Current Use by Public Records
- Mountain Empire Promotions / (Bike/Boat/Book/etc) Store
Property Details for 4521 Bristol Hwy
- Year built
- 1984
- Lot size
- 1.24 lot acres
- Property type
- Office Spaces
Description
This fee-simple office building, totaling 15,313 square feet, is situated on a 1.24-acre lot in Piney Flats, Tennessee (Sullivan County, zip code 37686), at 4521 Bristol Hwy. Built in 1984 and renovated in 2005, the property boasts a 100% occupancy rate with a current asking price of $1,700,000 ($111.02/sq ft). The property features a brand new 5-year lease with American Fundraising Group, an absolute NNN lease with zero landlord responsibilities, generating a net operating income (NOI) of $150,000 and an 8.82% cap rate. The B-4 General Commercial zoning allows for diverse uses. The location benefits from high visibility and accessibility on Bristol Highway (25,700 vehicles per day) and proximity to Interstate 26 (37,500 vehicles per day), placing it within a thriving retail corridor alongside national tenants such as Tractor Supply Co, Dollar General, Food City, Shell, and Cracker Barrel. The 10-mile trade area encompasses a population exceeding 167,100 residents and 102,200 employees, with a strong average household income of $119,053 within a 3-mile radius. This presents a compelling investment opportunity with strong demographics and minimal management requirements.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Piney Flats
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.3476
- Latitude
- 36.4031
