Galloway Property

Office for Sale
Catylist Listing ID: 30775153
Property Subtypes: Mixed Use, Flex Space, Office Building
Building Size (RSF): 2,754 SF
Sale Price: $269,000
Unit Price: $97.68 PSF
Property Use Type: Business
Building Name: Galloway Building
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/24/2022

Overview / Comments

The Galloway Building has provided great opportunities to small business due to the influence and legacy of Don Galloway. Now, the property is available for reinvestment and to move into it's next phase of providing commercial business opportunities in Bristol. Built in 1974 this brick structure has been modified from it's previous uses of an insurance office and legal offices to those of small business. Due to the location, traffic counts and low maintenance this property is a great value and can be modified for it's next owner. Traffic counts on Volunteer Parkway have always been high and this property is located right in the middle of the highest counts. Have a desire for a new business opportunity, this is your property!

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Taxing Authority: Sullivan County
Tax ID/APN: 082020EF03900
Zoning: B-3
Property Located Between: State Street and Weaver Pike
Property Visibility: Excellent
Highway Access: Direct access to Volunteer Parkway, 11E.
Airports: Tri Cities Regional Airport & Highlands Regional Airport
Site Description: Level lot along Volunteer Parkway with great visibility.
Area Description: Properties along Volunteer Parkway are some of the most active and visual businesses in the area.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,754 SF
Year Built: 1974
Year Renovated: 2001
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: The building is a brick structure with little to no exterior maintenance.
Parking Type: Surface
Parking Description: Parking is unmarked, and various
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Interior Description: The building was previously 3 suites, and has been morphed into two spaces. Some tile flooring and carpet, much of the walls are paneled.
Zoning Description: B-3
Lot Frontage: 150'
Lot Depth: 92'
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Power Lines and road easements
Land Ownership: Fee Simple
Legal Description: Upon Request

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,681 36,489 56,548
Median Age: 44.34 41 42.23
Households: 3,945 15,840 24,247

Contact

Photograph of Listing Agent

Richard S. Armstrong, III

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