former Aurora Casket

Special Purpose for Sale
Catylist Listing ID: 29714623
Property Subtypes: Health Care/Medical, School/University, Senior Housing, Sports/Entertainment, Other
Building Size (RSF): 51,000 SF
Gross Land Area: 6.75 - 7.50 Acres
Sale Price: $799,000
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/19/2019

Overview / Comments

The former Cortrim Facility was the home of fine wood furniture for many years, then the property transitioned to Aurora Casket Company and for several years this site was utilized for the construction and finishing for caskets. After a fire demolished most of the site, a majority of the property transitioned to City with the former finishing factory remaining. This site has been utilized as a storage and final finishing facility for a number of years and is now available for sale. Included in this sale is the Finishing facility as well as 4 lots of varying size along East Cedar Street.
The finishing facility has several large open areas, along with loading docks and drive in doors. Upstairs contains approximately 10,000 sq ft and the lower level has about 41,000 sq ft of space of usable space including a small amount of office space. Contact the listing agent for your own private and confidential showing.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Taxing Authority: Sullivan County
Tax ID/APN: 021J D 021.00
Zoning: R-2; R-3
Market Type: Medium
Property Located Between: Georgia Ave and East Cedar
Side of Street: South
Road Type: Paved
Property Visibility: Good
Largest Nearby Street: Georgia Avenue, East Cedar Street
Transportation: Bus, Highway, Airport, Taxi
Highway Access: East Cedar Street is a main road which starts near Weaver Pike and continues into the King College area and handles a very large amount of daily traffic for those who live in East Bristol traveling to downtown.
Airports: Tri Cities Airport
Site Description: This fairly level lot containing 4 parcels and fronting on 3 streets, has high level of importance in the King College area, being one of the largest tracts of land remaining in the immediate King College vicinity.
Area Description: This part of Bristol, is older and has a tremendous amount of charm with the homes which lay on the State Streets being renovated and typically being well cared for over the past. The site sites adjacent to King University and has tremendous potential for a number of uses.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 10,000 SF
Property Condition: Good
Year Built: 1977
Year Renovated: 1988
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Most of the exterior is in good shape and has been well cared for concrete block. Several of the areas have been renovated and are in very good shape. Most of the roof is membrane, however a portion is metal on a pitch.
Parking Type: Surface
Parking Description: No market parking spaces
Freight Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas, Space Heaters
Heat Source: Other
Air Conditioning: Window Unit
Internet Access: Cable, DSL, Gigabit
Interior Description: The upstairs level is mostly open with a small office, large open area with wooden floors, and another area which was used for finishing and storage in a concrete room. The downstairs, has a drive in door as well as docks, and can be utilized for many types of storage, The lower level is broken up in to 4 areas. I area is offices, another is straight storage, another is a finishing area, and another is a repair area.
Zoning Description: R-2 & R-3, which are Residential Zones situated for multifamily housing or perhaps dorm living for students
Lot Frontage: 800
Lot Depth: 1,200
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Easements for power lines and drainage.
Land Ownership: Fee Simple
Legal Description: Upon Request

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,501 34,685 57,542
Median Age: 38.96 41.06 42.22
Households: 2,590 14,971 24,610


Photograph of Listing Agent

Richard S. Armstrong, III

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