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: 7/11/2019

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

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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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