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718 W Walnut St
Johnson City, TN 37604
718 West Walnut Street · Retail Property For Sale
Investment Highlights
- Great Location
- Onesite Parking
- Close to Downtown and ETSU
Executive Summary
Prime Commercial Space and Business For Sale in the revitalized West Walnut Street district. Located within walking distance to East Tennessee State University, Downtown, Founders Park, and the Historic Tree Streets of Johnson City, Tennessee this is an opportunity to own a turnkey business. Volunteer Pawn is a well-established name in Johnson City, Tennessee. The climate controlled 8,120-square-foot building has both retail and warehouse space, onsite parking, a fully fenced lot, and outdoor space. The building, business name, equipment and inventory are included in the sale. The City's West Walnut Street Corridor Redevelopment Plan has transformed this area that connects East Tennessee State University to downtown. The plan's new design includes upgrades to water and sewer lines and storm drains. The new, pedestrian-friendly roadway includes sidewalks on both sides, on-street parking, a bike lane, and public, accessible greenspaces.
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
8,120 SF
Building Class
C
Year Built/Renovated
1971/2018
Price
$1,672,500
Price Per SF
$205.97
Business Value
$400,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.26
Lot Size
0.73 AC
Opportunity Zone
Yes
Zoning
WWD - WWD
Amenities
- Fenced Lot
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Number | 054F-A-027.01 | Improvements Assessment | $83,960 |
| Land Assessment | $40,560 | Total Assessment | $124,520 |
Property Taxes
Parcel Number
054F-A-027.01
Land Assessment
$40,560
Improvements Assessment
$83,960
Total Assessment
$124,520
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