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: |
6/27/2020 |
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 |
| 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 |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
9,765 |
19,102 |
| Median Age: |
45.71 |
44.09 |
| Households: |
4,541 |
8,333 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Northeast Tennessee Association of REALTORS® nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
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