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401 E Myrtle 5,200 SF 81% Leased Retail Building Johnson City, TN 37601 $650,000 ($125/SF)
INVESTMENT HIGHLIGHTS
- Visability from I-26 with 61,000 vehicles/day
- 3 seperate spaces
- Multi-use building
EXECUTIVE SUMMARY
Located just off I-26 and Exit 22, at the corner of Elm Street and E Myrtle Ave, this 4,147 sq ft commercial building offers exceptional visibility from I-26 with an average daily traffic count of over 61,000 vehicles. The property features three individual commercial units, two of which are currently occupied providing immediate rental income. The remaining vacant unit is currently configured with multiple offices, offering flexibility for office, retail, or service-based use. Situated on a large, level lot, the property includes ample parking and a spacious backyard area that offers endless potential—ideal for outdoor seating, patio expansion, events, or additional business use. This is an ideal opportunity for an owner-user or investor seeking a highly visible, income-producing property in one of Johnson City's most accessible commercial corridors. Listing is for entire building (401A, 401B, and 403).
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,200 SF
Building Class
C
Year Built
1969
Price
$650,000
Price Per SF
$125
Percent Leased
81%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
B-3 - Supporting Central Business District
Parking
16 Spaces (8.9 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Freeway Visibility
- Signage
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 046K-N-026.00 | Improvements Assessment | $141,120 |
| Land Assessment | $24,480 | Total Assessment | $165,600 |
PROPERTY TAXES
Parcel Number
046K-N-026.00
Land Assessment
$24,480
Improvements Assessment
$141,120
Total Assessment
$165,600
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401 E Myrtle
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