Property profile

3341 Weaver Pike Bristol, TN 37620

OFF-MARKET
Office Spaces
Property ID
US80-2920152
34,250 SF 5.62 ac lot Built 1930
Individually Owned 6-yr Hold Absentee Owner Free & Clear
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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

Location

3341 Weaver Pike Bristol, TN 37620-8393
Bristol metro Census 43202 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
$1.32M
Blend (final) Blend
$1.18M

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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