Lady Equipment Co.

Retail-Commercial for Sale
Catylist Listing ID: 30622807
Property Subtypes: Car Wash, Convenience Store, Free-Standing Building, Garden Center, Service Station/Gas Station, Street Retail, Vehicle Related, Other
Building Size (RSF): 4,000 SF
Gross Land Area: 6.02 Acres
Sale Price: $999,000
Unit Price: $249.75 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: Lady Equipment Co.
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2020

Overview / Comments

Bristol Motor Speedway is The Home to the World's Fastest Half Mile in NASCAR.
The Lady equipment company has for many years been the areas resource for New and Used Farm Equipment in the Tri Cities area. With 5.8 acres of land and over 580 Feet of road frontage along Volunteer Parkway in the shadows of BMS.
The building has a large garage and a good sized shop, along with a large lobby and storage/repair bay. Several outside buildings and covered areas which are in good are located on the site, along with 165 sites for water and electric hookup for Campers and vacationers coming to BMS. This site provides a great opportunity for several different lines of business. One is a Convenience Store, as only one store lies on the Northbound side of Volunteer Parkway from Bluff City, to the Lowe's in Bristol. Also, there are no opportunities to fuel large trucks or tractor trailers along the Parkway so this would make a perfect location for a multi-purpose facility. Remember, this property is in the Opportunity Zone.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Taxing Authority: Sullivan County
Tax ID/APN: 082 067 06500 000 2019
Zoning: B-3
Retail Clientele: General, Business, Traveler, Tourist, Recreation
Property Located Between: Hwy 394 and Bristol Motor Speedway
Property Visibility: Excellent
Largest Nearby Street: Volunteer Parkway
Feet of Frontage: 580
Highway Access: Two (2) Direct access driveways to Volunteer Parkway (Hwy 11E), property also maintains a median cut for access from the Southbound lane.
Airports: Tri Cities Regional Airport
Site Description: The +/- 6.02 Acre site rises from the Volunteer Parkway and is nearly flat, sloping up and away from Volunteer Parkway, which creates great visibility from the Parkway.
Area Description: Area surrounding the Bristol Motor Speedway has been growing slowly and will continue to grow steadily as the area is becoming more developed and accessible to more and more business opportunities.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Typical SF / Floor: 4,000 SF
Year Built: 1984
Roof Type: Gable
Construction/Siding: Metal Siding
Exterior Description: Several metal buildings are being utilized on site for various purposes, the lot is mostly gravel, and has been compacted over time and is very stable
Parking Type: Surface
Parking Description: Gravel parking lot without many parking lines
Sprinklers: Wet, None
Heat Type: Natural Gas, Suspended Radiant Heaters
Heat Source: Wall Units, Ceiling Units
Air Conditioning: Package Unit
Internet Access: Cable, Gigabit
Interior Description: Retail space is in relatively good shape,simply in need of a good cleaning as it is a shop and farm store.
Zoning Description: B-3; General Business;
Lot Frontage: 580'
Lot Depth: 500'
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Normal utility easements
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 13,837 36,322
Median Age: 43.24 43.55
Households: 5,596 15,115

Contact

Photograph of Listing Agent

Richard S. Armstrong, III

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