302 Wesley StJohnson City, TN 37601

Property Details for 302 Wesley St

Year built

1973

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.89 AC

Property size (Sq ft)

25,619 SF

Property type

Office properties

Property subtype

Other office properties

APN

038G C 01100

APU

038GC01100

Description

This exceptional 1,421 square foot medical office space is available for lease at 302 Wesley Street in Johnson City, Tennessee. Built in 1973, the entire building is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space. The property is ideally situated in the heart of Johnson City, offering unparalleled accessibility and proximity to the city's commercial hub. This prime location provides excellent visibility and convenient access for patients and staff. The building's single-tenant occupancy ensures privacy and control over the entire space. The property is classified as a medical office, making it suitable for a wide range of healthcare practices. The address is 302 Wesley St, Johnson City, TN 37601. This presents a rare chance to establish or expand a business in a thriving area with excellent infrastructure and a strong local economy. The property offers a blend of established character and modern functionality, providing a comfortable and productive work environment. The 1,421 square feet offer ample space for various medical office configurations. This is an investment in a strategic location, promising significant returns for the right business. Interested parties are encouraged to inquire for further details and leasing options.

• CAP approach

  CAP return

  Valuation

  6%

  $4,943,744

  6.5%

  $4,563,456

  7%

  $4,237,496

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,109,212

  Geo Method

  $2,109,212

• Alternative Use

  Use

  Valuation

  Residential

  $5,658,686

  Hospitality

  $5,183,326

  Educational

  $4,312,466

  Medical

  $4,460,778

  Retail

  $6,708,281

Location Insight

City

Johnson City

County

Washington

State

Tennessee

Latitude

36.3528

Longitude

-82.3753

CBSA code

27740

CBSA name

JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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