Lee Highway Medical Property

Expired Office for Sale
Catylist Listing ID: 29994599
Property Subtypes: Institutional, Medical, Office Building, Research & Development
Building Size (RSF): 4,408 SF
Gross Building Area: 8,800 SF
Gross Land Area: 1 Acre
Sale Price: $699,000
Unit Price: $158.58 PSF
Property Use Type: Business
Building Name: Lee Highway Medical
Class of Space: Class A
Usable Size (USF): 4,408 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Expired On: 10/8/2017
Last Updated: 10/8/2017

Overview / Comments

This facility boosts having room for expansion on the second floor, but more importantly the main floor is already for an established practitioner. The building is well laid out and has been previously used as a doctors office, and it's last use as a medical lab is well suite due to the number of rooms and floor space alignment. With ample parking in front for patients and more than adequate parking in the back for employees this site has it all, as we are less than 600 yards from the The Highlands (Target Center) and directly across the street from John Battle High School. Property is only taxed by Washington County, Virginia even though you are within sight of Bristol, Virginia near Exit 7.

Attachments & Media

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Washington
Taxing Authority: Washington County, Virginina
Tax ID/APN: 142 A 28A
Zoning: B-2
Property Located Between: Exit 7 & Exit 10, I-81, Bristol, Virginia
Property Visibility: Excellent
Highway Access: Two lane access on to Lee Highway,
Airports: TRI - Tri Cities Regional Airport; Highlands Community Airport
Site Description: Level site with road height along one of busiest portions of Lee Highway.
Area Description: Developed commercial area, located directly across Lee Highway from John S. Battle High School, and within a 1,000 yards of The Highlands (Target Center) and Sugar Hollow Park, as well as one of the larger subdivision in this area (Lowry Hills).
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,408 SF
Year Built: 2006
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: White, 2 story frame building, covered with vinyl.
Parking Type: Surface
Parking Description: Unmarked area in the front 144' x 100', rear area 130' x 50'
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Engineered System
Internet Access: Cable, DSL, Satellite, Gigabit, Dialup
Interior Description: Office has a high level of finish and is well suited for a medical office.
Zoning Description: B-2, suitable for most business uses and medical offices.
Lot Frontage: 140'
Lot Depth: 325'
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Easements Description: Easements for power lines and water lines
Land Ownership: Fee Simple
Legal Description: Available

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 12,264 38,343
Median Age: 43.51 41.8
Households: 5,246 16,437


Photograph of Listing Agent

Richard S. Armstrong, III

TCI Group - Lowry & Foster, Inc.
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