2320 Knob Creek Rd - Medical CONDO FOR SALE


Johnson City, TN 37604
$606,375-$1,313,544 USD
423-677-8203
2320 Knob Creek Rd, Johnson City, TN for Sale
$606,375-$1,313,544 USD
Medical CONDO - FOR SALE
1/6
3,850-5,367 SF | 8.5% Cap Rate

2320 Knob Creek Rd
Johnson City, TN 37604


HIGHLIGHTS

  • Conveniently located near Med Tech Park
  • Minutes from I-26
  • Proximal to vibrant retail corridor on Peoples Street

OVERVIEW

This investment opportunity includes Suites 404 & 406 in a single-story multi-tenant office condo building in North Johnson City, TN. Leases are in-place for DaVita Dialysis & Low T Center. The cap rate is 8.5%. Part of Waterbrooke Professional Park Condominiums, the building has great visibility on Knob Creek Road and is located across the street from Med Tech Regional Business Park, part of the City’s medical and professional corridor. An advantage to its location just outside the park is proximity to Franklin Woods Community Hospital, East Tennessee Ambulatory Surgery Center and others, while not being subject to the restrictions of the park. The area between the Subject Property and Johnson City Medical Center is known as the “Med Tech Corridor”. The property is also very close to a vibrant retail and restaurant environment, which includes well-known brands such as Chick-fil-a, Panera, I-Hop, Best Buy, Home Depot, Carrabba’s, Lowe’s, Kohl’s, Planet Fitness, Academy Sports, Buffalo Wild Wings and many more.

FOR SALE DETAILS

PRICE

$606,375-$1,313,544 USD

CAP RATE

8.5%

# OF UNITS

2

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Waterbrooke Professional Park Shell Space

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

9,217 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

MS-1

APN/PARCEL ID

045D-F-001.01

ASK ABOUT THIS PROPERTY

John SperopulosMitch Cox Realtor, Inc.More Info
423-677-8203

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John SperopulosMitch Cox Realtor, Inc.More Info
423-677-8203

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