1836 Volunteer PkwyBristol, TN 37620

  • Retail properties
  • 7,424 SF
For Lease
$12/SF/YR View listing

Property Details for 1836 Volunteer Pkwy

Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
226.00 AC
Property size (Sq ft)
7,424 SF
Property type
Retail properties
Property subtype
Retail space
APN
082053A G 01310
APU
082053AG01310

Description

This 3,200 square foot single-tenant building, situated on 0.9 acres in Sullivan County's Tri-Cities submarket (Bristol - Bristol Motor Speedway cluster), presents a unique investment opportunity. Constructed in 1985 and extensively renovated in 2020, the property boasts a 16-foot ceiling height and a completely open floor plan due to its free-span construction, offering exceptional flexibility for various uses. The building is fully spray-foamed for superior insulation. While previously used as business offices, the recent renovations have prepared it for retail or flex space. Its location within two miles of the Bristol Motor Speedway ensures high daily traffic counts, making it an ideal location for businesses seeking high visibility. The property is classified as Class C and features one single-story building. Parking is shared. The building is serviced by BTES power and does not include elevators. The property is currently entirely vacant and ready for immediate occupancy. This adaptable space offers a compelling combination of location, flexibility, and recent renovations, making it an attractive option for a wide range of businesses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,105,955
    6.5%
    $1,943,959
    7%
    $1,805,105
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,540,269
    Geo Method
    $1,540,269
  • Alternative Use

    Use
    Valuation
    Residential
    $1,639,802
    Hospitality
    $1,502,050
    Educational
    $1,249,688
    Medical
    $1,292,666
    Retail
    $1,943,959
1836 Volunteer Pkwy, Bristol, Tennessee

Location Insight

City
Bristol
County
Sullivan
State
Tennessee
Latitude
36.5504
Longitude
-82.224
CBSA code
28700
CBSA name
KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$75,680
$104,960
$180,640
-
$189,200
$262,400
$451,600

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