2304-2306 West State Street

Retail-Commercial for Sale
Catylist Listing ID: 30680394
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.18 Acres
Sale Price: $75,000
Unit Price: $9.38 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: Former Morrell Music Buildings
Usable Size (USF): 8,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/12/2021

Overview / Comments

Tremendous West State St opportunity for rehabilitation. Approximately 8000 sqft of space among 3 buildings. Located on a busy section of West State St, 1 mile from downtown and 1 mile from new casino location. The former Morrell Music buildings are ready to renovate. Buildings are currently vacant and need extensive renovation and cleanup. At this price they can be renovated or demolished for a fresh start.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 082 020B C 00300 000 2019 and 082 020B C 00400
Zoning: B-3
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Interstate 81 and Downtown Bristol
Property Visibility: Excellent
Largest Nearby Street: West State Street
Feet of Frontage: 53
Highway Access: Approximately 1 mile from Interstate 81, exit 1, or 2 miles to Exit 74.
Airports: Tri-Cities Airport
Site Description: Approximately 0.18 acres with 3 buildings ready for renovation.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 2
Roof Type: Other
Construction/Siding: Block, Brick
Parking Type: Other
Parking Description: Street Parking
Sprinklers: None
Zoning Description: B3, General Business
Lot Frontage: 53
Lot Depth: 150
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,329 32,808 57,200
Median Age: 41.84 41.35 42.22
Households: 2,414 14,170 24,600

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