Mixed Use / Lifestyles Center - Drastically Reduced !

Retail-Commercial for Sale
Catylist Listing ID: 29618460
Property Subtypes: Mixed Use
Building Size (RSF): 35,000 SF
Gross Land Area: 1.20 Acres
Sale Price: $1,250,000
Unit Price: $35.71 PSF
Property Use Type: Investment
Building Name: Giant Plaza
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2017

Overview / Comments

This Mixed Use / Lifestyles Center has been drastically reduced in price for a quick sale. The property covers 1.2 acres and has excellent cash flow. Contact broker for property operating data.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan
Zoning: COMMERCIAL
Market Type: Medium
Retail Clientele: General, Family, Business
Property Located Between: TN State Hwy 19 & 11E
Side of Street: South
Road Type: Paved, Highway
Property Visibility: Excellent
Largest Nearby Street: Hwy 11/19 - Volunteer Parkway
Feet of Frontage: 200
Traffic/Vehicle Count: 25,000
Transportation: Bus, Shuttle, Highway, Taxi
Highway Access: Interstate 81 - 3 miles; Hwy 421 - 1 mile
Site Description: Best site in Bristol, just minutes from downtown or the interstate. Site is right on the four lane, Volunteer Parkway just five miles from Bristol Motor Speedway.
Area Description: Bristol combines the beauty of revered southern traditions with the fresh vigor of a growing community. The local economy enjoys a well-balanced industrial, agricultural and manufacturing base. Bristol's industrial base includes batteries, electronics, pharmaceuticals, mining machinery, aluminum products, compressors, apparel, textiles, copper wire, vacuum cleaner and food products. Bristol is constantly seeking potential new industries for the host of well-equipped industrial sites. The Bristol Area has a labor force of 80,000 and an unemployment rate of only 4.4 percent. Major employers in the area are the school systems, Bristol Regional Medical Center, Bristol Compressors, Sprint United Telephone-Southeast, Exide Corporation, Reynolds Metal Company, The United Company, King Pharmaceuticals, Aerus Electrolux, GlaxoSmithKline Pharmaceuticals, Marley Mouldings and CAMAC. One of the greatest facilitators to Bristol's economic growth through the years has been its accessibility and well-organized transportation connections. Located within a day's drive of more than 70 percent of the U.S. population, the Twin City is served by more than 50 motor freight carriers and two railroads. Outstanding air service is available through the Tri-Cities Regional Airport,TN/VA, which offers jet and air carrier service. The facility offers service to more than 100 cities. Information Sources: http://www.bristoltn.org/aboutthecity.cfm http://www.bristolchamber.org/ http://www.visitbristoltnva.org/
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 30,000 SF
Property Condition: Average
Year Built: 1981
Year Renovated: 2011
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable, DSL
Zoning Description: Commercial
Lot Frontage: 600
Easements: Utilities
Land Ownership: Master Ground Lease
Legal Description: Suliivan County , TN Parcel # 037D F 001.00

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,272 35,348 54,093
Median Age: 44.59 40.66 42.21
Households: 2,770 15,246 23,327

Contact

Photograph of Listing Agent

Gregory S Little, MBA

Covenant Commercial Group NETAR CMLS Member
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