Abingdon Cummings Street Commercial Property - VIDEO TOUR

Retail-Commercial for Sale
Catylist Listing ID: 29715471
Property Subtypes: Restaurant
Building Size (RSF): 6,760 SF
Gross Building Area: See Agent
Gross Land Area: 1.30 Acres
Sale Price: $850,000
Unit Price: $125.74 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/5/2021

Overview / Comments

LOCATION! GREAT REDEVELOPMENT POTENTIAL! Situated adjacent to new The Meadows retail center and proposed Abingdon Sports Complex. Property currently has 6,760 sq ft restaurant facility on 1.3 acres. Contains modern furnishings in a large dining area with appealing bar. Building roof is 4 year old standing seam roof. Portions of the parking lot repaved and striped in 2011. Also ideal as 1+ acre redevelopment site! Situated near at I-81, Exit 17 interchange, Cummings Street is main commuter route from I-81 into historic downtown Abingdon with Barter Theatre, Martha Washington Inn and The Tavern restaurant. Great growth area with New Food City, Eastman Credit Union, and Holiday Inn Express adjoining property! Call agent to discuss this excellent opportunity!

Additional Details

Nearest MSA: Kingsport-Bristol
County: Washington
Tax ID/APN: 30793

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 990 13,750 17,154
Median Age: 37.22 44.64 44.26
Households: 499 5,962 7,460

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