16120 Porterfield Highway

Retail-Commercial for Sale
Catylist Listing ID: 30365448
Property Subtypes: Mixed Use
Building Size (RSF): 92,716 SF
Gross Building Area: See Agent
Gross Land Area: 11.59 SF
Sale Price: $5,000,000
Unit Price: $53.93 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/8/2019

Overview / Comments

THIS PROPERTY OFFERING INCLUDES 11.59 ACRES, 3 BUILDINGS WITH 92,716 SQ/FT OF LEASABLE SPACE, AND ONGOING FLEA MARKET-WHOLESALE MERCHANDISE-AUCTION BUSINESS. NO INVENTORY IS INCLUDED. ALL BUILDINGS ARE EQUIPPED WITH HEAT & AC TO PROVIDE 4 SEASON SHOPPING COMFORT INDOORS. ALL BUILDINGS ARE IN AVERAGE OR ABOVE AVERAGE CONDITION. BUILDING 1 - WHOLESALE - WAS BUILT IN 2003 WITH 24,966 SQ/FT - BUILDING 2 - FLEA MARKET - WAS BUILT IN 2006 - WITH 66,825 SQ/FT - BUILDING 3 - GOLD/SILVER SHOP - WAS BUILT IN 1988 WITH 925 SQ/FT. RECENT MARKET APPRAISAL ON FILE. ZONED B-2 FOR BUSINESS GENERAL. 264 SOLAR PANELS
HAVE BEEN INSTALLED. IT IS A TOTAL SELF-SUFFICIENT ENERGY GRID, WITH 157 LED FIXTURES INSTALLED.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Washington
Taxing Authority: Town of Abingdon; Washington County
Tax ID/APN: 104 A 19A; 104 A 19B; 104 A 20A
Zoning: B-2
Retail Clientele: Business
Property Visibility: Excellent
Airports: Tri-Cities Regional; Virginia Highlands Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Good
Year Built: 2005
Construction/Siding: Aluminum Siding
Parking Type: Surface
Sprinklers: None
Heat Type: Solar
Air Conditioning: Package Unit
Zoning Description: B-2
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,765 19,102
Median Age: 45.71 44.09
Households: 4,541 8,333

Contact

Photograph of Listing Agent

Fred McClellan

Callebs Realty NETAR CMLS Member
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