1836 Volunteer PkwyBristol, TN 37620

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 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.

• 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

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

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