AVAILABLE FOR SALE OR LEASE

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AVAILABLE FOR SALE OR LEASE
Former
United Cities Gas Company Office Building Johnson
City, TN
Contact Bill Ward to obtain Complete
Details Office 423-968-5971 E-Mail
bill_at_ira-realty.com Mobile [phone]
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Investment Summary Interstate Realty Company is
pleased to present for sale or lease of the
former United Cities Gas Company
building. Located at 108 West 10th Avenue in
Johnson City, TN, this property is positioned one
(1) block off North Roan Street, approximately
one quarter (1/4) mile from Downtown Johnson
City. It is close to all city offices and offers
the successful buyer a potential property with
possibilities of long time cash flow for years to
come.
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Exterior Views Former United Cities Gas Company
Building
Front View of subject looking southwest from 10th
Ave
Front View of subject looking northwest from 10th
Ave
View of parking area
View of parking area
View of neighborhood looking southwest on 10th
Avenue
View of neighborhood looking southwest on 10th
Avenue
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Interior Views Former United Cities Gas Company
Building
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Johnson City Metro Statistical Area (MSA)
As Shown on above map, Johnson City, (MSA)
consists of Johnson City, Jonesborough,
Elizabethton, Erwin, Washington County, Carter
County and Unicoi County. Climate for the area
is considered moderate with average yearly
temperature at 56 degrees. The Tri-Cities
Airport, located 20 minutes northeast of Johnson
City, serves the area with a modern terminal
facility with more than 54 inbound and outbound
daily flights provided by U.S. Airways, Delta,
Northwest, Conair and ASA. Johnson City has a
population of 59,237 with an average household
income of 45,876. East Tennessee State
University has its main campus at Johnson City
and it serves approximately 12,000 students
insulating any catastrophic industrial closing.
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Johnson City Provides Growth and Opportunity for
the Future
With the low probability of closing the James A.
Quillen VA Medical Center and East Tennessee
State University, the City, with its diversified
manufacturing, retail and medical services has
shown continued population and job growth over
the last eight years of almost 10. Thus growth
has taken place on a sound basis and the City has
a strong and reasonable tax basis for further
expansion and growth.
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Floor Plans of Each Level
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Site Location, Tax Map and Property Description
Location Map
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ADDRESS 108 West 10th Avenue, Johnson City, TN
37604 LOCATION Northwest side of 10th
Avenue, approximately 170 feet southwest of
North Roan Street. SIZE TRACT NO. 1 20,175
sq. ft. or 0.463 acre TRACT NO. 2 4,631 sq.
ft. or 0.106 acre TOTAL 24,806 sq. ft. or
0.569 acre LAND TO BLDG. RATIO 6.25 to 1
(based on the footprint of the building) SHAPE
Rectangular (see tax map) FRONTAGE 134.5
West 10th Avenue TOPOGRAPHY The subject site
is relatively level with West 10th Avenue
and is classified as very gently rolling
terrain. UTILITIES Utilities are available
to the area include Water
Public Sewer Public Telephone
Public Electricity Public EASEMENTS No
easements or encroachments were noted
during inspection. A survey would be required
to determine if any exist. Access for the
property uses public alleys.
ZONING B-4, Arterial Business District
The building can be used for a single tenant or
it can be easily adjusted for multi-tenant use as
each level has access by a separate entrance.
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IMPROVEMENTS DESCRIPTION QUALITY OF
CONSTRUCTION Good quality FOUNDATION
Concrete block ROOF COVER Flat,
built-up roof GUTTERS/DOWNSPOUTS Built-in
gutters and downspouts. EXTERIOR
WALL Brick veneer and concrete GROSS
BUILDING AREA 11,907 sq. ft. NET RENTABLE
AREA 11,194 sq. ft. INTERIOR
FINISH FLOORS The floor cover is a
combination of carpet and
vinyl composite tile WALLS
Interior walls are for the majo
rity drywall CEILING For the
majority, the ceilings are fiber
tiles in a metal suspension system
with some areas have
drywall SPRINKLER The building does
not have sprinkler
system PLUMBING Each level has two
restrooms near the center of the
building. The upper level has an
executive restroom with a
shower stall HVAC The
hvac system is central heat and air
with gas heat and electric
air ELECTRIC 600 amp electrical system
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LIGHTING For the majority, lighting is
by fluorescent light fixtures laid
in the metal suspension grid for
the ceiling WINDOWS Windows
are for the majority fixed with
insulated glass ACCESS Each level
shares an entrance on the northeast
side of the building. However, each
level has its own, private access on
the southwest corner of the
building. Therefore, in calculating
the Gross Rentable Area, these
entrances are considered in the
square footage for the rentable area.
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General Comments This property is judged to be
in average condition. It is in need of some
painting, carpet repairs and general clean up.
However, with a gross rentable area of 11,194
square feet of excellent office space in a well
located area of a growing city, we feel the sale
of this property at the offering price is an
excellent opportunity in todays market. LISTED
SELLING PRICE 599,500 GROSS LEASE
PRICES 8.00 to 11.00 per square foot
depending on size and location of space