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Listing Courtesy of: Aaron Larkin - Property Executives Johnson City 423-952-0226

$1,100,000

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107 E Main Street Jonesborough, TN 37659

General Commercial Residence

Beds

Baths

6,006 Sq. Ft.

0.09 Acre Lot

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Last updated on 9/22/2024 5:08 PM

Listing Details

Premium business opportunity in the heart of ''Tennessee's Oldest Town''. Historic Downtown Jonesborough, TN. Jonesborough was recently featured in Southern Living Magazine for 15 Best Weekend Getaways in Tennessee... & voted #9, as best place to live, by USA Today. Jonesborough is part of the Johns...on City metropolitan statistical area, which is a component of the Johnson City-Kingsport-Bristol, TN & VA combined statistical area - commonly known as the ''Tri-Cities'' region. Built in 1871, Lampson Hall, has continued to thrive for over 153 years as a successful business site. This remarkable building retains its original character, all while providing modern amenities. Completely renovated in 2013 this building showcases its historical charm through the exposed brick walls, original hardwood floors, & original dumbwaiter shaft that services all three floors. This prime location would be ideal for a pub/tavern, restaurant, event venue, retail space, and/or office space. The main floor/level consist of 3003 square feet, complete with commercial kitchen, gas log fireplace, built in bar, two half baths, & a separate space that is currently being occupied as coffee shop. The second floor/level, also boasting 3003 sq', has been divided into three spaces... for income producing purposes... or can be used as one. This level features multiple office spaces and/or conference rooms, one full bath, one half bath, two fireplaces, & a kitchen that has also been approved to be a commercial warming kitchen, by the town of Jonesborough. Front exterior features three separate entrances.... two for main level access & one for second level access. This property also has three designated parking spaces in the parking lot behind the building. Additional updates include... metal roof was installed in 2020 and back steps were replaced in 2023. Honestly, there are too many upgrades & improvements to list... making this a MUST SEE property! Opportunities like this don't come available often Note: CRS is showing last sale of the condo unit only (109 East Main Street, Suite 301), for $650,000, that was purchased in 2023. This was not for the entire building. This was only for the purchase of the 3 BR/ 2 BA condo unit on the top floor. Income information for commercial space: Current monthly revenue: $7,550 / Potential monthly revenue: $9,050 (107 East Main Street (retail space & commercial kitchen) - $4,900/month; 109 East Main Street, Suite 101 - $1,000/month, 109 East Main Street, Suite 201A - $1,000/month; 109 East Main Street, Suite 201B - $750/month; 109 East Main Street, Suite 201C (currently not rented)- $1,500). Parking spots rent out to tenants for $100/month. **NOTE** Option to purchase the top floor (penthouse) unit is available for an additional $650,000... for a total of $1,750,000. See MLS# 9967853. This residential unit (109 East Main Street, Suite 301) boasts 3003 Finished Square Feet... putting the total square footage for the building at 9,009 finished square feet. Featuring 3 Bedrooms, 2 Full Bathrooms, gas log fireplace, large kitchen, tall ceilings, exposed brick walls, and stunning hardwood floors throughout. Pictures of this unit are included in this listing. This unit also includes two designated parking spaces in the parking lot behind the building... for a total of FIVE parking spaces for the entire building. All information herein deemed reliable but subject to buyers' verification. Continue reading

MLS#

9965581

Property Type

General Commercial

Year Built

1871

HOA Fee

$341 Monthly

Square Feet

6,006 sq. ft

Lot Size

0.09