17,100 SqFt West State VFW Facility

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30642709
Property Subtypes: Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Status: Pending
Building Size (RSF): 17,100 SF
Gross Land Area: 1.52 Acres
Sale Price: $315,000
Unit Price: $18.42 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Usable Size (USF): 17,100 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/17/2020

Overview / Comments

Located near Downtown Bristol, TN with 17,100 square feet on 0.52 acres with it's own parking lot plus a bonus 0.18 acre paved and striped parking lot, all in a prime location. Priced well below recent appraisal. Located on a heavily trafficked section of West State Street, between downtown and the proposed casino. Within one mile of the Birthplace of Country Music Museum, The Bristol Hotel and multiple breweries and about one mile to the proposed casino. Not only does it have it's own parking lot and the bonus parking lot, it also has plenty of on street parking all around. Easy walking distance to plenty of shopping, restaurants and all downtown has to offer. This building could be used by the owner for their own business (entertainment, restaurant, bar, venue, offices, retail, studio, etc.) or could be easily leased to one or two tenants.

2 Bars. The back bar could be leased out to a bar/restaurant separate from the rest of the facility with approximately 5300 sqft. Fully equipped kitchen, walk in cooler behind the bar, additional coolers by kitchen. The front area with the stage and entrance off of State St is 9200 sqft with aproximately 6600 sqft of open area with a stage and bar, with the remaining being entrance areas, restrooms and concession areas and storage. Over 600 capacity for the entire building. Terrazzo floors in most of the building's main level. Plenty of restrooms. 2600 Sq Ft of office upstairs, or open it up for a more uses. Call or text to find our more information or to have a look at this space with loads of possibility.

****Please note: property is being sold with buyer paying real estate commission. There is a 6% real estate commission that will be paid by the buyer of this property, in addition to the sales price.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 082 020C D 00200 000 2019
Zoning: B-2E
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino, Other
Property Located Between: Volunteer Parkway and Gate City Hwy
Largest Nearby Street: West State Street
Feet of Frontage: 50
Site Description: 50 Ft of frontage on West State St and 125 ft of frontage on 16th St. Irregular shaped lot with it's own paved parking lot, paved and striped. Plus the additional parking lot of 0.18 Acres on 16th Street with 20 parking spaces, paved and striped.
Area Description: West State Street is a heavily traveled route going from downtown Bristol (0.5miles away) to the Pinnacle and to the proposed casino, only a short distance away. Within one mile of the Birthplace of Country Music Museum, The Bristol Hotel and multiple breweries and about one mile to the proposed casino.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 14,500 SF
Property Condition: Good
Year Built: 1958
Roof Type: Gable
Construction/Siding: Block
Exterior Description: Concrete Block and Steel
Parking Type: Surface
Parking Description: 10 spaces on building lot with 20 additional spaces in extra parking lot.
Heat Type: Electricity, Natural Gas
Heat Source: Baseboard, Central
Air Conditioning: Package Unit
Internet Access: Cable, Gigabit, Fiber Optic
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,756 32,221 57,200
Median Age: 43.27 40.43 42.22
Households: 2,695 13,945 24,600

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