514 State StBristol, TN 37620

Property Details for 514 State St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

21.00 AC

Property size (Sq ft)

3,120 SF

Property type

Retail space

APN

082021A A 04900

APU

082021AA04900

Description

This exceptional retail opportunity presents a 3,120 square foot, two-story building situated on the highly visible State Street in the heart of downtown Bristol, Tennessee. The property, identified by APN 021A A 04900, is zoned B-2 and offers a single-tenant occupancy within a mixed-use structure. Built in 1900, the building sits on a 0.05-acre lot and boasts a total of 3,120 square feet of vacant space, spread across two stories. The entire building is currently available for lease. Its location within the bustling downtown area provides unparalleled exposure to a high volume of pedestrian and vehicular traffic. Surrounded by a thriving mix of local businesses, restaurants, and cultural attractions, this property is perfectly positioned to capitalize on the vibrant energy of Bristol's downtown scene. The property's address is 514 State Street, Bristol, TN 37620. This is an ideal location for a wide variety of retail businesses seeking a prominent presence in a thriving community. The property's historical charm combined with its modern-day accessibility makes it a truly unique investment opportunity. The building's single-tenant configuration offers flexibility and control for the prospective occupant. This is a rare chance to establish a business in a highly desirable and well-established commercial district.

• CAP approach

  CAP return

  Valuation

  6%

  $885,046

  6.5%

  $816,965

  7%

  $758,611

• Comparable approach

  Method

  Valuation

  Relative Method

  $647,311

  Geo Method

  $647,311

• Alternative Use

  Use

  Valuation

  Residential

  $689,141

  Hospitality

  $631,249

  Educational

  $525,192

  Medical

  $543,254

  Retail

  $816,965

Location Insight

City

Bristol

County

Sullivan

State

Tennessee

Latitude

36.5947

Longitude

-82.1825

CBSA code

28700

CBSA name

KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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