreage: 0 Year Built: 2008
Elementary School: Middle School: High School:
Property Description
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 $435k. 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.
Listing Status
Active
  • More Listing Info
    AC:Heat Pump3true
    Business Type:Retail2true
    Business Type:See Remarks33true
    Business Type:Shoppingtrue
    Business Type:Strip Centertrue
    Contract Info:ForeclosureNo
    Development Status:Infrastructure Intrue
    Electric Service:See Remarks36true
    Exterior Finish:Stone Veneertrue
    Exterior Finish:Stucco2true
    General Property Description:# Restrooms1
    General Property Description:Acres0.07
    General Property Description:Annual Lease36000.0
    General Property Description:Association Fee FrequencyMonthly
    General Property Description:HOA Fee100.0
    General Property Description:HOA YNYes
    General Property Description:LeaseNo
    General Property Description:Lot Size223.4X41.2
    General Property Description:Total SqFt Finished920.0
    General Property Description:Total SqFt Unfinished0.0
    General Property Description:Zoning2M2
    Heating:Heat Pump2true
    Info Available:Leases2true
    Location Tax Legal Info:City Taxes487.2
    Location Tax Legal Info:County Taxes610.4
    Location Tax Legal Info:Deed Book #588
    Location Tax Legal Info:Deed Page #966
    Location Tax Legal Info:Lot #2
    Location Tax Legal Info:Unit #2
    Other Equipment:See Remarks38true
    Property Condition:Above Averagetrue
    Remarks Misc:Directions3From Johnson City, take US-321 N to Elizabethton. Turn right onto US-19E S/US-321 S. Property on the right.
    Remarks Misc:Public Remarks7Looking 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 $435k. 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.
    Restrictions:See Remarks34true
    Road Access:City Streettrue
    Road Access:Highwaytrue
    Roof:Metal3true
    Sale Includes:Fee Simpletrue
    Sewer:Public Sewertrue
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
The Addington Agency Bristol
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