Piney Flats Retail Building

Retail-Commercial for Sale
Catylist Listing ID: 30282328
Property Subtypes: Free-Standing Building
Building Size (RSF): 6,040 SF
Gross Land Area: 1.02 Acres
Sale Price: $259,900
Unit Price: $43.03 PSF
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Building Name: Former Piney Flats Bicycle Shop
Usable Size (USF): 6,040 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/12/2018

Overview / Comments

Very functional building was previously subdivided into 3 retail bays - each having a private restroom and stockroom area. The bays have now been opened up and the building is one large retail floor with rear rooms for warehouse storage, repairs, and 3 restrooms.

Great site to potentially add a small warehouse expansion on the back if more distribution area is needed to accommodate the showroom floor area.

Building needs cosmetic improvements to include floor cover or slab paint, and wall cover but remains very visible and functional for a variety of retail, service, or distribution/showroom operations.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan
Taxing Authority: Sullivan County
Tax ID/APN: 124K D 18.0
Zoning: B-4, COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Recreation
Property Located Between: Johnson City Motor Mile and Bristol Motor Speedway
Property Visibility: Good
Largest Nearby Street: US Hwy 11E
Feet of Frontage: 200
Traffic/Vehicle Count: 25,973
Highway Access: 4-lane
Site Description: Large elevated site with 2-lane sloped entrance off 4-lane Hwy 11E and 2-lane entrance from rear 2-lane county road.
Area Description: Piney Flats is located midway between Johnson City and Bristol and is both a commuter route as well as a neighborhood trade center. The surrounding 3 mile radius has seen rapid growth in both single family and multi-family housing over the past 3 years.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1991
Year Renovated: 2005
Roof Type: Other
Construction/Siding: Metal/Glass
Exterior Description: Pre-engineered metal building with glass storefront windows on the front with 3 entrance doors. Rear facade has 2 overhead doors.
Total Parking Spaces: 22
Parking Ratio: 3 (per 1000 SF)
Parking Type: Surface
Parking Description: Asphalt
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Partially carpeted concrete slab, wood panel walls and drop 2X4 acoustical tile grid with recessed florescent lights.
Lot Frontage: 200
Lot Depth: 210
Water Service: Municipal
Sewer Type: Septic

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,442 7,217 26,891
Median Age: 42.47 41.29 42.63
Households: 590 2,988 11,334

Contact

The information presented herein is provided as is, without warranty of any kind. Neither Northeast Tennessee Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.