Downtown Bristol Building & Parking Lot 26 7th St 60,000 SF Retail Building Bristol, TN 37620 $3,500,000 ($58.33/SF)
INVESTMENT HIGHLIGHTS
- Located in a Qualified Opportunity Zone
- 2,000 lb capacity freight elevator
- New rubber membrane roof installed in 2011
- 76+/- parking spaces convey with the building
- Half-ton overhead crane
- Wet sprinkler system
EXECUTIVE SUMMARY
Historic mixed-use building is available for sale at the corner of 7th Street and Shelby Street in Downtown Bristol, TN. Two parking lots are included, offering a total of approx. 76 private parking spaces. Also included is a 2,000-lb capacity freight elevator and an overhead crane. The property has a wet sprinkler system, and a new rubber membrane roof was installed in 2011.
The property is located one block from State Street in a Qualified Opportunity Zone, and is zoned B-2, making it a great redevelopment opportunity.
From I-81: Take exit 3, then merge onto I-381 S, and continue onto Commonwealth Ave. In 2 miles, turn left onto Goode St. In 0.2 miles, turn right onto Piedmont Ave. At the traffic light, continue straight onto 7th St. Subject is on the right, at the intersection of Shelby St.
The property is located one block from State Street in a Qualified Opportunity Zone, and is zoned B-2, making it a great redevelopment opportunity.
From I-81: Take exit 3, then merge onto I-381 S, and continue onto Commonwealth Ave. In 2 miles, turn left onto Goode St. In 0.2 miles, turn right onto Piedmont Ave. At the traffic light, continue straight onto 7th St. Subject is on the right, at the intersection of Shelby St.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
60,000 SF
Building Class
B
Year Built
1913
Price
$3,500,000
Price Per SF
$58.33
Tenancy
Single
Building Height
3 Stories
Slab To Slab
14’
Building FAR
1.50
Lot Size
0.92 AC
Opportunity Zone
Yes
Zoning
B-2
Parking
76 Spaces (1.27 Spaces per 1,000 SF Leased)
Frontage
96’ on 7th St
AMENITIES
- Signage
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 020D-E-019.00 | Improvements Assessment | $174,320 |
| Land Assessment | $35,920 | Total Assessment | $210,240 |
