Catylist ID: #30709594
Stettner Power Sports Mixed Use Property and Business
Retail-Commercial for SaleAlso listed as Business Opportunity
|Catylist Listing ID:||30709594|
|Property Subtypes:||Free-Standing Building, Mixed Use, Street Retail, Other|
|Building Size (RSF):||18,000 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||2.60 Acres|
|Unit Price:||$66.31 PSF|
|Property Use Type:||Vacant/Owner-User, Business|
|Sale Terms:||Cash to Seller|
Overview / Comments
Ideal Live + Work Property! Must see to appreciate! This 18,000 sf building on 2.6 acres combines a desirable mix of retail and residential in one! Built in 1970, this 2 story brick and wood structure was completely remodeled inside in 2017-2018 with a new metal roof added 2 years ago. This sale includes the entire property plus the business, not including equipment inventory or parts inventory. Owner will train a new owner for an agreed upon period of time. CAP Rate of 7.5%, contact agent for access to OM and due diligence.
The first floor is 9,000 sq ft home of Stettner Power Sports, provider of sales and service of outdoor recreation vehicles. Open showroom area is 7,000 sq ft with 2,000 sq ft Parts and Service area along with a large drive-in door and a loading dock. The showroom, parts department and customer waiting area is an open floor plan with 12-foot ceilings. There is also a large office with open counter to serve customers.
The second floor is at ground level at the rear of the building providing easy private access to the 3,000 sq ft residential condo with remaining space as large open storage area.
Condo is a 50 x 60 newly constructed four-bedroom, 3 full bath condo. This living area is a beautifully designed open floor plan with a large kitchen and living room area. There is a large laundry room, pantry and dining room, a large master bedroom with master bath and 3 additional bedrooms with private baths.
Also on property is a 40 x 60 metal warehouse with 14-foot clear height ceiling and a 10 x 60 covered lean-to attached to the rear providing a total of 3,000 sq ft of warehouse and storage space.
Stettner Power Sports website is at www.stettnerpowersports.com and is successfully and profitably operated by an Army veteran owner husband-and-wife team. The business provides sales and service of outdoor recreation vehicles including motor cycles, dirt bikes, UTV’S, Go Carts, ATV’S, Scooters and is also the largest dealer of Commercial and Residential Bad Boy Zero Turn Mowers in Northeast Tennessee with a large protected franchise area generally covering Kingsport, Bristol, west of Elizabethton, and West of Johnson City. Stettner Power Sports is also one of the largest Amsoil dealers in Northeast Tennessee. Due to years in business, Stettner Power Sports has built solid relationships with many of the brands in the industry including Tao Tao, Tao Motor, Apollo, DF Moto, Kandi, and Coolster, allowing them to be among the few in the area able to provide both parts and service.
The property is situated between the Church Hill Fire Station and a local motel in established business and industrial area with immediate access to Hwy 11W, a main commuter route between Kingsport and Church Hill to Rogersville and Morristown.
|Tax ID/APN:||037042 12100|
|Proximity:||1 mile||3 miles||5 miles|
Glenn A. PerkinsTCI Group - Jerry Petzoldt Agency NETAR CMLS Member
|© Copyright 2001-2020 Catylist. All Rights Reserved. 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.|