Whicker Glass Building

Retail-Commercial for Sale
Catylist Listing ID: 30499922
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Vehicle Related, Other
Building Size (RSF): 5,640 SF
Gross Land Area: 0.34 SF
Sale Price: $329,000
Unit Price: $58.33 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: former Whicker Glass Building
Usable Size (USF): 5,640 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/17/2019

Overview / Comments

Sale/ Lease Back! Great Opportunity for a State Street address in blossoming downtown Bristol, Tennessee. This State Street location can function under many different types of businesses with the City Zoning of B-2E.

With the approval of the Casino pending in Bristol, VA this property is less than 1 mile away and will definitely be impacted by the inclusion of business which the Casino will bring.

Great investment opportunity as Whicker Glass and other Tenants are poised to remain, but could be worked with to relocate. Currently, monthly income provides a source for re-capitalization.

The property could also be utilized for a long term Lease Tenant, under the proper conditions and negotiations!

This property is also available for long term LEASE!

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Taxing Authority: Sullivan County
Tax ID/APN: 020C E 003.00
Zoning: B-2
Retail Clientele: General, Other
Property Located Between: 14th and 15th Street on W. State Street
Property Visibility: Excellent
Largest Nearby Street: 14th Street
Highway Access: State Street has various Hwy titles: 58, 421
Airports: TRI Cities Regional & Highlands Community Airport
Site Description: Level lot with +/- 88 feet of frontage and dedicated parking along the building and four parking spaces along State Street in front of the building. Property is NOT in the Flood Plain.
Area Description: Downtown Bristol predominately maintains a B-2E Zoning which is extremely business friendly and flexible.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,400 SF
Property Condition: Fair
Year Built: 1937
Year Renovated: 1990
Roof Type: Gable
Exterior Description: Most of the structure is concrete block, with the side portion having and extension of steel siding which creates covered exterior storage.
Total Parking Spaces: 10
Parking Type: Surface
Parking Description: Parking is along side of the building, with spaces along State Street in front of the building.
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Wall Units, Ceiling Units, Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable, Gigabit, Fiber Optic
Interior Description: Interior of the building is in a state of flux as some spaces may be condensed and others expanded dependent upon use. Overall the interior is dry and clean.
Zoning Description: B-2E, business friendly with limited parking, this category can be used for a multitude of business uses
Lot Frontage: 88'
Lot Depth: 173'
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Normal easements for utilities
Land Ownership: Fee Simple
Legal Description: Upon Request

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,949 32,221 57,200
Median Age: 42.69 40.43 42.22
Households: 2,349 13,945 24,600

Contact

Photograph of Listing Agent

Richard S. Armstrong, III

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