109 Raytheon Road

Special Purpose for Sale
Catylist Listing ID: 30364921
Property Subtypes: Sports/Entertainment
Building Size (RSF): 42,335 SF
Gross Land Area: 5.64 - 9.37 Acres
Sale Price: $1,400,000
Property Use Type: Investment, Business
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 6/11/2019

Overview / Comments

THIS DEDICATED TENNIS, RAQUETBALL, AND FITNESS FACILITY PROPERTY INCLUDES A 41,375 SQ/FT. BUILDING, 6 OUTDOOR COURTS AND CLUB HOUSE, BATTING CAGES, AND ADDITIONAL ACREAGE. TOTAL ACREAGE INCLUDES 9.37 AC: TRACT 1 – BUILDING WITH INDOOR COURTS – 1.50 AC, TRACT 2 – BATTING CAGE LOT – 2.23 AC, TRACT 3 – 6 OUTDOOR COURTS – 5.64 AC. RECENT UPDATES TO HVAC, LIGHTING, AND ROOF REPLACEMENT COMPLETED BETWEEN 2012 & 2014. 2 - 8 TON HEAT PUMP UNITS WERE REPLACED AND ADDED TO THE 4, 2-3 TON UNITS. NEW LED LIGHTING WAS UPDATED FOR THE INDOOR COURTS. A NEW LAYER OF FIBER-TITE FTR 8530 MEMBRANE WAS HOT-AIR-WELDED TO THE EXISTING 8530 MEMBRANE FOR THE ENTIRE 41,100 SQ.FT. FITNESS CLUB WAS BUILT IN 1975, INCLUDING 18,000 SQ.FT. DEDICATED TO 4 TENNIS COURTS. INTERIOR AMENITIES INCLUDE 3 RAQUETBALL COURTS, PRO SHOP, And LOCKER ROOMS WITH SHOWERS. UPSTAIRS FEATURES 2 WEIGHT ROOMS, OBSERVATION DECK WITH BLEACHERS, AND 2 ADDITIONAL LOUNGES. MULTIPLE RESTROOMS. CLEAR SPAN, METAL BUILDING WITH 30 FT CENTER. LEASEABLE RESTAURANT SPACE WITH OVERLOOK VIEW FROM SECOND FLOOR. 4 EXTERIOR BATTING CAGES. 6 OUTDOOR TENNIS COURTS, BUILT IN 2003. INCLUDES A CLUB HOUSE, AND A GARAGE-STORAGE BUILDING.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Taxing Authority: City of Bristol, TN; Sullivan County
Tax ID/APN: 037N-A-027.00;028.00;032.00

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,512 30,159 55,766
Median Age: 42.61 42.44 42.39
Households: 716 12,880 24,009

Contact

Photograph of Listing Agent

Fred McClellan

Callebs Realty NETAR CMLS Member
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