Spiegel Building

Retail-Commercial for Sale
Catylist Listing ID: 30103380
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 4,550 SF
Gross Land Area: 3,360 SF
Sale Price: $269,900
Unit Price: $59.32 PSF
Property Use Type: Vacant/Owner-User
Building Name: Spiegel Building
Usable Size (USF): 4,550 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/25/2017

Overview / Comments

TCI Group, Lowry & Foster, Inc. is proud to bring you another business opportunity in downtown Bristol. The building at 828 State Street has been sitting for a number of years and is now available as the Owner is clearing out the building and making it ready for your renovation! The two story building has several rooms downstairs with one restroom and a number of unique features. The upstairs has several offices and large rooms which were used in the previous business. With a State Street address and having it's own parking in the back with alley access and a drive thru to State Street, this property will create a great business opportunity. Call today for more information and a private confidential showing.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan
Taxing Authority: Sullivan County
Tax ID/APN: 020D E 007.00
Zoning: B-2
Retail Clientele: General, Business, Traveler, Tourist
Property Located Between: Ralph Peer Street and 8th Street
Property Visibility: Excellent
Largest Nearby Street: Ralph Peer Street
Highway Access: State Street has a number of Highway designations, and this property is less than 100 yards from Volunteer Parkway/Commonwealth Ave
Airports: TRI - Tri Cities Regional Airport; Highlands Community Airport
Site Description: Level lot, all paved with parking in the rear. Property, as is most of State Street is in the flood plain.
Area Description: Downtown Bristol continues to grow and prosper. With two new hotels coming into the downtown area, there is much excitement about what else will follow this type of expansion. Zoned B-2
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,250 SF
Property Condition: Fair
Year Built: 1930
Year Renovated: 1970
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Concrete block building
Total Parking Spaces: 5
Parking Type: Surface
Parking Description: 5 parking spaces at the rear of the property.
Sprinklers: None
Heat Type: Electricity
Heat Source: Radiant
Air Conditioning: Window Unit
Internet Access: Cable, Gigabit
Interior Description: Currently the building is being scheduled to be cleaned out and will available for Showings in near the first of June 2017.
Zoning Description: B-2 General business. Zoned the same as much of downtown Bristol.
Lot Frontage: 24'
Lot Depth: 140'
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Easements for water and sewer
Land Ownership: Fee Simple
Legal Description: Upon request.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,501 36,080 55,300
Median Age: 39.07 40.87 42.13
Households: 3,876 15,677 23,741

Source

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