Exceptional 2 Acre Commercial Property at The Falls

Retail-Commercial for Sale
Also listed as Industrial, Vacant Land
Catylist Listing ID: 30508905
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Street Retail, Vehicle Related, Other
Building Size (RSF): 36,500 SF
Gross Building Area: See Agent
Gross Land Area: 2.06 Acres
Sale Price: $2,000,000
Unit Price: $54.79 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Atlas Motors
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/30/2019

Overview / Comments

First Time On The Market! Excellent commercial property on Lee Highway at the entrance to The Falls in Bristol, VA. Situated between new Sheetz c-store and Crabtree Buick-GMC dealership, property consists of three primary buildings and two storage buildings situated on approximately 2.06 acres.

The larger main building has two floors of 12,000 sq ft each plus a connected 100' x 100' work shop. Also on property is an additional parts building, constructed in 2004. A total of 36,500 sq ft in all three buildings. Buildings are in excellent condition supplied by 300 amp electric service. Property has large paved parking at front with two curb cuts on Lee Highway. Formerly known as Atlas Motorcycles, property is suited to continued use as motorcycle shop, repair shop, light industrial or specialty retail. Property also for lease, see separate listing.

In addition to being at the entrance to The Falls, property is also situated with immediate access to I-81, Exit 5 making this an ideal redevelopment site for business seeking expanding retail, restaurant and hospitality location in a high visibility regional destination.

The Falls development, anchored by two major retailers, Lowe's and Cabela's, is continuing it's explosive growth with new Hobby Lobby and Aldi's recently opened. Current plans also call for a Pizza Hut, Planet Fitness and other businesses to be built in immedate area soon. Contact agent to discuss options at this excellent commercial location.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Washington
Tax ID/APN: 225-A-13; 224-A-27; 224-A-26; 224-A-28A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,625 24,768 53,240
Median Age: 42.54 40.45 41.99
Households: 2,062 10,743 22,832

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