18898 US Highway 58

Retail-Commercial for Sale
Catylist Listing ID: 30786736
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Restaurant, Street Retail
Building Size (RSF): 3,764 SF
Gross Building Area: See Agent
Sale Price: $299,900
Unit Price: $79.68 PSF
Ceiling: 10 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/4/2022

Overview / Comments

Stop and Shop...burgeoning business location ready to be re-established and suitable for many alternate uses. Direct access to US Alt 58 E and a turn median/cross-over from US Alt 58W make this property easily accessible from both directions of the highway. Combination of steel frame and joined structures combined for ample retail and supporting storage space. The facility offers a breakroom or office area. The property has paved parking and room for further development.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Russell
Taxing Authority: Russell County
Tax ID/APN: 10182
Zoning: NONE
Retail Clientele: General, Business, Traveler, Tourist, Recreation
Largest Nearby Street: US Alternate 58
Traffic/Vehicle Count: 9,700
Highway Access: Direct access to US Alt 58 East (4-laned highway)
Airports: Public airports in Wise and Abingdon, Virginia
Site Description: Approximately 0.7 acre lot with direct access to US Alt 58E. Paved lot with grassy area with potential additional parking development.
Area Description: Rural area with agriculture, limestone quarrying, energy industries, and outdoor recreational activities (ATV trails nearby and Clinch River State Park).
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,764 SF
Property Condition: Fair
Year Built: 1965
Construction/Siding: Wood Frame
Exterior Description: Adaptive business use and repurpose.
Total Parking Spaces: 20
Parking Ratio: 5.3 (per 1000 SF)
Parking Type: Surface
Parking Description: Paved
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Other
Internet Access: Cable
Interior Description: Formerly used as a convenience store
Zoning Description: None
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Land Ownership: fee simple
Legal Description: Tax Map 156 L ILE 3336 Deed Book 346 Page 461

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,678 7,460
Median Age: 43.16 43.79
Households: 686 3,132

Contact

Photograph of Listing Agent

Fred McClellan

Callebs Realty NETAR CMLS Member
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