2312 W. State Street

Withdrawn Retail-Commercial for Sale
Catylist Listing ID: 30087195
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 5,964 SF
Gross Land Area: 0.34 Acres
Sale Price: $189,000
Unit Price: $31.69 PSF
Property Use Type: Business
Building Name: former Fransworth Heating and Air Conditioning
Usable Size (USF): 3,000 SF
Sale Terms: Other
Cap Rate: Undisclosed
Withdrawn On: 10/18/2017
Last Updated: 10/18/2017

Overview / Comments

Long time a fixture on the State Street landscape, the former Fransworth Heating and Air Conditioning building has been a landmark for many years. At this time a special offering is being made in the form of a sale of this asset. Currently, one half of the standing building needs to be demolished and removed, and our current asking price of $ 189,000.00 provides that demolition. This portion of West State Street enjoys high ADT (over 21,000) numbers for passing vehicles Bring your offers and own a great part of Bristol History. Call for your private and confidential showing.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan
Taxing Authority: Sullivan County
Tax ID/APN: 020B C 002.00
Zoning: B-3
Retail Clientele: General, Business, Other
Property Located Between: 24th Street and 23rd Street, fronting on State Street
Largest Nearby Street: State Street, Gate City Hwy, Euclid Ave,
Traffic/Vehicle Count: 21,000
Highway Access: Property fronts State Street, which has several state highway routes, less than .25 miles from Intersection of Gate City Hwy, State Street, Euclid Ave.
Airports: TRI - Tri Cities Regional Airport; Highlands Community Airport
Site Description: Frontage along State Street, flat parking area with some slope at the rear of the property.
Area Description: The property is located at the beginning of the downtown State Street retailers. Commercial businesses are located on either side of the State line for the length of State Street. Part of the Commercial Business District.
Tenancy: Single Tenant
Total Number of Buildings: 3
Number of Stories: 2
Typical SF / Floor: 1,500 SF
Property Condition: Poor
Year Built: 1950
Year Renovated: 1976
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Brick and Block exterior are main building materials.
Total Parking Spaces: 8
Parking Type: Surface
Parking Description: Parking is located along the West side of the property.
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central, Heat Pump
Air Conditioning: Engineered System
Internet Access: Cable, DSL, T1/T3, Dialup, Other
Interior Description: Main building has good bones and has been utilized as the offices and shop for Fransworth Heating and Air Conditioning, and has had very little renovation. East building has sustained a tremendous amount of damage and will be removed.
Zoning Description: B-3, General Business.
Lot Frontage: 98'
Lot Depth: 152'
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Power lines, water & sewer lines
Land Ownership: Estate
Legal Description: Upon request.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,329 32,808 57,200
Median Age: 41.84 41.35 42.22
Households: 2,414 14,170 24,600


Photograph of Listing Agent

Richard S. Armstrong, III

TCI Group - Lowry & Foster, Inc.
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