Broadway Avenue Strip Center
owner-user or investment opportunity with excellent visibility, strong surrounding residential densi
Marketing description
For Sale or For Lease - Positioned along one of Johnson City’s established commercial corridors, this ±10,380 SF freestanding former Family Dollar presents a compelling owner-user or investment opportunity with excellent visibility, strong surrounding residential density, and flexible B-4 Commercial zoning. There is also a 1200 square foot space which has been previously demised and available for lease separately from the entire space.
Constructed in 2005, the building is situated on ±1.02 acres and is fully served by all city utilities, including natural gas. The site features a ±14,500 SF paved and striped parking field with 42 parking spaces, along with an existing pylon sign, providing strong curb appeal and exposure along South Broadway.
The property’s efficient rectangular footprint and parking configuration support a wide range of uses including value retail, medical/urgent care, service retail, showroom, specialty grocery, or redevelopment into multi-tenant space (subject to zoning and approvals). Former national credit tenancy further enhances the building’s functionality and adaptability.
South Broadway serves as a primary neighborhood retail corridor connecting residential neighborhoods with downtown Johnson City, East Main Street, and major employment centers. The property benefits from consistent local traffic, strong daily-use demand, and proximity to established retailers, housing, and service businesses. Also for lease, see separate listing.
Investment highlights
- Sale Price: $87.00 per SF
- Lease Rate: $10.50 per SF NNN
- Building Size: ±10,380 SF (freestanding)
- Land Area: ±1.02 acres
- Parking: 42 striped spaces (±14,500 SF paved)
- Zoning: B-4 Commercial
- Year Built: 2005
- Utilities: All city services including natural gas
- Signage: Existing pylon sign
- Former National Tenant: Family Dollar
- DEMOGRAPHICS & MARKET OVERVIEW
- Johnson City, TN
- Population: ~71,000+
- Median Age: ~35 years
- Median Household Income: ~$55,000
- Employment Base: Healthcare, education, manufacturing, and regional services
- Retail Market Conditions: Historically tight retail vacancy with stable neighborhood demand driven by surrounding residential density and regional draw
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