Night Club with Vacant
For Sale
Contact for pricing
2910 Bristol Hwy, Johnson City, TN
Night club with parking and adjacent 1.98-acre vacant lot.
Property Size12,884 SF
Lot Size1.38 Acres
Price / SF$143.98
Days on Market338
Property Features for 2910 Bristol Hwy
General Information
Standard status
Active
Size
12,884 SF
Lot size
1.38 Acres
Property subtype
RETAIL
Listing Agency:
Mitch Cox Realtor, Inc.
(423) 943-0530
Listed By:
Shannon K. Castillo · License #328830
(423) 943-0530
Source:
Moodyscre
Added: Sep 8, 2025
Changed: Aug 8
Last Checked: May 19 at 9:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mitch Cox Realtor, Inc.
Investment Insights
Based on property information with market context.
A night club is available for sale on Bristol Hwy, situated in a dense retail district. The property features a 12,884 square foot building accompanied by a large paved parking lot and an adjacent 1.98-acre vacant lot. The sale includes the business. Inside the building, multiple seating areas, bars, a stage, a dance floor, a DJ booth, and a commercial kitchen equipped with appliances and a hood system are present. A covered outdoor patio provides additional seating.
Key Highlights
- 12,884 SF building with existing nightclub infrastructure including seating areas, bars, stage, dance floor, and DJ booth.
- Includes an adjacent 1.98‑acre vacant lot, offering expansion or development opportunities.
- Business included in the sale, providing immediate operational potential.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,517
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,550,340
$1.6M
Cap Rate 7%
$1,107,386
$1.1M
Cap Rate 9%
$861,300
$861.3K
Market Conditions
NOI Build-Up for 12,884 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$116.0K $9.00/SF
− Vacancy
−$5.2K −$0.41/SF
EGI
$110.7K $8.59/SF
− OpEx
−$33.2K −$2.58/SF
NOI
$77.5K $6.02/SF
Area
Washington County, TN
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,550,340
Cap Rate 7%
$1,107,386
Cap Rate 9%
$861,300
Alternative Uses
Best Use
Specialty Retail
$3.05M
$2.67M – $3.56M
NOI $213,730 @ 7.0% cap · market cap 11.52%
Second Best
Retail
$2.88M
$2.52M – $3.36M
NOI $201,559 @ 7.0% cap · market cap 10.87%
Theoretical Best
Office A
$5.43M
$4.75M – $6.34M
NOI $380,336 @ 7.0% cap · market cap 20.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
210k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 34%
Superstores 8%
Groceries 7%
Pal's Sudden Service
Dining
27,982 visits/mo
0.5 miles
Shell
Shops & Services
21,275 visits/mo
0.1 miles
SONIC Drive In
Dining
18,660 visits/mo
0.4 miles
Ollie's Bargain Outlet
Shops & Services
18,309 visits/mo
0.2 miles
Big Lots
Superstores
17,696 visits/mo
0.1 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Holiday Mart — 2506 N Roan St, Johnson City, TN 37601
- Holiday inn — 101 W Springbrook Dr, Johnson City, TN 37604
- The Crow Bar — 123 E Springbrook Dr, Johnson City, TN 37601
- New Beginnings — 2910 Bristol Hwy, Johnson City, TN 37601
- Tavern Room 38 — 2531 N Roan St, Johnson City, TN 37601
Frequently Asked Questions
What type of property is this?
Bar & Pub - Night club with parking and adjacent 1.98-acre vacant lot.
Where is this bar & pub located?
The property is located at 2910 Bristol Hwy Johnson City, TN.
What is the asking price?
The asking price for this property is $1,855,000.
What are key features of this property?
This property features: 12,884 SF building with existing nightclub infrastructure including seating areas, bars, stage, dance floor, and DJ booth.; Includes an adjacent 1.98‑acre vacant lot, offering expansion or development opportunities.; Business included in the sale, providing immediate operational potential.
