2618 & 2620 Volunteer Parkway

Retail-Commercial for Sale
Catylist Listing ID: 30460584
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 6,186 SF
Gross Building Area: See Agent
Gross Land Area: 2.62 Acres
Sale Price: $395,000
Unit Price: $63.85 PSF
Ceiling: 8 ft.
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 8/19/2019

Overview / Comments

INVESTMENT OPPORTUNITY WITH AGGRESSIVE PRICING...THIS PROPERTY OFFERING INCLUDES TWO PARCELS LOCATED AT 2618 & 2620 VOLUNTEER PARKWAY. IT IS A REO, BANK OWNED PROPERTY. IT INCLUDES 2.62 ACRES, WITH TWO STRUCTURES TOTALLING 6,186 SQ/FT. THERE IS +/- 304 FEET OF ROAD FRONTAGE TO VOLUNTEER PARKWAY, WITH CROSSOVER ACCESS. IT IS ZONED B-3 COMMERCIAL USE. LIST PRICE IS $92,900 BELOW THE ASSESSED VALUE OF $487,900. THE PREVIOUS USE WAS OPERATED AS A MOTEL. LOCATION HAS POTENTIAL FOR MIXED USE OR ALTERNATE USE. AVERAGE DAILY TRAFFIC COUNTS ARE 18,922, PER 2017 INFORMATION.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Taxing Authority: City of Bristol, TN; Sullivan County
Tax ID/APN: 067C C 001.00; 067C C 002.00
Zoning: B-3
Retail Clientele: General, Business, Recreation
Feet of Frontage: 304
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Poor
Year Built: 1950
Roof Type: Gable
Construction/Siding: Stone, Stucco
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Air Conditioning: Window Unit, Other
Zoning Description: B-3
In Flood Plain?: Yes
Lot Frontage: 304
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: ROAD EASEMENT
Land Ownership: REO BANK OWNED
Legal Description: PER DEED

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 16,523 44,939
Median Age: 43.59 42.85
Households: 6,800 18,847

Contact

Photograph of Listing Agent

Fred McClellan

Callebs Realty NETAR CMLS Member
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