The Cumberland Building

Office for Sale
Catylist Listing ID: 30199687
Property Subtypes: Executive Suites, Mixed Use, Office Building, Other
Building Size (RSF): 7,800 SF
Gross Land Area: 0.45 - 0.46 Acres
Sale Price: $400,000
Unit Price: $51.28 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Building Name: The Cumberland Building
Class of Space: Class C
Usable Size (USF): 7,800 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/20/2018

Overview / Comments

Strategically located in the middle of downtown Bristol, this office building with partking lot (20+ spaces) is now available. Currently, a well established law office has been in the building for over 20 years, and the current Owners are ready to Sell. The Cumberland building fronts on two streets, Moore and Cumberland and is located adjacent to the Bristol Country Music Museum and is very close to the new Reynolds Arcade renovation Hotel on Cumberland Street. This site is so well located that you can be on State Street (1 block away) in minutes or walk across the front of Cumberland Park (across the street) and be at the Bristol, Virginia Courthouse in 2 minutes. Also, your in the midst of all the downtown renovations and venues. This building provides a great opportunity for the entrepreneur as it has 6 suites, several are ideal for retail or office as well as being well fitted for Condominium renovation! With it's own parking this is nearly a once in a lifetime opportunity. Call today for more information or your own confidential tour.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Bristol
Taxing Authority: City of Bristol, Virginia
Tax ID/APN: 37 3 7, 8, 9
Zoning: B-2
Property Located Between: State Street and Cumberland Avenue
Property Visibility: Excellent
Highway Access: Cumberland Avenue has direct access to Highway 11/19 & to Commonwealth Ave which leads to Interstate I-81.
Airports: TRI - Tri Cities Regional Airport; Highlands Community Airport
Site Description: Level lot in downtown Bristol, Virginia located between State Street and Cumberland Avenue, the Blackbird Bakery and the new Reynolds Hotel.
Area Description: Downtown Brisol, VA/TN the Twin City, is an evolving and expanding downtown. With many new venures and business opportunities expanding, downtown Bristol is growing by leaps and bounds. Later this year the Sessions Hotel on Cumberland Avenue in the Reynolds Arcade Building with be completed and open for business. Additionally, another new boutique Hotel will begin construction on State Street and will a themed and higher end Hotel with its own restaurant. Several micro Breweries dot the downtown with a number of music venues for a strong and vibrant nightlife.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,750 SF
Year Built: 1956
Year Renovated: 1990
Construction/Siding: Brick
Exterior Description: This 2 story brick building has 2 entrances to the upstairs along with a retail front on Moore Street and a retail front facing Cumberland Ave.
Parking Type: Structure
Parking Description: Parking lot can hold in access of 20 vehicles, sized at 80' x 180'.
Total Parking Spaces: 28
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central, Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable, T1/T3, Gigabit
Interior Description: With Six suites the interior varies greatly from Retail (fronting on Moore Street), to large office space (upstairs), and several smaller suites.
Zoning Description: B-2
In Flood Plain?: Yes
Lot Frontage: 110'
Lot Depth: 180'
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple
Legal Description: Upon request

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,232 37,931 55,300
Median Age: 39.05 40.96 42.13
Households: 5,062 16,481 23,741

Contact

Photograph of Listing Agent

Richard S. Armstrong, III

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