UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Rent
Square Footage 20,643 sqft
Subdivision Not In Subdivision
MLS Listing ID 10002607
HOA Y/N No
Total Fin. Sqft 20643
Year Built 1908
Lot Dimensions 75 X 100.58
Source Tennessee/Virginia Regional MLS
Property Description
The property is home to Sentimental Journey Antiques & Merchant Mall, a successful destination featuring three floors of antiques, collectibles, home furnishings and merchandise from vendors throughout the region. Its expansive storefront offers excellent visibility along East Main Street, while the welcoming interior features an open central staircase, a second-floor balcony overlooking the main level and decorative ceilings that add to the building's character. A rear entrance provides convenient access to the public parking area behind the property.
For an investor seeking a relatively hands-off ownership opportunity, the lease places responsibility for the roof, structure and HVAC with the landlord, while the tenant is responsible for the remaining property obligations and utility expenses. The roof and HVAC systems are in good condition, adding to the appeal of this investment. The tenant is operating under a long-term lease and has expressed an interest in remaining at this location for many years.
The setting is an important part of this investment. Downtown Johnson City functions as a walkable, mixed-use district where locally owned restaurants, shops, offices, apartments and short-term rentals are connected by welcoming streets and public spaces. The city has made substantial investments in downtown parks, streets and infrastructure, including Founders Park and King Commons, helping create a place where people want to live, work, shop and gather. Additional plans for growth and improvements reflect a continued commitment to downtown's future.
Just around the corner, the historic John Sevier Center is being considered for redevelopment as a hotel. The proposed project represents another potential addition to downtown's mix of destinations and amenities.
Johnson City serves as a regional center for healthcare, education and employment. Ballad Health, East Tennessee State University and the James H. Quillen VA Medical Center are significant economic anchors, complemented by ETSU's Quillen College of Medicine and Bill Gatton College of Pharmacy. Together with the region's Appalachian Mountain setting, outdoor recreation and four distinct seasons, these institutions contribute to Johnson City's appeal to residents, businesses and visitors.
With its downtown location, established tenant, recent capital improvements and 8% cap rate, 222 East Main Street offers investors the opportunity to acquire a distinctive commercial property in a market that continues to invest in its future.
Location
State TN
County Washington
Community Not In Subdivision
Zoning B 2
Direction Follow I-26 W and US-23 N to TN-91 S/E Market St in Johnson City. Take exit 23 from I-26 W/US-23 N. Take exit 23 for TN-91. Continue on TN-91 S/E Market St. Drive to E Main St. Turn left onto TN-91 S/E Market St. Turn left on to Buffalo St. Turn left on to East Main St. Destination on the right.
Interior
Heating Other, See Remarks
Cooling Central Air, Other
Equipment Fire Sprinkler System, Freight Elevator
Heat Source Other, See Remarks
Exterior
Roof Type Asphalt
Road Frontage City Street
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 046m F 024.00
Acceptable Financing Cash
Listing Terms Cash
Nearby Locations
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Kornerstone Properties
Company Owner License ID: 265226
Company Owner License ID: 265226