Hurricane Bowl & Pioneer Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30779649
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Other
Building Size (RSF): 23,300 SF
Gross Land Area: 1.97 - 2 Acres
Sale Price: $1,129,000
Unit Price: $48.45 PSF
Property Use Type: Vacant/Owner-User
Building Name: Hurricane Bowl & Pioneer Restaurant
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 1/21/2022

Overview / Comments

Hurricane Bowl & the Pioneer Restaurant both longtime Marion favorites are now available For Sale. The Owner's are in mode to sell the entire property totaling nearly 2 acres. With the great frontline footage and the signalized corner this property will become a major attraction once again. The property is also in the Virginia and Town of Marion Enterprise Zone, as well as may qualify for other Economic Development Incentives based upon use and employment numbers. The current price is set for both properties, and the properties will likely not be segregated. Come and be a part of an expanding retail area near I-81, Exit 47, the hospital and Emory & Henry University.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Smyth
Submarket Type: Redevelopment District
Taxing Authority: Town of Marion
Tax ID/APN: 153-29-13
Zoning: GC- GENERAL COMMERCIAL
Retail Clientele: General, Business, Recreation, Other
Property Located Between: Downtown Marion and Interstate I-81
Property Visibility: Excellent
Largest Nearby Street: On Main Street
Highway Access: Property has access to Main Street as well as Highland Drive, Johnston Road, and the side street along the west boundary.
Airports: TRI - Tri Cities Regional Airport; Highlands Community Airport
Site Description: Nearly table top level lot with +/- 2 acres on a signalized corner near the Hospital, Wal-Mart and Emory & Henry University
Area Description: Commercial Retail area, east leading I-81 at Exit 47, and west to downtown Marion.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Fair
Year Built: 1953
Year Renovated: 2010
Roof Type: Gable
Construction/Siding: Block, Brick, Metal Siding
Exterior Description: Buildings vary in exterior from some wood to brick and steel.
Total Parking Spaces: 150
Parking Type: Structure
Parking Description: Parking lot is not lined
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central, Wall Units, Heat Pump
Internet Access: Cable, DSL, Fiber Optic
Interior Description: Buildings are in need of renovation but are dry for the most part. Likely, the highest and best use of the land will be to raze the structures.
Zoning Description: B-3; General Commercial Retail use
Lot Frontage: 240'
Lot Depth: 370'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Upon Request

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,983 11,591
Median Age: 42.6 42.34
Households: 2,474 4,837

Contact

Photograph of Listing Agent

Richard S. Armstrong, III

TCI Group - Lowry & Foster, Inc. NETAR CMLS Member
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