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 Land Area: |
0.18 Acres
|
| Sale Price: |
$75,000 |
| Unit Price: |
$9.38 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Building Name: |
Former Morrell Music Buildings |
| Usable Size (USF): |
8,000 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/15/2021 |
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 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, rear building could be demolished to add on site parking. Or one of the smaller buildings could be also. |
| Sprinklers: |
None |
| Zoning Description: |
B3, General Business |
| Lot Frontage: |
53 |
| Lot Depth: |
150 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
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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The information presented herein is provided as is, without warranty of any kind.
Neither Northeast Tennessee Association of REALTORS® nor
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