1003 E Jackson Blvd - Retail FOR SALE


Jonesborough, TN 37659
$725,000 USD
865-216-9025
1003 E Jackson Blvd, Jonesborough, TN for Sale
$725,000 USD
Retail - FOR SALE
1/19
null | 6% Cap Rate

1003 E Jackson Blvd
Jonesborough, TN 37659


HIGHLIGHTS

  • Prime High-Traffic Location: On a busy highway across from East Jackson Elementary
  • Stable Income: Two tenants (25+ years) with 4 years left on lease
  • High-Demand Leasing: Two large spaces available, one nearly filled
  • Strong Investment: Reliable rental income with growth potential

OVERVIEW

This 7,980 square foot, 4-bay retail commercial building in downtown Jonesborough, the oldest town in Tennessee, offers a prime investment opportunity with stable tenants, two of which have been in place for 25 years. All tenants are on triple net leases, meaning they pay for property taxes, insurance, and maintenance in addition to their rent. With current tenants occupying the building at rates ranging from $10-$13 per square foot per year and a $367 CAM fee each, the total annual take-home with full occupancy is $103,172.04. The two largest units are currently vacant and listed on the market, each 2,177 square feet with road frontage, are available for lease at $1,814 per month plus CAM.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$83 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,521 SF

ZONING

B1

APN/PARCEL ID

052K-A-027.01

ASK ABOUT THIS PROPERTY

Zane WilliamsCrye-Leike RealtyMore Info
865-216-9025

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Zane WilliamsCrye-Leike RealtyMore Info
865-216-9025

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.