Hwy 75 Mixed Use Property

Retail-Commercial for Sale
Also listed as Office, Industrial
Catylist Listing ID: 30782989
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Gross Land Area: 5 Acres
Sale Price: $750,000
Unit Price: $75 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/17/2022

Overview / Comments

For Sale or Lease - Excellent central Tri-Cities location! Near Tri-Cities Airport, this site offers storage, offices, events, and residential rental business opportunities in one property! Fronting Highway 75 between the Airport and Gray, very near Boone Lake with easy access to major roads and highways.

The property consists of 3 parcels totaling approximately 5 acres with a 2-story 10,000 sf building with outdoor secure lighted storage lot for RV’s, Boats, Autos, Trucks, etc. Zoned B3 with city water, sewer, electric, plus satellite and internet access.

The building is two floors of 5,000 sf each, well-constructed using a truss design which provides open space and flexible interior layouts. As a storage facility, the lower floor could accommodate approximately 28 storage units and offices.

Indoor spaces inside the building totals 28;
Secure outdoor lot is 141 spaces;
Miscellaneous outdoor storage of 37 spaces.

The upper floor could be used for light storage, events, offices, or living space. See attached floor plans for details of layout.

There is a 14 ft garage door to the first level. The lower level has a 6-8 inch concrete one half inch reinforced rebar floor with 3 ft x 3 ft concrete footers. It has foam insulation, therefore, even without HVAC, indoor temperatures typically range a comfortable 50-70 degrees.

Electric: 600 Amp, 3 Phase w/ 2 - 75KW Transformers, one 480V outlet and two 220V outlets.

The front portion of the property along the highway has been site planned for approximately 206 outdoor storage units, see plat. An automatic gate, security fence, lighting, and signage are already in place. There is an adjacent outdoor area for parking, storage, or room for expansion.

Ideal as an owner-operated income producing property - rent lower level, additional space on second level, along with large outdoor fenced area while occupying or renting the apartment area. Property also for lease, see separate listing. A true ready-made work from home business!

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 08210702620

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 16,762 46,694
Median Age: 41.51 42.36
Households: 6,996 19,234


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