Former Grand Home Furniture Store

Retail-Commercial for Sale
Catylist Listing ID: 30653329
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 66,000 SF
Gross Land Area: 23,523 - 23,525 SF
Sale Price: $699,000
Unit Price: $10.59 PSF
Property Use Type: Business
Building Name: former Grand Furniture
Usable Size (USF): 66,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/24/2020

Overview / Comments

The former Grand Home Furniture Store once housed Parks Belk in downtown Bristol, VA and is now the home of Grand Antiques. As fortunes have it, the two buildings which are joined together were built between 1881 and 1886. 611 State was the original home of Mitchell-Powers Hardware for many years. The buildings comprise one of the largest frontages along State Street, as well as being one of few buildings which are Four Stories. With all the changes coming to Bristol, Virginia this opportunity won't last long and will become a landmark for the future in downtown Bristol. Call today for more information.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Bristol
Taxing Authority: City of Bristol, VA
Tax ID/APN: 37-4-10-11
Zoning: B-2
Retail Clientele: General, Business, Other
Property Located Between: Moore Street and Piedmont Street
Property Visibility: Excellent
Largest Nearby Street: State Street
Highway Access: State Street is known by several State and Federal Route numbers
Airports: Tri Cities Regional Airport; Highlands Community Airport
Site Description: Frontage along State Street as well as rear access through Winston's Alley
Area Description: Growing and expanding downtown area of Bristol. During the early part of the Twentieth Century, Bristol was the Shopping Capital of East Tennessee and Southwest Virginia, people came from as far away as Knoxville, TN and Roanoke, Virginia and all counties in between to shop in the downtown. The continuous expansion of shops, restaurants, breweries, distilleries' and Country Music, continue to make downtown Bristol an area favorite in which to spend an evening. On the horizon, Bristol could be the next home of the Hard Rock Cafe!
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 4
Typical SF / Floor: 9,500 SF
Property Condition: Fair
Year Built: 1881
Roof Type: Flat
Construction/Siding: Block, Brick, Concrete, Steel Frame, Wood Frame, Other
Exterior Description: Brick covers the majority of the buildings.
Total Parking Spaces: 8
Parking Type: Surface
Parking Description: Four public spaces on State Street, and 4 spaces on Winston's Alley
Passenger Elevators: 1
Freight Elevators: 2
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Heat Source: Ceiling Units, Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable, DSL, Fiber Optic
Interior Description: The building has not been renovated since sometime in the 1980's and is in need of some repairs. Roofs have been stabilized in most areas and are holding out water.
Zoning Description: B-2, General Business which also includes a residential living component.
Lot Frontage: 108'
Lot Depth: 240'
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple
Legal Description: Available Upon Request

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,753 37,931 55,300
Median Age: 39.11 40.96 42.13
Households: 3,560 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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