Landmark Centre Portfolio Sale - VIDEO TOUR

Retail-Commercial for Sale
Also listed as Office, Vacant Land
Catylist Listing ID: 30642389
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Other
Building Size (RSF): 6,632 SF
Gross Building Area: See Agent
Gross Land Area: 5.50 Acres
Sale Price: $1,322,800
Unit Price: $199.46 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/27/2021

Overview / Comments

The TCI Group-Jerry Petzoldt Agency, LLC is pleased to offer THE LANDMARK CENTRE for sale. LANDMARK CENTRE is a very desirable business complex located one block off Volunteer Parkway in Bristol, Tennessee. Excellent owner-occupied or owner-developer potential!

THE LANDMARK CENTRE consists of a stately two-story office building on one acre plus five individual vacant lots. Total acreage in portfolio sale is approximately 5.5 acres. Custom built by the owner, the office building consists of approximately 6,632 square feet allowing for the potential for three separate lease suites. The five vacant lots range from 0.45 to 1.19 acres. Lot 1, a corner parcel, is bounded by the Volunteer Parkway, Shelby Lane and Landmark Lane. Lot 7, also a corner, is bounded by Shelby Lane, Landmark Lane and Beaver Creek. The other lots front Landmark Lane. See attached plat for details. See attached video for office building tour. Recently re-paved, Landmark Lane is a dedicated City street. Also at this location is an office building privately owned and occupied by Jones, King, Downs, and Peel attorney group.

Portfolio Sale Includes:

Office Building - 6,632 sq ft - 1.04 Acres
Lot 1 - .59 Acres
Lot 3 - .45 Acres
Lot 5 - 1.19 Acres
Lot 6 - 1.13 Acres
Lot 7 - 1.13 Acres

THE LANDMARK CENTRE is zoned B-3 with all infrastructure in place, making this an excellent opportunity for continued development with professional offices, retail business, or other commercial venture. Situated in a very busy area of Bristol with First Bank & Trust, Lowe's and Southgate Crossing Shopping Center in immediate vicinity. Office building and lots also listed for sale individually, see separate listings or contact agent to discuss this unique commercial property opportunity!

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 037C B 041.30; 037C B 042.00; 037C B 041.40; 037C B 041.20;037C B 041.10; 037C B 041.00
Zoning: B-3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,646 34,283 55,053
Median Age: 40.6 41.28 42.28
Households: 1,184 14,685 23,722


Photograph of Listing Agent

R. Lynn Shipley, Jr.

TCI Group - Jerry Petzoldt Agency NETAR CMLS Member
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