Commercial building and land

Retail-Commercial for Sale
Auction
Catylist Listing ID: 30783610
Property Subtypes: Restaurant
Building Size (RSF): 7,314 SF
Gross Building Area: See Agent
Sale Price: $1
Unit Price: $0 PSF
Ceiling: 12 ft.
Property Use Type: Business
Sale Terms: Cash to Seller
Up For Auction: Yes
Cap Rate: Undisclosed
Last Updated: 5/14/2022

Overview / Comments

Online auction in May 2022.
The owner's retirement is providing an excellent opportunity for you! Take advantage of a commercial building with over 7300 sq. ft., 2.16 acres and plenty of parking spaces. It could continue as a full service restaurant which includes all the equipment, tables, chairs, and seating for 260.
The building was well built in 2000 and has so much added potential if subdivided for renal office spaces, a smaller restaurant, pizza shop, sub shop, bakery, meal delivery service, or take-n-bake business, all which produce attractive incomes. Other options would be retail businesses, medical or dental practices, CPA'S, or attorneys. The property could be used for a car wash, convenience store, memory care center, or funeral home. What a location!! The property is close to other businesses, medical facilities, and schools on a high traffic highway with easy access in and out.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 082031OB03000
Zoning: COMMERCIAL
Retail Clientele: Family, Business
Property Visibility: Excellent
Largest Nearby Street: Highway 93
Feet of Frontage: 157
Highway Access: Four Lane Highway with turning lane to business
Airports: Tri-Cities TN
Area Description: Great location on well traveled highway. Close to medical, school, and grocery store and shopping centers.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,314 SF
Property Condition: Excellent
Year Built: 2000
Roof Type: Gable
Construction/Siding: Brick
Total Parking Spaces: 60
Parking Type: Surface
Heat Type: Electricity, Natural Gas
Heat Source: Heat Pump
Zoning Description: Commercial
Lot Frontage: 152 Ft. IRr
Lot Depth: 656 Ft. IRR
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,694 38,323 64,594
Median Age: 50.54 44.02 43.7
Households: 2,201 16,866 28,037

Contact

Photograph of Listing Agent

Wayne Porter

Town and Country Reatly
NETAR CMLS Member
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