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Lampson Hall 109 E Main St 6,066 SF 100% Leased Retail Building Jonesborough, TN 37659 $1,100,000 ($181.34/SF) 8.18% Cap Rate
Investment Highlights
- Historic Property in Highly Visited downtown Jonesborough
- Mixed Use. It can be almost anything you want it to be!
- Heavy Foot Traffic
Executive Summary
Income-Producing Commercial property! The property currently generates approximately $9,000/month ($108,000 annually) with an estimated NOI of ~$90,000. 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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,066 SF
Building Class
C
Year Built/Renovated
1871/2013
Price
$1,100,000
Price Per SF
$181.34
Cap Rate
8.18%
NOI
$90,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Zoning
B2 - Business
Parking
3 Spaces (0.49 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
50/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 060A-E-021.00 | Improvements Assessment | $190,800 |
| Land Assessment | $14,840 | Total Assessment | $205,640 |
Property Taxes
Parcel Number
060A-E-021.00
Land Assessment
$14,840
Improvements Assessment
$190,800
Total Assessment
$205,640
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Lampson Hall | 109 E Main St
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