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2320 Knob Creek Rd
Johnson City, TN 37604

$606,375 - $1,313,544 USD

Medical Condos For Sale  •  3,850+ SF

Property Details

  • Property Type Medical
  • Total Building Size 9,217 SF
  • Lot Size 1.01 AC
  • Building Class B
  • Year Built 2016
  • Tenancy Multiple
  • Zoning MS-1
0 Transit Score
31 Walk Score

2 Units Available

Name Condo Use Size Price Details
Grnd Floor - Unit 404-406 Medical Office 5,367 SF $1,313,544 USD
  • Unit Size: 5,367 SF
  • Condo Use: Medical Office
  • Price: $1,313,544 USD
  • Sale Type: Investment
  • Price/SF: $244.74 USD
Sale Notes
This investment opportunity includes Suites 404 & 406 in a single-story multi-tenant office condo building in North Johnson City, TN. Leases are in-place for DaVita Dialysis & Low T Center. The cap rate is 8.5%.

Part of Waterbrooke Professional Park Condominiums, the building has great visibility on Knob Creek Road and is located across the street from Med Tech Regional Business Park, part of the City’s medical and professional corridor. An advantage to its location just outside the park is proximity to Franklin Woods Community Hospital, East Tennessee Ambulatory Surgery Center and others, while not being subject to the restrictions of the park. The area between the Subject Property and Johnson City Medical Center is known as the “Med Tech Corridor”. 

The property is also very close to a vibrant retail and restaurant environment, which includes well-known brands such as Chick-fil-a, Panera, I-Hop, Best Buy, Home Depot, Carrabba’s, Lowe’s, Kohl’s, Planet Fitness, Academy Sports, Buffalo Wild Wings and many more.
Grnd Floor - Unit 400 Medical Office 3,850 SF $606,375 USD
  • Unit Size: 3,850 SF
  • Condo Use: Medical Office
  • Price: $606,375 USD
  • Sale Type: Owner User
  • Price/SF: $157.50 USD
Description
Shell space condition

Sale Notes
Space is in shell condition. Other occupants of Waterbrooke Professional Park are DaVita Dialysis, Low T Center, Johnson City Urological Clinic, PC, Colon and Rectal Surgery Consultants, Tri-Cities Pediatric Cardiology, Results Physiotherapy, TrueLight Eye Care, Ear Nose & Throat Associates, Watauga Hearing, Path Lab Group, Reeves Eye Institute and Knob Creek Oral Clinic.

Description 

Shell space is available for sale on Knob Creek Road in North Johnson City. Part of Waterbrooke Professional Park Condominiums, the building has great visibility on Knob Creek Road and is located across the street from Med Tech Regional Business Park, part of the City’s medical and professional corridor. An advantage to its location just outside the park is proximity to Franklin Woods Community Hospital, East Tennessee Ambulatory Surgery Center and others, while not being subject to the restrictions of the park. The area between the Subject Property and Johnson City Medical Center is known as the “Med Tech Corridor”. 

The property is also very close to a vibrant retail and restaurant environment, which includes well-known brands such as Chick-fil-a, Panera, I-Hop, Best Buy, Home Depot, Carrabba’s, Lowe’s, Kohl’s, Planet Fitness, Academy Sports, Buffalo Wild Wings and many more.

Highlights

Conveniently located near Med Tech Park
Minutes from I-26
Proximal to vibrant retail corridor on Peoples Street

Property Flyers

Amenities

  • Signage

Public Transportation

AirportDriveWalkDistance
Tri-Cities 20 min - 13.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
John Speropulos 423-282-6582 Mitch Cox Realtor, Inc.
John Speropulos 423-282-6582 Mitch Cox Realtor, Inc.