107 & 109 East Main Street, Jonesborough, TN 37659 - $1,100,000

Property Description

Listing Status

• More Listing Info

  AC:Ceiling Fan(s)	true
  AC:Central Air	true
  AC:Heat Pump3	true
  Business Type:Historical	true
  Business Type:Professional Service	true
  Business Type:ProfessionalOffice	true
  Business Type:Retail2	true
  Contract Info:Foreclosure	No
  Development Status:Finished Lot(s)	true
  Development Status:Other35	true
  Electric Service:220 Volts	true
  Exterior Finish:Brick4	true
  General Property Description:# Parking Spaces	3
  General Property Description:# Restrooms	4
  General Property Description:Acres	0.0
  General Property Description:Annual Lease	0.0
  General Property Description:Association Fee Frequency	Monthly
  General Property Description:HOA Fee	341.4
  General Property Description:HOA YN	Yes
  General Property Description:Lease	No
  General Property Description:Lot Size2	38.7X209.85 IRR
  General Property Description:Road Frontage Length	39
  General Property Description:Stories3	2.0
  General Property Description:Total SqFt Finished	6006.0
  General Property Description:Total SqFt Unfinished	0.0
  General Property Description:Zoning2	B2
  Heating:Fireplace(s)	true
  Heating:Forced Air	true
  Heating:Natural Gas2	true
  Info Available:Aerial	true
  Info Available:Leases2	true
  Info Available:See Remarks28	true
  Location Tax Legal Info:City Taxes	2550.0
  Location Tax Legal Info:County Taxes	3516.0
  Location Tax Legal Info:Deed Book #	1028
  Location Tax Legal Info:Deed Page #	2391
  Location Tax Legal Info:Lot #	Unit 1-2
  Other Equipment:Dishwasher2	true
  Other Equipment:Display Window	true
  Other Equipment:Exterior Lights	true
  Other Equipment:Handicap Access2	true
  Other Equipment:Lighting-Incandescent	true
  Other Equipment:Refrigerator2	true
  Other Equipment:Security System3	true
  Other Equipment:See Remarks38	true
  Other Equipment:Smoke Detector(s)2	true
  Property Condition:Above Average	true
  Remarks Misc:Directions3	Main St downtown Jonesborough, directly across from the Washington County Courthouse.
  Remarks Misc:Public Remarks7	Income-Producing Commercial property! The property currently generates approximately $9,000/month ($108,000 annually) with an estimated NOI of $87,461.00 and a Cap Rate of 7.95%. This is a prime opportunity to own a mixed-use investment property in the heart of historic Jonesborough. This well-maintained, historic property offers approximately 6,006 square feet across two levels, featuring established tenants and immediate income. The second floor consists of multiple office spaces providing consistent rental income, while the main level offers highly visible retail space with strong street presence and flexible future use. Originally built in 1871 and completely renovated in 2013, the building retains its historic charm with exposed brick, original hardwood floors, and unique architectural features(one of them a dumbwaiter shaft), while offering modern functionality. Additional improvements include a metal roof in 2020 and updated exterior access in 2023. Long deserved renovations on adjoining buildings are currently in progress at the rear of the building. Building addresses include 107 E Main Street & 109 E Main Street, Suite 101, 201 (A, B, & C). The main level consists of 3003 sqft, complete w/ commercial kitchen, gas log fireplace, built-in bar, half bath (107 E Main St) & separate space w/ additional half bath & certified warming kitchen (109 E Main St, Suite 101). The 2nd level, also boasting 3003 sqft, features multiple office spaces, 1 full bath & 1 half bath, 2 fireplaces, & a certified warming kitchen (109 E Main St, Suite 201 (A, B, & C). Three dedicated parking spaces are available in the parking lot behind the building. Located on desirable Main Street, this property benefits from excellent walkability, steady foot traffic, and a thriving downtown environment. Ideal for investors seeking stable returns with upside potential in one of East Tennessee's oldest, most charming and active downtown districts. Seller-provided financials available. Buyer to verify all information.
  Restrictions:See Remarks34	true
  Road Access:City Street	true
  Road Access:See Remarks32	true
  Roof:Metal3	true
  Sale Includes:Other38	true
  Sale Includes:See Remarks35	true
  Sewer:Public Sewer	true
  Utilities:Cable Connected3	true
  Utilities:Electricity Connected	true
  Utilities:Natural Gas Connected	true
  Utilities:Phone Connected	true
  Utilities:Sewer Connected	true
  Utilities:Water Connected	true
  Water:Public	true
  Videos:	(none)
  Virtual Tours:	(none)

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