1009-1113 Volunteer Pkwy

Retail-Commercial for Sale
Catylist Listing ID: 30389508
Property Subtypes: Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Vehicle Related, Other
Building Size (RSF): 11,226 SF
Gross Building Area: 3,400 SF
Gross Land Area: 0.32 Acres
Sale Price: $199,900
Unit Price: $17.81 PSF
Property Use Type: Vacant/Owner-User
Building Name: 1009-1113 Volunteer Parkway
Usable Size (USF): 3,400 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/12/2019

Overview / Comments

Great Parkway location for business expansion as this property has 3 separate buildings which can be separately Leased! Great income potential, as this site is very visible from Volunteer Parkway and is situated at a red light across from McDonald's. All the buildings are separately metered for Electric and in various degree of improvement. As the buildings are currently being improved, if purchased prior to completion of the improvements, materials will be provided for the jobs under way. Again, this is a great opportunity for an investor who can provide some of his own work. Call for more information and a confidential tour.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Taxing Authority: Sullivan County
Tax ID/APN: 037D B 009.00; 037D B 008.00
Zoning: B-3
Retail Clientele: Business, Other
Property Located Between: Fronts on Volunteer Parkway
Property Visibility: Excellent
Largest Nearby Street: Volunteer Parkway
Highway Access: Property access is from Cox Street at the corner of Volunteer Parkway
Airports: TRI - Tri Cities Regional Airport; Highlands Community Airport
Site Description: Property is elevated above Volunteer Parkway and is level on the top of the grade, and is well located at the signal across from McDonald's on the Volunteer Parkway.
Area Description: General Business district along Volunteer Parkway with a number of fast food feeders and many small businesses.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Roof Type: Gable
Construction/Siding: Aluminum Siding, Block, Concrete
Exterior Description: All the buildings vari in construction and age. Also, in the level of renovation.
Parking Type: Surface
Parking Description: Currently the property has 12 marked spaces and other areas which are unmarked and can provide parking.
Sprinklers: None
Heat Type: Electricity, Natural Gas, Suspended Radiant Heaters
Heat Source: Wall Units, Heat Pump
Air Conditioning: Engineered System
Internet Access: Cable, Other
Interior Description: All three buildings are in conversion and have varying level of improvements being performed. One building has been converted from an older home with 2 full baths to an office building. A metal garage type building is in construction to be converted into a restaurant, and the third building has a full and a half bath, along with areas which can be used for office or retail.
Zoning Description: B-3
Lot Frontage: 185+
Lot Depth: 68+
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Ingress/Egress, Utilities
Easements Description: Exclusive/permanent easement for Ingress/Egress to the property
Land Ownership: Fee Simple
Legal Description: Upon Request

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,272 37,693 54,093
Median Age: 44.59 40.81 42.21
Households: 2,770 16,356 23,327
The information presented herein is provided as is, without warranty of any kind. Neither Northeast Tennessee Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.