107 Main StJonesborough, TN 37659

Property Details for 107 Main St

Year built

1900

Lot size

38.00 AC

Property size (Sq ft)

6,006 SF

Zone code

HB-2

Property type

Retail properties

Property subtype

Retail space

APN

060A E 02100

APU

060AE02100

Description

Lampson Hall, a stunning three-story building (6,006 square feet) located at 107 E Main St, Jonesborough, TN 37659, presents a premium business opportunity in the heart of Tennessee's oldest town. Built in 1871 and extensively renovated in 2013, this property seamlessly blends historic charm with modern amenities. The main level (3,003 sq ft) features a commercial kitchen, gas log fireplace, built-in bar, two half baths, and a separate space currently operating as a coffee shop. The second floor (also 3,003 sq ft) offers versatile space, currently divided into three income-producing areas, but easily adaptable to a single large space. This level includes multiple offices/conference rooms, a full bath, a half bath, two fireplaces, and a commercial warming kitchen (approved by the town). The building boasts exposed brick walls, original hardwood floors, and a functioning original dumbwaiter. Three exterior entrances provide convenient access to both levels. The property includes three designated parking spaces in a rear lot. Recent updates include a new metal roof (2020) and replacement back steps (2023). This exceptional property, zoned B2, is listed at $1,995,000 ($332.17/sq ft) and is ideal for a variety of uses, including a pub/tavern, restaurant, event venue, retail space, or office space. Located in a thriving area recently highlighted in Southern Living Magazine and ranked among the best places to live by USA Today, this is a truly unique investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,703,713

  6.5%

  $1,572,658

  7%

  $1,460,326

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,246,074

  Geo Method

  $1,246,074

• Alternative Use

  Use

  Valuation

  Residential

  $1,326,596

  Hospitality

  $1,215,155

  Educational

  $1,010,995

  Medical

  $1,045,764

  Retail

  $1,572,658

Location Insight

City

Jonesborough

County

Washington

State

Tennessee

Latitude

36.2945

Longitude

-82.4733

CBSA code

27740

CBSA name

JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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