Restaurant Building with Commercial
1840 Volunteer Parkway, Bristol, TN 37620
For Sale
$400,000
Commercial Sale, Bristol, TN
Property Size1,746 SF
Lot Size0.45 Acres
Price / SF$229.10
Days on Market125
Property Features for 1840 Volunteer Parkway
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Roof type
Buildings
Listing Agency:
LPT Realty - Griffin Home Group
Listed By:
Jim Griffin · License TN #310406
(423) 482-0743
Added: Jul 9
Changed: Nov 6
Last Checked: Nov 10 at 5:06PM
MLS# 9997938
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.
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Investment Insights
Based on property information with market context.
This 1,746-square-foot restaurant property occupies a 0.45-acre lot and includes a commercial kitchen with industrial sinks, one full bathroom, and three large interior rooms. The building has updated floors, a new heat pump, central air, brick construction, an asphalt roof, and public water and sewer. Kitchen equipment is negotiable and does not convey. A covered front porch and rear patio provide additional space for seating or service functions.
The property is located at 1840 Volunteer Parkway in Bristol, Tennessee, along a business corridor that receives thousands of vehicles each day. A separate rear driveway and two-car carport support deliveries, employee access, and additional parking. The site has a history of restaurant and wellness-related operations, including a sub shop and massage spa.
The property is located at 1840 Volunteer Parkway in Bristol, Tennessee, along a business corridor that receives thousands of vehicles each day. A separate rear driveway and two-car carport support deliveries, employee access, and additional parking. The site has a history of restaurant and wellness-related operations, including a sub shop and massage spa.
Key Highlights
- 1,746‑square‑foot commercial restaurant building on 0.45 acres
- Commercial kitchen with industrial sinks; equipment is negotiable and does not convey
- Covered front porch and rear patio offer additional functional space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,464
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,280
$369.3K
Cap Rate 7%
$263,771
$263.8K
Cap Rate 9%
$205,156
$205.2K
Market Conditions
NOI Build-Up for 1,746 SF
Gross rent
$26.2K $15.00/SF
− Vacancy
−$1.6K −$0.90/SF
EGI
$24.6K $14.10/SF
− OpEx
−$6.2K −$3.53/SF
NOI
$18.5K $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%
$369,280
Cap Rate 7%
$263,771
Cap Rate 9%
$205,156
Alternative Uses
Best Use
Specialty Retail
$263.8K
$230.8K – $307.7K
NOI $18,464 @ 7.0% cap · market cap 4.62%
Second Best
Industrial
$165.2K
$144.6K – $192.7K
NOI $11,564 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$653.8K
$572.1K – $762.8K
NOI $45,769 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
1k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Safelite AutoGlass
Shops & Services
677 visits/mo
0.2 miles
Fisher Auto Parts
Shops & Services
445 visits/mo
0.1 miles
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
$175,500
Median Home Value
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Market
Average Price Trend$/SF for Conventional restaurants in Sullivan County, TN
Properties on Market for Conventional restaurants in Sullivan County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - B-3-zoned property with dining-oriented space, outdoor areas, and separate rear access.
Where is this conventional restaurant located?
The property is located at 1840 Volunteer Parkway Bristol, TN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,746‑square‑foot commercial restaurant building on 0.45 acres; Commercial kitchen with industrial sinks; equipment is negotiable and does not convey; Covered front porch and rear patio offer additional functional space
