Warehouse, Wolfe Brothers Furniture

Industrial for Sale
Catylist Listing ID: 30346343
Property Subtypes: Cold Storage, Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Research & Development, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 11,200 SF
Gross Land Area: 3 Acres
Sale Price: $175,000
Unit Price: $15.63 PSF
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 10/31/2018

Overview / Comments

Property is located just outside the Piney Flats Industrial Park. Formerly was the headquarters of Wolfe Brothers Furniture. Adjacent to the railroad and may have the ability to obtain a rail spur.

The original Wolfe Brothers Building is in need of extensive repair or may need to be demolished altogether due to it's condition. It is an historical building and would need to be approved before demolition. The current owner has been offered a significant amount of money for the wood and material inside the building.

The property could be utilized for light industrial, small business, venue, etc...

With a little sweat equity this property can be worth much more!

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan
Zoning: M-1 (MANUFACTURING, LIGHT INDUSTRIAL)

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,104 29,956
Median Age: 42.92 42.27
Households: 2,938 12,923

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