1009 Volunteer Parkway

Retail-Commercial for Sale
Catylist Listing ID: 28841518
Property Subtypes: Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Street Retail, Vehicle Related, Other
Building Size (RSF): 3,200 SF
Gross Building Area: 3,800 SF
Gross Land Area: 0.30 Acres
Sale Price: $169,900
Unit Price: $53.09 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Volunteer Plaza II
Usable Size (USF): 3,800 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/15/2017

Overview / Comments

With line of sight from either direction of Volunteer Parkway, this elevated property has great visibility and access to some of the highest traffic counts in Bristol, Tennessee. Located in front of Sonic, across from McDonalds and within walking distance to Taco Bell, we are definitely in a "sweet" spot with fast food franchises on nearly every side. The property has a unique layout which could even provide for a Owner/operator on site. Currently, the site is being cleaned out from the former Tenant and is in ever improving condition. A small older block home on the property could allow for an Owner/Operator, as the garage building provides good open space, two 8x10 garage doors, a full glass door, and restroom, which sites next to a block building which has a full bath and a half bath as well as an excellent opportunity for an expanding business. Two other out buildings provide lots of storage space. Call today for a private showing. Less than 3 miles from State Street and downtown Bristol.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan
Taxing Authority: Sullivan County
Tax ID/APN: 037D B 009.00
Zoning: B-3
Market Type: Small
Retail Clientele: General, Family, Business, Other
Side of Street: South
Road Type: Paved, Highway
Property Visibility: Excellent
Largest Nearby Street: Volunteer Parkway
Feet of Frontage: 170
Transportation: Bus, Highway, Taxi
Highway Access: Volunteer Parkway is a 4 lane highway separated by a median, lies parallel in front of the subject property and is the main thoroughfare through Bristol, Tennessee. It handles traffic from I-81 to Bristol Motor Speedway and the surrounding area.
Airports: TRI - Tri Cities Regional Airport
Site Description: The subject property is elevated above the 4 lane highway which provides excellent visibility in both directions. Much of the property is covered with asphalt and has very little grass. Also, the property has good lighting and can be seen from a distance.
Area Description: The subject property is located along Volunteer Parkway in an area where fast food franchises are very prevalent. Adjacent to the property is a strip center and a department store.
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Number of Stories: 1
Typical SF / Floor: 1,200 SF
Property Condition: Good
Roof Type: Gable
Construction/Siding: Block, Metal/Glass
Exterior Description: The garage building on the property is a steel building with 2 8x10 garage doors and a commercial glass entrance door. The office building is constructed of Block and has a number of windows and two commercial glass entrance doors. The house is an older design, much of which is block and frame. An additional out building is a garage style with an entrance door and an 8x9 garage door.
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Nearly the entire lot is asphalted, no parking spaces are laid out, however much of the over site is available for parking.
Sprinklers: None
Heat Type: Electricity, Suspended Radiant Heaters
Heat Source: Baseboard, Wall Units, Heat Pump
Air Conditioning: Package Unit, Window Unit
Internet Access: Cable, DSL, Satellite
Interior Description: All the buildings are currently being cleaned out and will be provided "broom clean" or better.
Zoning Description: B-3, which is a general business zoning and allows a great amount of flexibility for retail/wholesale sales, offices, restaurant and a number of service industries. Full zoning available on
Lot Frontage: 170'
Lot Depth: 81+
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Easements Description: Property boundaries are in line with the Volunteer Parkway right of ways which contain utilities.
Land Ownership: Fee Simple
Legal Description: See Attached

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,272 37,693 54,093
Median Age: 44.59 40.81 42.21
Households: 2,770 16,356 23,327

Source

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