Johnson City, TN Retail Property For Sale

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Retail for Sale

Johnson City, TN 37604

Mitch Cox Realtor, Inc. is pleased to present Peoples Crossing, a 29,195 SF community shopping center sitting on 3.57 acres in Johnson City, Tennessee. The offering is fee simple, with 100% occupancy and a synergistic mix of Retail, Service and Food-oriented tenants.

Thirty-Eight percent of the tenant roster have thrived at this location since the property was constructed in 2005. Twenty-Nine percent are Med-tail users.

The real estate fronts Peoples St. adjacent to the Major Thoroughfares of the I-26 (67,445 CPD) leading to Downtown Johnson City, and Hwy 381 (35,936 CPD) leading to Johnson City Medical Center and East Tennessee State University.

There has been Explosive Growth in the immediate Trade Area: The Property is adjacent to Johnson City Crossing Shopping Mall - a 335,678 SF Power Center anchored by The Home Depot, Best Buy, PetSmart, Michael’s, Five Below. Also surrounding the Property is Wendy’s, Chick-Fil-A, Panera Bread & Best Buy. Other retailers in the immediate area around the site include Hobby Lobby, Sam’s Club, Barnes & Noble, Lowe’s, Kohl’s, Ashley Furniture, and more. This area is home to 6.4 Million Square Feet of Retail within a 3-Mile Radius, with a historically low 1.80% Vacancy Rate.

Thanks to the Tax-friendly policy of Tennessee, affordability and year-round world-class outdoor recreation, Johnson City is experiencing Tremendous growth: Wall Street Journal ranked JC as the #3 Emerging Real Estate Market in the US, while Realtor.com ranked JC in the Top Ten Hottest Real Estate Markets in 2022. Population topped 72,000 and is expected to exceed 95,000 in 2030. New Homes Permits in 2021 more than Doubled 2019, with the total estimated value also doubled from $16.9 million in 2019 to $23.4 million in 2020 to $35.3 million in 2021.

Johnson City is an Economic Hub of the Tri-Cities Region, known for its “Med-Tech” Corridor located less than 1 miles from Peoples Crossing. Major institutions that are located within the Med-Tech Corridor include Johnson City Medical Center (445-bed Regional Level 1 Trauma Center), East Tennessee State University (14,500 students), Niswonger Children’s Hospital, Franklin Woods Community Hospital, ETSU’s Gatton College of Pharmacy, ETSU’s Quillen College of Medicine, and the Mountain Home Campus of the U.S. Department of Veterans Affairs.

This offering represents true value at $283.45 per square foot and a 5.75% cap considering its strategic location in one of the fastest growth markets in the country.

Owner/Agent

Retail for Sale

Johnson City, TN 37604

Attention Investors - Fully Leased! Exceptional two property sale consisting of adjacent commercial buildings on nearly 1 acre fronting W. Oakland Avenue.

Great lease history and rental income, an ideal low maintenance investment in North Johnson City.

206 W. Oakland Avenue - Long term tenant, Roddy's Flowers and Gifts, is in place at this 5,985 sf stand-alone building on .48 acres.

210 W. Oakland Avenue - A versatile 8,000 sf commercial building on .48 acres, 100% leased, a mix of retail and commercial tenants.

Shared cross-parking, along with shared ingress and egress, common dumpster, and pylon sign. Maintenance and repair costs are shared among the Center owners. Property sits along well-established commercial zone with great visibility along West Oakland Avenue at North Roan Street, next to Pizza Hut and across from Mellow Mushroom. The intersection sees over 16,000 cpd. W. Oakland is a feeder street to both I-26 and State of Franklin Road. Properties are also available for individual sale. Contact agents for financials, property tours, or for more details.

Retail for Sale

Johnson City, TN 37604

Fully Leased - Attention Investors! A versatile .48 acre commercial lot with 8,000 sf of retail commercial space on West Oakland Avenue. The building is 100% filled with long-term tenants. Shared cross-parking, along with shared ingress and egress, common dumpster, and pylon sign. Maintenance and repair costs are shared among the Center owners. See attached video overview. Adjacent building, 206 W. Oakland, is also for sale individually or combined with this property, see separate listings.

Property sits along well-established commercial zone with great visibility along West Oakland Avenue at North Roan Street, next to Pizza Hut and across from Mellow Mushroom. The intersection sees over 16,000 cpd. W. Oakland is a feeder street to both I-26 and State of Franklin Road. Contact agents for financials, property tour, or for more details.

Office for Sale

Johnson City, TN 37604

Professional office park with long running stability and records! Fantastic location on the Corner of Oakland and Hanover - just off I-26 and State of Franklin Road. Featuring over 15,000 sqft of fully occupied finished office space and 16 lower level 20' x 40' storage bays. The office space is street level and divided into 14 individual units. Several units have been combined to suit the needs of the 4 current tenants occupying the office space. Ample parking in the front and rear of the building. The property is serviced with common water and sewer and individually metered for gas and electric. Great access to the property from 4 unique drive-in-out access points and situated at a traffic light. This wood frame and sided building is extremely well maintained and easy to manage. Great rental history and property records. This is a great opportunity to purchase a stable income producing property! Buyer/buyers agent to verify all MLS info.

Industrial for Sale

Johnson City, TN 37604

Located just 18 minutes from the Tri Cities Airport and 1 minute to two state highways this commercial / industrial building in the Johnson City Business District is in a perfect location for your business or any business out there. Location, Location Location, and this business has them all. Easy access, major highways, ALL utilities, and ample parking. Major businesses such as Land Air Communications, The Stock Pot, Ricoh USA, Toyoto Material Handling, CED Electrical Supply, Thunder Valley Fitness, Creative Energy, Servpro, Wallabies, Trinity Arts Center and more all call this area home. This is an incredible opportunity to own an approx. 5,600 sq.ft. building in such an exciting location. The front end of the building hosts 4 offices and two bathrooms. The building measures 70 feet x 80 feet. There is enough parking for over 20 vehicles. The sidewalls of the building are 16 feet high, center peak measures 18 feet and there are qty 2 – 14-foot-high roll up doors making the building a complete drive through building because the doors are matched on each side of the building. The previous trucking company would pull in, load up and drive out the other side. Feel free to look about the outside however you must make an appointment to see the inside. PLEASE DO NOT KNOCK ON THE DOOR OR DISBURB THE OWNERS. The sellers are moving so we encourage you to Make an Offer!

Retail for Sale

Johnson City, TN 37604

ATTENTION INVESTORS - 10 YEAR LEASE IN PLACE - 7% CAP! Modern 5,000 sq ft commercial building on .6 acres fronting West Market Street in Johnson City. Currently leased to tenant Vapor 42, building has large open retail area at front with storage area in back. This corner property has plenty of parking with access from both West Market Street and N. Center Street. Located along busy commuter traffic route between N. State of Franklin Road toward Walmart and Jonesborough. Contact agent for further information including financials.

Retail for Sale

Johnson City, TN 37604

THE HISTORIC HANNAH BUILDING, FORMERLY ATOMIK COMICS, IN DOWNTOWN JOHNSON CITY IS AVAILABLE FOR SALE FOR THE FIRST TIME IN 27 YEARS! A fantastic opportunity to own a building in the heart of downtown Johnson City with high traffic and visibility! The property has frontage and entrances at 213 East Main Street and at 108 East Market Street. The first floor is mostly open square footage that is a blank canvas for a myriad of uses within the B2 zoning; office, restaurant, retail, bar, etc. Finishing the first level are an open back room, two restrooms, and what used to be a small kitchenette. The second floor used to be a beautiful loft condo with a large open great room area with kitchen space at one end, a private bedroom, a full bath, several other rooms, and a laundry area. With a little TLC and repairs, this building has endless possibilities and could be a thriving business for the savvy investor or owner-occupant again!

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