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500 W CHESTNUT ST JOHNSON CITY, TN 37604
- Commercial / Resale (MLS)
Property Details for 500 W CHESTNUT ST, JOHNSON CITY, TN 37604
Features
- Lot Size: 0.37 acres
- Total Units: 1
- Stories: 200
- Roof Type: GABLE OR HIP
- Heating: Baseboard,Central Furnace
- Exterior Walls: Brick
Facts
- Year Built: 01/01/1960
- Property ID: 889795390
- MLS Number: 9967034
- Parcel Number: 054F-N-025.00
- Property Type: Commercial
- County: Washington
- Legal Description: ROAN HEIGHTS ADD PB: BLK: 3 LOT: 1 93.90 X 167.3 IRR
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. The eclectic Tree Streets are one of the most sought-after areas in East Tennessee. A tree-lined residential neighborhood within biking distance of ETSU, Quillen Med School, Bill Gatton School of Pharmacy, plus all that Downtown Johnson City has to offer. Unique events make the 'Tree Streets' feel like home. Property is within walking distance to Veterans Park (and South Side Elementary), a few favorites to catch: Music in the Park on Sundays, Kickball and a Covered Dish, Earth Day Bike Parade, Chili Cook-off. Turn-key, high cap properties and multi-families in the Tree Streets are scarce on their own- combining the two is truly a rare opportunity. 500 W Chestnut not only produces a 9% cap, but has immediate potential to increase, without force, through a conservative rental rate adjustment on two of the units.
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Property Brokerage:
BRIDGE POINTE REAL ESTATE, LLC
504 E Jackson Blvd
Jonesborough
TN
37659
Copyright © 2024 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.