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524 Elk Avenue

Elizabethton, TN 37643
  • $2,800,000
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: 9959078
UPDATED: 33 min ago
$2,800,000
  • 0
    BEDS
  • 0.36
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,700
    SQFT
  • $178
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1925
County:

School Ratings & Info

Description

Unique offering in the quaint Downtown area of Elizabethton, Tennessee. Four completely remodeled buildings on Elk Ave (the main street through Downtown Elizabethton) are being offered for sale as a portfolio. All buildings are currently leased. Tenants include an attorney, The Chamber of Commerce, Salon and Photography studio, and electrical contractor and a long standing pizza and sandwich shop Jiggy Ray's. There are good leases in place and great tenants. Each property has been completely renovated and updated with new electrical, plumbing and HVAC systems within the last 3 years. One building is sprinkled. There is 15,700 square feet total and all of the buildings are located within a few steps of the iconic covered bridge in Elizabethton spanning the Doe River. Car shows, festivals, parades and many other events are held on Elk Ave on a regular basis. There is a white water rafting park being considered on the Watauga River just a few hundred yards from where the Doe River spills into the Watauga River. There is an enormous amount of growth in this area, development and tourism are growing and there is a great opportunity to be in a prime location as things develop. World class fishing is at your doorstep, lakes and rivers abound, the Appalachian Trail is only about 7 miles away. Only minutes to NC or VA with any outdoor activity you could ask for right in your backyard!! Rent rolls, leases, financial documentation and viewing of the properties will be provided once the buyer has provided proof of funds.

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© 2023 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2023-12-05T15:59:59.483.
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524 Elk Avenue Elizabethton, TN 37643

  • Price: $2,800,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 33 min ago
  • MLS #: 9959078
0
Beds
0
Baths
0
½ Baths
0.36
Acres
15,700
SQFT
$178
$/SQFT
1925
Built
Neighborhood:
City Of Elizabethton
County:
Carter
Area:
City Of Elizabethton
Property Description
Unique offering in the quaint Downtown area of Elizabethton, Tennessee. Four completely remodeled buildings on Elk Ave (the main street through Downtown Elizabethton) are being offered for sale as a portfolio. All buildings are currently leased. Tenants include an attorney, The Chamber of Commerce, Salon and Photography studio, and electrical contractor and a long standing pizza and sandwich shop Jiggy Ray's. There are good leases in place and great tenants. Each property has been completely renovated and updated with new electrical, plumbing and HVAC systems within the last 3 years. One building is sprinkled. There is 15,700 square feet total and all of the buildings are located within a few steps of the iconic covered bridge in Elizabethton spanning the Doe River. Car shows, festivals, parades and many other events are held on Elk Ave on a regular basis. There is a white water rafting park being considered on the Watauga River just a few hundred yards from where the Doe River spills into the Watauga River. There is an enormous amount of growth in this area, development and tourism are growing and there is a great opportunity to be in a prime location as things develop. World class fishing is at your doorstep, lakes and rivers abound, the Appalachian Trail is only about 7 miles away. Only minutes to NC or VA with any outdoor activity you could ask for right in your backyard!! Rent rolls, leases, financial documentation and viewing of the properties will be provided once the buyer has provided proof of funds.
Exterior Features

Exterior Finish Brick Lot Size 50x75 Number Parking Spaces 0 Road Access City Street Roof Rubber

Interior Features

Ac Central AirHeat Pump Heating ElectricHeat Pump Total Sqft Finished 15700.00 Total Sqft Unfinished 0.00

Property Features

Annual Lease Amount 110076.00 Auction No Block 0024 Business Type Barber/BeautyOffice/ShowroomProfessional/OfficeRetail City Taxes 2160.00 County Taxes 2940.00 Development Status Finished Lot(s) Easements None Electric Service 220 Volts Existing Finance Conventional Financing CashConventionalIndiv/Seller Financing Foreclosure No Info Available AerialLeasesPlatProfit/Loss StatementRental Roles Lot Number 0009 Other Equipment Cable TVDisplay WindowFire Sprinkler SystemHandicap Access Property Condition Above Average Restrictions See Remarks Sale Includes Fee Simple Sewer Public Sewer Short Sale No Water Public Zoning B1

Listing information © 2023 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Jason Johnston of Coldwell Banker Security Real Estate: (423) 282-2595.



© 2023 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2023-12-05T15:59:59.483.
 
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