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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
    $645k
    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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