former Mitchell - Powers Hardware

Industrial for Sale
Catylist Listing ID: 30293565
Property Subtypes: Flex Space, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Net Leased, Research & Development, Self Storage, Warehouse/Distribution, Other
Building Size (RSF): 148,000 SF
Gross Land Area: 6.67 Acres
Sale Price: $300,000
Unit Price: $2.03 PSF
Docks/Doors: 6 Docks, 8 Doors
Property Use Type: Vacant/Owner-User
Building Name: former Mitchell - Powers Hardware
Usable Size (USF): 148,000 SF
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 11/20/2020

Overview / Comments

The former Mitchell - Powers Hardware facility on Fifth Street has been an area landmark for many years which provided hardware goods and stores for many years to the surrounding Bristol area. The facility is comprised of a number of buildings with various ceiling heights, concrete and wood floors as well as sprinklers and freight elevators.

Originally built in 1925 as a thread manufacturing plant, Mitchell - Powers Hardware moved to the site sometime during the 1950 after they moved from downtown Bristol. With many different ceiling heights and floor materials this multi-story and multi-building facility holds a great opportunity for many uses.

Previously, this site had an active rail side and it is very likely that a new rail side could be activated on this property.

For confidential showing, please call today.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Submarket Type: Redevelopment District
Taxing Authority: Sullivan County
Tax ID/APN: 021 J G 001.00
Zoning: M-2
Property Located Between: Downtown Bristol and Residential district
Highway Access: Access to Cedar Street as well as Fifth Street.
Airports: TRI - Tri Cities Regional Airport; Highlands Community Airport
Site Description: Slightly sloping from front to back the largest portion of the property is set aside for parking, and freight movement.
Area Description: Manufacturing area of Bristol, not far from the downtown area.
Tenancy: Multiple Tenants
Total Number of Buildings: 6
Number of Stories: 3
Typical SF / Floor: 24,000 SF
Property Condition: Average
Year Built: 1925
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: The facility was constructed of brick and block and has a strong industrial look.
Parking Type: Surface
Parking Description: Large area which is graveled and unlined.
Freight Elevators: 1
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Heat Source: Central, Wall Units
Internet Access: Cable, DSL
Interior Description: The building is in good condition in most areas as the roof was replaced over the main building several years ago, with a new membrane rood. One area over the end of the building needs work and currently leaks, this is an area with concrete floors. The main building has high ceilings and wood floors and is in good condition.
Zoning Description: M-2
Lot Frontage: 800'
Lot Depth: 270'+
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines
Easements Description: Typical easements for water, sewer, electric and railroad.
Land Ownership: Fee Simple
Legal Description: Upon Request

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,097 40,412 57,762
Median Age: 40.49 41.14 42.33
Households: 3,821 17,495 24,763


Photograph of Listing Agent

Richard S. Armstrong, III

TCI Group - Lowry & Foster, Inc. NETAR CMLS Member
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