Oakland Avenue Center

Shopping Center for Sale
Catylist Listing ID: 30394679
Property Subtypes: Neighborhood Center
Building Size (RSF): 20,022 SF
Gross Building Area: See Agent
Gross Land Area: 1.25 Acres
Sale Price: $1,400,000
Unit Price: $69.92 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/12/2019

Overview / Comments

Three building retail center on busy Oakland Ave in Johnson City, TN. Tenants include EZ Rentals, Newton Accounting, Stealth Belt. Major upside in leases, vacancy and upgrade. 46 parking spaces and two handicap spaces.

Contact Listing Agent for financial information.

DO NOT DISTURB TENANTS. Contact Listing Agent for showing.

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $23,791 (Annual)
Tax Value Land $380,900
Tax Value Improvements $1,012,100
Assessed Value - Total($) $1,393,000 (Annual)

Additional Details

Nearest MSA: Johnson City
County: Washington
Tax ID/APN: 090062C C 02100
Zoning: COMMERCIAL
Site Description: Near corner of a major intersection. New Pizza Hut is scheduled for the hard corner.
Area Description: I-81 North to Exit 57A toward Asheville/Johnson City. Take Exit 19, TN-381 State of Franklin Rd Exit. Left at bottom of ramp toward Bristol/Speedway to N Roan St. Right to W Oakland, turn right onto W Oakland. Property is on the right.
Total Number of Buildings: 3
Property Condition: Average
Year Built: 1982
Parking Type: Surface
Lot Frontage: 200

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,073 37,738 83,887
Median Age: 48.66 42.54 39.12
Households: 1,495 16,576 35,606
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