3545 Market ST Johnson City, TN 37604
13,030 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 13,030 sqft
Price per Sqft $153
MLS Listing ID 10001959
HOA Y/N No
Total Fin. Sqft 13030
Year Built 1997
Lot Dimensions 40,946.4 sf
Source Tennessee/Virginia Regional MLS
Property Description
Excellent investment and owner-user opportunity located at 3543 & 3545 W Market Street in Johnson City, Tennessee, offering approximately 14,139 square feet of combined commercial space with established government rental income and significant additional leasing potential.
The property consists of approximately 13,030 square feet of primary building space, along with an additional 1,109-square-foot space ideally suited for professional office use.
Approximately 6,177 square feet is currently leased to the State of Tennessee - District Public Defenders Conference, generating $111,186 in annual contractual rental income. The existing lease commenced June 1, 2026, and expires May 31, 2031, with one additional five-year renewal option, subject to the lease's terms and termination provisions.
The remaining 7,962 square feet is currently vacant, presenting an opportunity for investors to increase rental income through lease-up or for owner-users to occupy a portion of the property while benefiting from an established government tenant.
The state-occupied space includes 17 private offices, two storage rooms, a conference room, a training area, a kitchen/break area, and five bathrooms.
Strategically positioned along West Market Street in Johnson City, the property offers flexibility for professional offices, medical or administrative users, legal services, government contractors, and other commercial operations, subject to applicable zoning and approvals.
With existing contractual rental income, substantial vacant space, and multiple potential occupancy configurations, this property presents an opportunity for investors seeking additional income potential or owner-users looking to offset occupancy costs through rental revenue.
Location
State TN
County Washington
Zoning B 4
Direction Use the right 2 lanes to take exit 19 to merge onto TN-381 S/N State of Franklin Rd Turn right onto Novus Dr Turn right onto US-11E S/US-321 S/W Market St
Interior
Heating See Remarks
Cooling See Remarks
Equipment See Remarks
Heat Source See Remarks
Exterior
Utilities Available See Remarks
Roof Type Metal,See Remarks
Road Frontage Highway
Building
Sewer See Remarks
Water Public
Structure Type See Remarks
New Construction No
Others
Senior Community No
Tax ID 053b F 00300 000
Acceptable Financing Cash, Conventional, Indiv/Seller Financing
Listing Terms Cash, Conventional, Indiv/Seller Financing