Abingdon I-81 Restaurant Property

Retail-Commercial for Sale
Catylist Listing ID: 30285469
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Other
Building Size (RSF): 2,419 SF
Gross Building Area: See Agent
Gross Land Area: 1.34 Acres
Sale Price: $750,000
Unit Price: $310.05 PSF
Property Use Type: Vacant/Owner-User
Building Name: Former Pizza Hut
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/29/2021

Overview / Comments

NEW PRICE! SUPER INTERSTATE LOCATION! Sitting directly off I-81 Exit 17 in Abingdon, VA. A former Pizza Hut, this 2,419 sq ft building includes kitchen equipment, furniture, and fixtures. Some of the equipment includes pizza ovens, fryers, walk in cooler, walk in freezer, dish washer, ice maker and more. An additional 700 sq ft of dining available with an attractive outdoor patio area. See attached survey map for parcel details. 2019 Taxes $4,051.32 = $1,246.56 City + $2,804.76 County.

Located in the heart of the busiest restaurant and retail area in Abingdon, this property sits just across from The Meadows, a new retail and sports complex development including Food City, Pal's and Holiday Inn Express among others now open. The new sports complex portion is currently under construction which will include four baseball and softball fields; two full-size soccer fields; two field houses; a milelong perimeter hiking trail; a splash pad for kids, and possibly children’s playground and a mountain-bike park. This property is ideal for new brewery, sports themed or family oriented restaurant. Property also for lease, contact agent for building tour and to discuss this unique Abingdon real estate opportunity!

Attachments & Media

Additional Details

Nearest MSA: Kingsport-Bristol
County: Washington
Tax ID/APN: 105 6 26A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,442 13,817 15,505
Median Age: 42.52 45.72 44.5
Households: 670 6,309 6,792

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