Commercial Acreage Adjacent to the Pinnacle Development

Vacant Land for Sale
Catylist Listing ID: 30465386
Property Subtypes: Hospitality, Office, Retail, Retail-Pad, Other
Gross Land Area: 38.90 Acres
Sale Price: $2,200,000
Unit Price: $56,555 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/12/2019

Overview / Comments

Property consists of two parcels. 35.96 acres on north side of I-81 is zoned B-2 and 2.943 acres on the east and north sides of Miller Hill Road is zoned A-2. Property is adjacent to proposed Entertainment Development at the Pinnacle and the Tennessee Welcome Center. Both parcels are located in Washington County except for an estimated 0.05 acre situated in Tennessee. Property has approx. 2,440 +/- feet of frontage along the north side of I-81 and 780.15 feet of frontage on Miller Hill Road. Access from I-81 is by Exit 1 onto Gate City Highway. Travel north on Gate City Highway and turn left on Miller Hill Road which is the first left turn from Gate City Highway after exiting I-81. Property is located at the first turn in Miller Hill Road on both sides of the road. Brick house on the property is located at 24136 Miller Hill Road.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Washington
Taxing Authority: Washington County, Virginia
Tax ID/APN: 13394
Property Located Between: Interstate 81 and Miller Hill Road
Property Visibility: Excellent
Legal Description: See attached survey.
Feet of Frontage: 3,180
Highway Access: Miller Hill Road
Airports: Tri-City Airport
Site Description: Two tracts consisting of gently rolling, primarily cleared land used as pasture at present.
Area Description: Property is adjacent to proposed Entertainment development which is part of the Pinnacle Commercial Development.
Zoning Description: 35.957 acres is zoned B-2 and 2.943 acres is zoned A-2 in Washington County, Virginia.
Topography: Rolling
Easements: Pipelines, Electric Lines
Easements Description: 50 foot wide gas pipeline and an electric transmission line crosses the property.
Soil Type: Loam
Available Utilities: Electric, Water
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,899 52,641
Median Age: 43.67 41.84
Households: 7,029 22,386


Photograph of Listing Agent

Warren Klutz

Warren Klutz & Compa
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