154 Judge Gresham Road
Johnson City, TN, 37615 $ 2,195,000
Baths0.0 Sq 13,800 Studio
for $2,195,000. This 13,800 square foot property was built in 2018 on a lot size of 1.76.
Welcome to a remarkable investment opportunity presented by The Addington Agency! Nestled at 154 Judge Gresham Rd and constructed in 2018, this state of the art flex space spans over 13,000 square feet and is currently home to a long standing local enterprise, boasting a NNN lease with 14 years remaining, underscored by an annual rent escalation of 3%. Strategically positioned in the heart of a rapidly growing market, this property is located within a quick drive to anywhere in the TriCities offering easy accessibility to I-26 and Bobby Hicks Hwy promoting excellent visibility! Boasting over 8,000+ sqft of meticulously designed office space with 9 designated offices, a welcoming reception area, spacious lobby, 5 lavatories, versatile conference/training room, and multiple storage rooms; this place has it all. The property also boasts over 4,500+ square feet of warehouse space, complete with three 14' automated garage doors, a 10' automated door with a loading dock, and a 12' automated door at the rear for secured parking, and complemented by a sprawling 1,000+ square feet covered carport, also ideal for private parking, storage, or potential conversion into additional conditioned space. Custom built with quality in mind, this steel-framed building offers an array of features including 23' eve height, 28' peak, 6'' concrete pad in warehouse, 3-Phase power, automated LED lighting, fully sprinklered, and a security system paired with surveillance and key card entry system for staff. Furthermore, the property offers a fenced in parking area, catering to diverse operational needs. TCAC has been the local cornerstone of this industry since 1969, and provides a stable track record of success with consistent growth over the years, ensuring comfort with your investment. Zoned I-1, and situated on 1.75 acres adjoining Food City and various high-density housing developments, this versatile structure not only represents a lucrative investment opportunity but also offers boundless potential to accommodate a myriad of business ventures including manufacturing, processing, fabrication, construction, storage, or multi-tenant conversion, among many others. Opportunities of this caliber in this location rarely come to market, and this opportunity will not last long priced to sell at $2.4M. Call today to schedule your appointment!
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FeaturesGeneralSewer Septic Tank
Heating Other Heat Pump
Cooling Heat Pump
Roof Metal
Development Status Infrastructure In
Zoning I-1
Construction Materials Aluminum Siding
Year Built 2018
Electric Phase 3
Business Type Building Trade Distribution Industrial Manufacturing
County Washington
New Construction N
Property Type Commercial Lease
Garage Y/N N
Status Active
Directions From Johnson City head northwest on I-26 W. Take exit 13 to merge onto TN-75 N/Bobby Hicks Hwy. Turn left onto Roy Martin Rd. Turn left onto Gray Station Rd. Turn left onto Judge Gresham Rd.
City Johnson City
View Y/N N
MLS Area 307 - Gray/Boones Creek
Lot Size Square Feet 76665.6
Carport Y/N N
Street Name Judge Gresham
Land Lease Y/N N
Property Condition Above Average
Lease Renewal Y/N N
MLS Area Minor 307 - Gray/Boones Creek
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://unbranded.youriguide.com/154_judge_gresham_rd_johnson_city_tn/
Days on Market 72
Standard Status Active
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ExteriorWater Source Public
Total Parking 35.0
Lot Size Area 1.76
Spa N
Building Area Total 13.0
Lot Dimensions See Acreage
Lot Size Acres 1.76
Lot Size Units Acres
Road Frontage Type City Street
Other Equipment Delivery Doors Fire Alarm Fire Sprinkler System Free Standing Garage Bay(s) Inside Storage Loading Dock(s) Overhead Doors Refrigerator Security Fence Security System See Remarks
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorAir Conditioning Y/N Y
Heating Y/N Y
Street Suffix Road
Electric On Property Y/N N
Total Baths 0
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* Excluded FeaturesList ByGarrett AddingtonListing Agent
The Addington Agency BristolBroker
Garrett@TheAddingtonAgency.comEmail
NearbyAbout Johnson City, TN 65,512 Population
14% Since 2002
$ 39,045 Median Income
37.2 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
857276 Elementary School
857482 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/19/2024 | $2,195,000 | -8.54% | Price Down |
2/19/2024 | $2,400,000 | | Listed Price |