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423-968-7653
Commercial ()

524 East Elk Ave
Elizabethton, TN 37643

Stories: 2.0
Price: $3,800,000  Price Per ft²: $242.04  List Date: 2023-01-24  DOM:  4
City Tax: $2,160 County Tax: $2,940
Year Built: 1925 About homes built before 1978

Finished Area: 15,700 ft²

Unfinished: 0 ft² (not in garage)  

Total Area: 15,700 ft² (Finished & Unfinished)

Lot Size: 0.36 acre(s)Lot Dimensions: 50x75Road Frontage: 100ft
Heating: Electric, Heat PumpCooling: Central Air, Heat PumpWater & Sewage: Public

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 inyour backyard!! Rent rolls, leases, financial documentation and viewing of the properties will be provided once the buyer has provided proof of funds.

Community Information

Geographical
County: Carter
Subdivision:
Zoning: B1
School System
Elementary
Middle
High

Interior

Exterior

Roof: Rubber Exterior Finish: Brick 

Photos

Listing by Coldwell Banker Security Real Estate
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