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    Property profile & analytics
    OFF-MARKET Estimated value $1,180,000
    Office Spaces

    3341 Weaver Pike, Bristol, TN 37620-8393

    34,250 SF 5.62 ac lot Built 1930
    Individually Owned 6-yr Hold Absentee Owner Free & Clear
    Property ID
    US80-2920152
    Property summary
    AI-generated overview

    This exceptional property presents a unique investment opportunity in Bristol, Tennessee. Located at 3341 Weaver Pike, this former elementary school offers a substantial 40,640 square foot building situated on a generous 5.54-acre lot. Built in 1930, the single-story structure is zoned PBD 3, allowing for a diverse range of potential uses. Permitted uses under this zoning include multi-family dwellings, childcare facilities, religious facilities, general retail trade, and self-storage, among others. The asking price is $550,000, translating to $13.53 per square foot. The property's substantial size and flexible zoning make it an ideal candidate for adaptive reuse, offering significant potential for developers and investors seeking a large-scale project with considerable upside. The property's location in Sullivan County, Tennessee, provides convenient access to local amenities and transportation networks. The property's APN is 069 015.00 and the zip code is 37620. This is a rare chance to acquire a significant piece of Bristol's history and transform it into a thriving modern facility. The property is currently vacant and ready for immediate development. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1930
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 34,250 SF
    Lot 5.62 ac (244,807 SF)
    APN 082069 01550
    UPID US80-2920152
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.32M
    Blend (final) Blend
    $1.18M
    Owner & transaction history
    LEWIS BLAIN
    LEWIS BLAIN
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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