Betsytowne Shopping Center

Sold Shopping Center
Also listed as Retail-Commercial
Catylist Listing ID: 29969793
Property Subtypes: Neighborhood Center
Property Type: Shopping Center
Archived As: Sold

Overview / Comments

Betsytowne Shopping Center represents a great redevelopment opportunity for a grocer or department store based renovation concept. Built in 1982, this shopping center is the first major commercial property coming into Elizabethton from the east on Highway 19E. Increasing traffic counts are a positive trend.

The property is in fair condition and most spaces will need renovation/remodeling as lessees are secured. One space is occupied by Little Caesars pizza and was one of the original tenants when the shopping center opened.

The shopping center is priced below current tax appraisal on the land alone.

Attachments & Media

Additional Details

Nearest MSA: Johnson City
County: Carter
Taxing Authority: Carter County and City of Elizabethton
Tax ID/APN: 041M A 005.00
Zoning: SHOPPING CENTER
Retail Clientele: General
Property Located Between: Highway 19-E and Old State Line Road
Property Visibility: Excellent
Largest Nearby Street: 19-E Bypass
Highway Access: Accessible from 19-E Bypass with highway medial crossover directly aligned with entrance to the shopping center. Additional entrance off State Line Road.
Site Description: This site is an ideal location situated on the high traffic volume 19-E Bypass. Betsytowne Shopping Center is the first major commercial shopping center coming into Elizabethton, TN from its east side. Traffic from Eastern Carter County (Hampton, Roan Mountain, Butler and numerous other communities traverse past this site. High visibility, well known location, and strategic location make this a desirable business address.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1984
Roof Type: Other
Construction/Siding: Block
Exterior Description: Painted split face block with standing seam metal roof hidden by parapet walls.
Parking Type: Surface
Parking Description: Flat parking area with minimal slope to facilitate drainage. Parking spaces are correctly distributed based on the gross lease space of the space for which the parking serves.
Total Parking Spaces: 385
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Heat Source: Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: Commercial
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Land Ownership: fee simple

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,830 20,607 35,458
Median Age: 37.77 42.5 41.82
Households: 2,001 8,720 14,743

Contact

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