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