State Line Bar & Grill

Retail-Commercial for Sale
Catylist Listing ID: 30002234
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 9,200 SF
Gross Building Area: 5,249 SF
Gross Land Area: 5,249 SF
Sale Price: $699,000
Unit Price: $75.98 PSF
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 6,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2017

Overview / Comments

The former W.T. Grant Department store was painstakingly restored in 2000 by local craftsman J. Mickey Lovett. At this time Mr. Lovett restored the vacant shell and produced a high quality restaurant establishment which is now called State Line Bar & Grill which has been in service since 2002.

Being located on one of the busiest corners of downtown Bristol, the State Line boosts a large outside sidewalk area of tables for street dining along with a number of booths along the front window, high top and regular restaurant seating. But, the crowning touch on the establishment is the beautiful solid hickory bar and break front, which provides an elegant touch to the local restaurant.

With a nearly full size upstairs, including a separate bar and restrooms, this area is utilized for private parties and overflow. The upstairs could even be segregated from the downstairs with only a few modifications. If your in the restaurant business this is definitely a must see. Call today for your confidential showing.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan
Taxing Authority: Sullivan County
Tax ID/APN: 020D F 001.00
Zoning: B-2
Retail Clientele: General, Business, Traveler, Tourist, Recreation
Property Located Between: Corner of State Street and 7th Street
Property Visibility: Excellent
Largest Nearby Street: State Street
Highway Access: State Street is the main thoroughfare through downtown Bristol, TN/VA and has many highway route numbers which have been traveled by millions over the years.
Airports: TRI - Tri Cities Regional Airport
Site Description: At the corner of State Street and 7th Street the former W.T. Grant building was built in 1930 and restored in 2000. The property runs from the center of the sidewalk to a shared alley behind the building.
Area Description: Downtown Bristol,TN/VA is one of the fastest growing and best re-established downtown's in our region. With retail offerings, restaurants, office buildings, lofts and other types of commercial development, Bristol's downtown is once again the "Jewel of the Mountain Empire". With the establishment of two new hotels coming to downtown Bristol, the Country Music Museum, and the number of music venues which happen nearly every month of the year, whether it be in the historic Paramount Theatre, the Rhythm & Roots ReUnion (this years draw was over 60,000), NASCAR Night downtown, or summer series of Full Moon Concerts in the outdoor spaces which occur each week, Bristol's downtown is a "Happening Place".
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,500 SF
Property Condition: Good
Year Built: 1930
Year Renovated: 2000
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Strong use wood accents the brick structure.
Parking Type: Other
Parking Description: Parking is established on the street and with two public parking lots within 50 yards of the building.
Freight Elevators: 1
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Heat Pump
Air Conditioning: Engineered System
Internet Access: Cable, T1/T3
Interior Description: Excellent fit and finish of tile floors and natural hardwood appointments, siding and trim.
Zoning Description: B-2
Lot Frontage: 47'
Lot Depth: 111'
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: normal utilities easements
Land Ownership: Fee Simple
Legal Description: Upon request.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,753 37,931 55,300
Median Age: 39.11 40.96 42.13
Households: 3,560 16,481 23,741
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