Scott Property

Retail-Commercial for Sale
Catylist Listing ID: 30737437
Property Subtypes: Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Vehicle Related, Other
Building Size (RSF): 5,400 SF
Gross Land Area: 1.25 Acres
Sale Price: $299,000
Unit Price: $55.37 PSF
Property Use Type: Vacant/Owner-User
Building Name: Ray Scott Building
Usable Size (USF): 54,450 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/7/2021

Overview / Comments

Excellent Business Opportunity! Being less than a mile from Exit 22, Interstate I-81 and only 2 miles to Johnston Memorial Hospital this building has great proximity. The metal building is being Sold; "As Is, Where As", the roof is in good shape, and the structure is not only sound but has good structural "bones" and is dry. With the opportunity for multiple offices a break area, and office space to be completed it currently maintains a 3,000 sq ft unfinished (heated) area with several points of access. The front of the property has over 200' of road frontage. The main area in front of the building was at once a car lot and still maintains a fair amount of gravel for parking and/or showing vehicles. The offices are in need of renovating, but are well spaced and convenient.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Washington
Taxing Authority: Washington County, VA
Tax ID/APN: 31816
Zoning: B-2
Retail Clientele: Family, Business, Recreation, Other
Property Located Between: Exit 22 and Exit 24 I-81
Property Visibility: Excellent
Largest Nearby Street: Enterprise Road
Highway Access: Property fronts and has access to Lee Highway
Airports: Tri Cities Regional Airport, Highlands Community Airport
Site Description: Level, unimpeded view of nearly the entire property from Lee Highway.
Area Description: Zoned Commercially, the property is only a few hundred yards to the intersection of Enterprise Road and Lee Highway.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,400 SF
Property Condition: Fair
Year Built: 1986
Roof Type: Gable
Construction/Siding: Metal Siding
Exterior Description: Metal siding over wood post and beam construction.
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity, Propane
Heat Source: Wall Units, Heat Pump
Air Conditioning: Package Unit
Interior Description: Office Space is in need of renovation: painting, flooring and ceilings. Property is Sold in "As Is, Where As" condition.
Zoning Description: B-2; General Business
Lot Frontage: 200'
Lot Depth: 330'
Water Service: Municipal
Sewer Type: Septic
Easements: Utilities
Easements Description: Utility easements along Lee Highway for Power, water and connectivity.
Land Ownership: Fee Simple
Legal Description: Provided upon request.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,126 7,307 14,031
Median Age: 43.88 42.39 40.63
Households: 455 2,877 5,597

Contact

Photograph of Listing Agent

Richard S. Armstrong, III

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