Property profile

1 Centre Dr Bristol, TN 37620

OFF-MARKET
Industrial properties
13,500 SF 72 ac lot Built 1980
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Property summary

AI-generated overview

This exceptional 72-acre property in Bristol, Tennessee, presents a unique investment opportunity. The main building, totaling 13,500 square feet of net rentable space, was constructed in 1980 and extensively renovated in 2016. Boasting a 9-foot ceiling height, the building features a commercial kitchen with walk-in cooler and freezer, a bar in the social hall, a large meeting room (suitable for dining, office space, or an apartment), seven private offices, and a sizable room with a roll-up overhead door (ideal for storage, a studio, or event space). The property also includes approximately 130 paved parking spaces and a brick-paved veranda with a fireplace and pergola. The site is conveniently located equidistant from Bristol Motor Speedway, South Holston Lake, Harrah's Casino, and downtown Bristol, offering unparalleled versatility. Zoned M-2 Industrial, the property allows for numerous uses, including event venues, religious facilities, restaurants, RV parks, sports camps, or residential development. Approximately 10-15 acres near the building are buildable, with potential for short-term rentals, additional structures, or permanent housing. A large sloping hillside could even serve as an amphitheater. The property is accessed via a gated private drive off US Highway 421. Offered at $1,200,000 ($88.89/sq ft), this fee-simple ownership presents a rare chance to acquire a substantial property with significant upside potential in a thriving location. The single-story building sits on a 72-acre lot.

Property profile

Verified
Property type Industrial properties
Year built 1980
Total area 13,500 SF
Lot 72 ac (3,136,320 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Wedding Service

Location

1 Centre Dr Bristol, TN 37620
Bristol metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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