NuLife Glass Facility "Bring All Offers Above Listing Price"

Industrial for Sale
Catylist Listing ID: 30193169
Property Subtypes: Cold Storage, Flex Space, Free-Standing, Manufacturing, Mixed Use, Light Industrial, Net Leased, Research & Development, Self Storage, Truck Terminal, Warehouse/Distribution, Other
Building Size (RSF): 88,000 SF
Gross Building Area: 90,000 SF
Gross Land Area: 12 - 13 Acres
Sale Price: $7,000,000
Unit Price: $79.55 PSF
Ceiling: 30 ft.
Docks/Doors: 8 Docks, 10 Doors
Office SF: 7,000 SF
Drive In Bays: 2 Bays
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: former Crowley Building
Usable Size (USF): 88,000 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 7/28/2022

Overview / Comments

The Owner says to "Bring all Offers Above the Listing Price"! Located directly across from the new home of THE HARD ROCK HOTEL & CASINO, The former FarmBest production facility known as the Crowley Building has been utilized for storage and is now well positioned for re-development. This facility with its proximity to Interstate I-81, provides a great opportunity to work in conjunction with the Hard Rock in providing nearly 13 acres for redevelopment for Retail, Commercial and multi-family uses. The property is well served by both large amounts of water/sewer and electric utilities. Call for more information and a confidential tour.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Bristol
Taxing Authority: City of Bristol, Virginia
Tax ID/APN: 23-1-11,12,13
Zoning: M-1
Property Located Between: Interstate 81 at Exit 1, and the former Bristol Mall
Highway Access: Interstate 81 is within 1 mile of the facility, Gate City Hwy State Route 58/23 runs directly in front of the facility.
Airports: TRI - Tri Cities Regional Airport; Highlands Community Airport
Site Description: Located across the Gate City Hwy from the HARD ROCK HOTEL & CASINO. This +12 acre property is nearly level and has excellent road frontage and is entirely security fenced.
Area Description: Bristol combines the beauty of revered southern traditions with the fresh vigor of a growing and expanding community. The local economy enjoys a well-balanced industrial, agricultural and manufacturing base. Bristol's industrial base includes electronics, pharmaceuticals, mining machinery, aluminum products, compressors, apparel, textiles, copper wire, vacuum cleaner and food products. Bristol is constantly seeking potential new industries for the host of well-equipped industrial sites. Along with a revitalized and growing downtown, Bristol host two new Hotels in the Downtown area. The Bristol area has a labor force of 92,000 and an unemployment rate of only 4.4 percent. Major employers in the area are the school systems, Wellmont/Bristol Regional Medical Center, Bristol Compressors, Sprint/Embarq/United Telephone-Southeast, The United Company, King Pharmaceuticals, Strongwell, Aerus Electrolux, UPM Pharmaceuticals, Marley Mouldings and CAMAC. One of the greatest facilitators to Bristol's economic growth through the years has been its accessibility and well-organized transportation connections. Located within a day's drive of more than 75 percent of the U.S. population, the Twin City Region is served by more than 35 motor freight carriers and two railroads. Outstanding air service is available through the Tri-Cities Regional Airport TN/VA, which offers jet and air carrier service. The facility offers service to more than 100 cities, and Highlands Community Airport provides private and public air carrier services.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Fair
Year Built: 1962
Roof Type: Flat
Construction/Siding: Block, Brick, Metal Siding, Panelized, Steel Frame
Exterior Description: Much of the facility is brick and block, however some of the newer distribution/storage center is a Steel Shell building
Parking Type: Structure
Parking Description: The property only has one lined parking area near the front of the facility. The property has multiple areas where parking is available but unlined. Area such as this is for Tractor Trailer parking w/pad at the rear of the facility which can be accessed by a separate entrance/exit.
Column Spacing: Various
Overhead Cranes: Undisclosed
Sprinklers: None
Volts: 13,200
X-Phase: 3 Phase
Heat Type: Electricity, Natural Gas, Other
Heat Source: Wall Units, Ceiling Units, Heat Pump
Air Conditioning: Engineered System, Package Unit
Lighting: Fluorescent, Metal Halide, Other
Internet Access: Cable, DSL, Satellite, Gigabit
Interior Description: The majority of the facility is utilized for storage.
Zoning Description: M-1
Lot Frontage: 550'
Lot Depth: 1,200
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Easements Description: Typical Easements for water/sewer and other public utilities.
Land Ownership: Fee Simple
Legal Description: Upon Request

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,164 27,449 58,217
Median Age: 41.68 41.29 42.06
Households: 2,797 12,020 24,804

Contact

Photograph of Listing Agent

Richard S. Armstrong, III

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