Herndon Building

Sold Retail-Commercial
Catylist Listing ID: 29776450
Property Subtypes: Convenience Store, Free-Standing Building, Street Retail
Property Type: Retail-Commercial
Archived As: Sold

Overview / Comments

Great business location for smaller retail/commercial endeavors. At present the entire site is Leased, however 1 tenant will be leaving soon for a brand new space, even though they have been at this location for more than 10 years. Currently, the remaining Tenant has another year remaining on their Lease.
The roof is approximately 10 years old (membrane) and in very good condition, one side of the tenancy has an HVAC unit which is just a couple of years old, and the other unit is more than 10 years old. The property has it own pylon sign as well as signage on the building. Gate City Hwy is a main 4 lane highway which runs from I-81 to the heart of downtown via State Street, so the street is heavily trafficked. Additionally, the site is on a hard corner with a median pass through for more access. Located within 500 yards of the Bristol Mall and within 5 miles of the New Pinnacle Development at Exit 73, Bristol, TN.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Bristol
Taxing Authority: City of Bristol, VA
Tax ID/APN: 158712
Zoning: B-2
Market Type: Medium
Retail Clientele: General, Business
Property Located Between: State Street and Interstate 81
Side of Street: Northeast
Road Type: Highway
Property Visibility: Excellent
Largest Nearby Street: Property fronts on 4 lane highway
Transportation: Bus, Airport
Highway Access: Gate City Hwy fronts the property, I-81 is less than 3 miles away. West State Street is less than 1 mile from the subject property, as well as Euclid Avenue.
Site Description: Property is on a slight grade up from the street level.
Area Description: Commercial area of Bristol, Virginia just off of I -81.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,445 SF
Property Condition: Good
Year Built: 1967
Year Renovated: 2005
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: Brick Veneer with metal trim which encases the roof line.
Total Parking Spaces: 20
Parking Type: Structure
Parking Description: Area to front of the building and sides all the way to the street, multiple rows.
Heat Type: Electricity
Heat Source: Ceiling Units
Air Conditioning: Package Unit
Internet Access: Cable, DSL, Gigabit, Dialup
Interior Description: The stores/spaces are seperated by extremely thick walls, each of which is of an exterior design.
Zoning Description: B-2 General Business
Lot Frontage: 114'
Lot Depth: 155'
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Land Ownership: Fee Simple
Legal Description: Upon request

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,164 29,322 58,217
Median Age: 41.68 41.59 42.06
Households: 2,797 12,800 24,804


Photograph of Listing Agent

Richard S. Armstrong, III

TCI Group - Lowry & Foster, Inc.
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