Mixed-Use Building with
For Sale
$1,200,000
Pending
16 18 20 6th Street, Bristol, TN 37620
Commercial Sale, Bristol, TN
Property Size10,350 SF
Days on Market48
Property Features for 16 18 20 6th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B2
Directions
From Volunteer Parkway, turn onto Anderson Street, left on 6th Street
Subdivision
103 - Bristol TN (City)
Standard status
Pending
APN
020d F 014.00/020d F 014.50/020d F 015.0
Size
10,350 SF
Taxes and HOA fees
Tax Annual Amount
2630
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
individual split-system heating and air conditioning
stackable washer and dryer
grand entrance
spacious hallway
Building Details
Year built
1905
Building materials
Brick
Listing Agency:
The Addington Agency Bristol
(423) 845-5800
Listed By:
Lisa Lundberg · License #334705
(423) 677-7989
Added: Aug 29
Changed: Oct 8
Last Checked: Oct 15 at 4:06AM
MLS# 10000198
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 10,350-square-foot mixed-use property at 16, 18 and 20 6th Street combines six individually designed lofts with three street-facing commercial spaces. Built in 1905 with brick construction, the building includes a prominent entry and expansive interior hallway. Each loft is equipped with split-system heating and air conditioning plus a stackable washer and dryer. One of the commercial spaces operates as a restaurant, and all three commercial spaces are leased.
Located in downtown Bristol, the property places residents, businesses, dining, entertainment and other downtown amenities within walking distance. B2 zoning, public water and public sewer support the existing mixed-use configuration. The combination of residential units and leased commercial space creates a diversified property profile within a well-maintained building.
Located in downtown Bristol, the property places residents, businesses, dining, entertainment and other downtown amenities within walking distance. B2 zoning, public water and public sewer support the existing mixed-use configuration. The combination of residential units and leased commercial space creates a diversified property profile within a well-maintained building.
Key Highlights
- 10,350‑square‑foot mixed‑use building constructed in 1905
- Six lofts with individual split‑system heating and air conditioning
- Each loft includes a stackable washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,451
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,189,020
$2.2M
Cap Rate 7%
$1,563,586
$1.6M
Cap Rate 9%
$1,216,122
$1.2M
Market Conditions
NOI Build-Up for 10,350 SF
Gross rent
$155.3K $15.00/SF
− Vacancy
−$9.3K −$0.90/SF
EGI
$145.9K $14.10/SF
− OpEx
−$36.5K −$3.53/SF
NOI
$109.5K $10.58/SF
Area
Sullivan County, TN
Vacancy
6.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,189,020
Cap Rate 7%
$1,563,586
Cap Rate 9%
$1,216,122
Alternative Uses
Best Use
Retail
$2.28M
$2.00M – $2.67M
NOI $159,914 @ 7.0% cap · market cap 13.33%
Second Best
Specialty Retail
$1.56M
$1.37M – $1.82M
NOI $109,451 @ 7.0% cap · market cap 9.12%
Theoretical Best
Office A
$3.88M
$3.39M – $4.52M
NOI $271,312 @ 7.0% cap · market cap 22.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,213
Businesses Nearby
Explore this area
Business Placement
Demographics for 37620, TN
38,245
Population
18,119
Households
2.1
Avg Household Size
45
Median Age
26%
College-Educated
90%
High-School Grad
128.2 sq mi
ZIP Area
298
Density / Sq Mi
$54,908
Median Household Income
$36,017
Median Earnings
$809
Median Rent
$175,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Six lofts and three leased commercial spaces combine residential and business uses in downtown Bristol.
Where is this mixed-use property located?
The property is located at 16 18 20 6th Street Bristol, TN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 10,350‑square‑foot mixed‑use building constructed in 1905; Six lofts with individual split‑system heating and air conditioning; Each loft includes a stackable washer and dryer
