Property profile

2031 Broad St Bristol, TN 37620

OFF-MARKET
Commercial real estate
Property ID
US80-2433313
43,577 SF 4.57 ac lot Built 1910
Individually Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 43,549 square foot commercial property located at 2031 Broad Street, Bristol, Tennessee presents a remarkable investment opportunity. Situated on a generous 4.57-acre lot, this expansive building boasts 89 parking spaces and a full-size gymnasium measuring 60x75 feet. Its previous use as Rosemont Elementary School offers a versatile foundation for a multitude of redevelopment possibilities. City officials have confirmed the suitability of the property for diverse applications, including apartments, daycare centers, restaurants (with both indoor and outdoor dining options), churches, and fitness facilities. The property's strategic location offers convenient access to the area's amenities, with the new Hard Rock Casino and Hotel just a 10-minute drive away. This presents a unique chance for developers to capitalize on the building's size, existing infrastructure, and prime location. All information is believed to be accurate but is not guaranteed. Prospective buyers are strongly encouraged to independently verify all details. The property is offered at $1,200,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1910
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 43,577 SF
Lot 4.57 ac (199,069 SF)
APN 082020C L 02800
UPID US80-2433313

Cap rate & NOI

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

Location

2031 Broad St Bristol, TN 37620-1968
Bristol metro Census 42703 KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2020
Last sale
$200,000
2 recorded transactions
2020
$200,000
2011
$253,000

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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