524 East Elk Avenue Elizabethton, TN $ 2,200,000
524 East Elk Avenue
$ 2,200,000
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524 East Elk Avenue

Elizabethton, TN, 37643
$ 2,200,000
Baths0.0 Sq 15,700
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Studio

Property for Rent in Elizabethton, TN

for $2,200,000. This 15,700 square foot property was built in 1925 on a lot size of 0.36.

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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Rental Active

Price

$ 2,200,000

Bedrooms

Studio

Taxes

$ 5,100

Style

Lot Size

0.36

Year Built

1925

Town/City

Elizabethton

County/Region

Carter

MLS | Web ID

9959078

Features
General
Sewer Public Sewer
Heating Heat Pump
Cooling Central Air Heat Pump
Roof Rubber
Development Status Finished Lot(s)
Zoning B1
Construction Materials Brick
Year Built 1925
Electric 220 Volts
Business Type Barber/Beauty Office/Showroom Professional/Office Retail
County Carter
New Construction N
Property Type Commercial Lease
Garage Y/N N
Status Active
Directions Properties in the 500 and 600 block of Elk Avenue on either side of the street. Make it to the river and you just passed them!
City Elizabethton
View Y/N N
MLS Area 317 - City of Elizabethton
Lot Size Square Feet 15681.6
Carport Y/N N
Street Name Elk
Land Lease Y/N N
Current Financing Conventional
Property Condition Above Average
Lease Renewal Y/N N
MLS Area Minor 317 - City of Elizabethton
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 168
Standard Status Active
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Exterior
Water Source Public
Total Parking 0.0
Lot Size Area 0.36
Spa N
Building Area Total 15700.0
Lot Dimensions 50x75
Lot Size Acres 0.36
Lot Size Units Acres
Road Frontage Type City Street
Other Equipment Cable TV Display Window Fire Sprinkler System Handicap Access
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 524
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* Excluded Features
List By
Jason Johnston

Listing Agent

Coldwell Banker Security Real Estate

Broker

jasonnjohnston1@gmail.com

Email

Nearby
857276 Elementary School
857482 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/12/2023$2,200,000 -12.00% Price Down
12/7/2023$2,500,000 -10.71% Price Down
11/8/2023$2,800,000 Listed Price

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524 East Elk Avenue, Elizabethton, TN, 37643 is a Property for Rent at $2,200,000 with 15,700 sqft and a lot size of 0.36. 524 East Elk Avenue is a studio with 0.0 baths and was built in 1925. The property's zip code is 37643 which is in Elizabethton, TN