Weber City Restaurant and Strip Center

Retail-Commercial for Sale
Catylist Listing ID: 30011405
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail
Building Size (RSF): 13,200 SF
Gross Building Area: See Agent
Gross Land Area: 1.20 Acres
Sale Price: $1,900,000
Unit Price: $143.94 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2017

Overview / Comments

Excellent Weber City commercial property now available! Very profitable and popular full service restaurant with adjoining strip center on over 1 acre fronting 4-lane Hwy 23. Restaurant has been open since the 1950's with current owners operating for more than 16 years with plans to continue. Restaurant building is 3,200 square feet and retail/office building is 10,000 square feet. Strip center has 7 suites with 6 currently leased and one being used as a maintenance room that can be returned to lease space.

Very loyal customer base and high traffic counts at this location near Tennessee/Virginia state line. Ideally situated next to new 300+ employee call center, TeleTech, newly opened at the Riverside Development just across the Hwy 23 Holston River bridge. More on TeleTech and the growing Riverside Development via links included.

Don't miss the opportunity to become part of this expanding area of the Tri-Cities! Excellent financials available to qualified investment buyer or owner operator.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Scott
Tax ID/APN: 167 A 32

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 19,341 52,103
Median Age: 42.26 43.52
Households: 8,465 22,868
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