222 E Main Street, Johnson City, TN 37604
lease
$2,100,000
|
Other
Courtesy Of The Elite Team Agency
An exceptional opportunity to own a prominent income-producing property in the heart of downtown Johnson City. Located at 222 East Main Street, this approximately 20,600-square-foot building combines an established tenant, a long-term lease and an attractive 8% capitalization rate in one of the region's most vibrant downtown districts. The property is home to Sentimental Journey Antiques & Merchant Mall, a successful destination featuring three floors of antiques, collectibles, home furnishings and merchandise from vendors throughout the region. Its expansive storefront offers excellent visibility along East Main Street, while the welcoming interior features an open central staircase, a second-floor balcony overlooking the main level and decorative ceilings that add to the building's character. A rear entrance provides convenient access to the public parking area behind the property. For an investor seeking a relatively hands-off ownership opportunity, the lease places responsibility for the roof, structure and HVAC with the landlord, while the tenant is responsible for the remaining property obligations and utility expenses. The roof and HVAC systems are in good condition, adding to the appeal of this investment. The tenant is operating under a long-term lease and has expressed an interest in remaining at this location for many years. The setting is an important part of this investment. Downtown Johnson City functions as a walkable, mixed-use district where locally owned restaurants, shops, offices, apartments and short-term rentals are connected by welcoming streets and public spaces. The city has made substantial investments in downtown parks, streets and infrastructure, including Founders Park and King Commons, helping create a place where people want to live, work, shop and gather. Additional plans for growth and improvements reflect a continued commitment to downtown's future. Just around the corner, the historic John Sevier Center is being considered for redevelopment as a hotel. The proposed project represents another potential addition to downtown's mix of destinations and amenities. Johnson City serves as a regional center for healthcare, education and employment. Ballad Health, East Tennessee State University and the James H. Quillen VA Medical Center are significant economic anchors, complemented by ETSU's Quillen College of Medicine and Bill Gatton College of Pharmacy. Together with the region's Appalachian Mountain setting, outdoor recreation and four distinct seasons, these institutions contribute to Johnson City's appeal to residents, businesses and visitors. With its downtown location, established tenant, recent capital improvements and 8% cap rate, 222 East Main Street offers investors the opportunity to acquire a distinctive commercial property in a market that continues to invest in its future.
Read More About This Property
Read Less About This Property
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Cooling System: Central Air
- Exterior Type: Brick
- MLSID: 10002607
- Roof Type: Asphalt
Data powered by Attom Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
You may also be interested in...
sale
$5,000,000
Other
1950 S Roan Street
Johnson City, TN 37601
Building: 54,295 sq. ft.
|
Land: 4.3 Acres
Courtesy Of THE BROKERS REALTY & AUCTION, INC.
sale
$2,800,000
Other
Heart Drive
Johnson City, TN 37604
Land: 7.6 Acres
Courtesy Of THE BROKERS REALTY & AUCTION, INC.
sale
$2,000,000
Commercial-Other
3545 West Market Street
Johnson City, TN 37604
Building: 13,030 sq. ft.
Listed By CENTURY 21 Legacy
sale
$1,950,000
Other
1121 N Roan Street
Johnson City, TN 37601
Building: 39,248 sq. ft.
|
Land: 2 Acres
Courtesy Of Summit Properties