926 Oakland AveJohnson City, TN 37604

  • Office properties
  • 31,892 SF
For Lease
$17/SF/YR View listing

Property Details for 926 Oakland Ave

Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.58 AC
Property size (Sq ft)
31,892 SF
Zone code
B1
Property type
Office properties
APN
037F A 01500
APU
037FA01500

Description

This single-story, 15,400 square foot Creekside Plaza Professional Suites building, constructed in 1982, offers a prime retail and office space opportunity in Johnson City, Tennessee. Located at 926 W Oakland Ave, 37604, this property boasts a convenient location at the signalized intersection of W Oakland Ave and Franklin Terrace in North Johnson City, less than half a mile from I-26. The building features multiple tenancies, with one available suite measuring 2,086 square feet, ideal for retail or office use. Recent improvements include new flooring in all available suites, and ongoing enhancements include new signage and landscaping. Access is excellent, with four points of ingress/egress and a dedicated right-turn lane. The property's strategic location provides easy access to shopping, dining, and lodging options, all within walking distance. A significant added benefit is a 20' x 40' detached commercial storage unit also available for lease on-site. The APN is 037F A 0015.00. Directions from I-26: Take exit 19, travel south on N State of Franklin Rd, then turn right onto W Oakland Ave. The property will be on the right in 0.1 miles.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,154,257
    6.5%
    $5,680,852
    7%
    $5,275,077
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,625,668
    Geo Method
    $2,625,668
  • Alternative Use

    Use
    Valuation
    Residential
    $7,044,257
    Hospitality
    $6,452,502
    Educational
    $5,368,406
    Medical
    $5,553,033
    Retail
    $8,350,853

Location Insight

City
Johnson City
County
Washington
State
Tennessee
Latitude
36.3513
Longitude
-82.4019
CBSA code
27740
CBSA name
JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$158,280
$405,640
$563,920
-
$395,700
$1,014,100
$1,409,800

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