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Property profile & analytics
FOR LEASE
Retail space

628 State St Bristol, TN 37620

21,060 SF 44 ac lot Built 1929
Entity Owned 5-yr Hold Free & Clear
Property ID
US80-0593252
Property summary
AI-generated overview

This exceptional 21,060 square foot vacant retail space, located at 628 State Street in Bristol, Tennessee, presents a unique investment opportunity. The property, built in 1929, boasts a versatile layout suitable for a variety of uses, including restaurant, storefront, or bar operations. Its prime location on State Street places it within a bustling and vibrant area known for its strong sense of community and high foot traffic. The building sits on a 7,841 square foot lot, offering ample space for outdoor seating or other potential uses. The property's vacant status allows for complete customization to suit a prospective tenant's specific needs and vision. This mixed-use potential offers a diverse range of income streams, providing a more stable investment compared to single-use properties. The property's rich history and location in Sullivan County, Tennessee, zip code 37620, combine to create a compelling investment proposition. The building's substantial size and versatile nature make it ideal for a large-scale operation or a creative redevelopment project. This is a rare opportunity to acquire a significant commercial property in a thriving Tennessee community. The property's location offers excellent visibility and accessibility, ensuring a strong potential for success. Serious inquiries are encouraged to explore the possibilities this property offers.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1929
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 21,060 SF
Lot 44 ac (1,916,640 SF)
APN 082020D F 00500
UPID US80-0593252
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
$685k
CAP Approach CAP
by Request
Comparable Approach Comparable
$765k
Blend (final) Blend
$485k
Owner & transaction history
Montgomery LLC · 5 yrs held
Montgomery LLC
since 2021
Last sale
$570,000
3 recorded transactions
2021
$570,000
2010
$513,600
2003
$132,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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