3101 Hwy 421 Bristol, TN 37620-8182
This exceptional 2,600 square foot commercial property, situated on a 1.23-acre lot at 3101 Highway 421 in Bristol, Tennessee, presents a compelling investment opportunity. Conveniently located just three miles from Bristol's city limits, this B3-zoned property enjoys proximity to the Hard Rock Casino and South Holston Lake, offering significant potential for a variety of commercial ventures. The building has undergone a substantial renovation, boasting a brand-new roof and gutters, ensuring long-term structural integrity. Further enhancements include the installation of two new vacuum systems, a completely updated septic system, and new water lines, significantly improving the property's functionality and efficiency. These recent upgrades minimize immediate maintenance needs, allowing for a seamless transition for the new owner. The ample 1.23-acre lot provides considerable space for expansion or outdoor activities, adding to the property's overall value and versatility. The B3 zoning opens doors to a wide range of commercial uses, making this property an attractive prospect for entrepreneurs and investors alike. All information provided is based on tax records and owner statements and should be independently verified by the buyer. The asking price for this meticulously updated commercial property is $489,850.
B-3 Districts (General Business). PBD Districts (Planned Business District). M-1 Districts (Light Industrial/Business). M-2 Districts (General Industrial). M-3 Districts (Heavy Industrial). MH Districts (Mobile Home Park). F-1 Districts (Flood Plain). PRD Districts (Planned Residential). District boundaries are hereby established as shown on the most current…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Bristol, TNB-3 Districts (General Business). PBD Districts (Planned Business District). M-1 Districts (Light Industrial/Business). M-2 Districts (General Industrial). M-3 Districts (Heavy Industrial). MH Districts (Mobile Home Park). F-1 Districts (Flood Plain). PRD Districts (Planned Residential). District boundaries are hereby established as shown on the most currently updated edition of the "Zoning Map of Bristol, Tennessee." Where uncertainty exists with respect to the boundaries of any of the aforesaid districts, the following rules shall apply: A. Where district boundaries are indicated as approximately following the centerlines of streets, alleys, highways, or railroad rights-of-way; or of such lines extended; such centerlines or their extensions shall be construed to be such boundaries. B. Where district boundaries are indicated as approximately following the corporate limits lines of the City of Bristol, Tennessee, such corporate limits lines shall be construed to be such boundaries. C. Where district boundaries are indicated as approximately following property lines or such lines extended, such property lines or such lines extended shall be construed to be such boundaries. D. Where district boundaries are indicated as approximately following the centerlines of streambeds, such centerlines shall be construed to be such boundaries. E. Where district boundary lines appearing on the Zoning Map divide a lot in single ownership at the time of the enactment of this Ordinance, the requirements for the district in which the greater portion of the lot lies shall be extended to the balance of the lot, provided that this provision shall not apply to a double frontage lot. In the case of a double frontage lot, the provisions of the district in which each part of such lot is situated shall apply.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
