West Stone Drive Commercial Building
Retail-Commercial
for Sale
| Catylist Listing ID: |
30366043 |
| Property Subtypes: |
Free-Standing Building, Street Retail, Other
|
| Building Size (RSF): |
1,932 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.50 Acres
|
| Sale Price: |
$350,000 |
| Unit Price: |
$181.16 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
6.57% |
| Last Updated: |
1/20/2020 |
Overview / Comments
|
ATTENTION INVESTORS! Great starter investment with this high visibility 1,932 sq ft commercial building on over one half acre corner fronting busy West Stone Drive and Afton Street. Completely new renovation in 2017. Currently leased to excellent long term tenant with multiple locations in Southwest Virginia and East Tennessee. West Stone Coin Laundry lease in place through July 2022 with two 5-year renewal options. This corner property is at signalized intersection with large parking lot with easy access from two sides. Great traffic counts with 30,000 cars per day passing this location. Contact agent for further details and financials.
|
Additional Details
| Nearest MSA: |
Kingsport-Bristol |
| County: |
Sullivan |
| Tax ID/APN: |
045F C 045.00 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,604 |
30,073 |
61,374 |
| Median Age: |
43.45 |
41.47 |
43.51 |
| Households: |
3,420 |
13,323 |
27,047 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Northeast Tennessee Association of REALTORS® nor
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