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#28-32 6th ST Bristol, TN 37620
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Key Details
Sold Price $1,525,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 11,000 sqft
Price per Sqft $138
Subdivision Not In Subdivision
MLS Listing ID 9976783
Sold Date 06/04/25
HOA Y/N No
Total Fin. Sqft 11000
Year Built 1910
Lot Dimensions 51 x 82
Source Tennessee/Virginia Regional MLS
Property Description
MAJOR PRICE REDUCTION!! Seize the opportunity here in ''THE CORNERSTONE'' building--- a mixed use opportunity and a true gem of Bristol history!! This 1910 historic brownstone structure boasts three stories with 12 residential units, and two main floor commercial spaces, along with an expansive unfinished basement area currently used as workshop space and storage. The Cornerstone is located just off of State Street, within walking distance to all that downtown Bristol has to offer in the form of food, drink, and entertainment! Five of the 12 residential units are currently in use as short-term rentals, boasting a monthly average income of $5,135. The remaining residential units gross $8,792 monthly. Finally, the main level commercial space is sizable and full of natural light--- the perfect ''corner'' location for a potential salon, studio, aesthetician, etc. This space was previously rented at $1300 monthly with room for increase. This amazing opportunity in downtown Bristol is a true UNICORN, in that you won't find another historic property with this many residential units in the same footprint! She is a BEAUTY and she is a BEAST! If you're looking to make your mark and stake your claim on a fantastic investment opportunity in the Tri-Cities, take a look! The numbers don't lie, and there is potential for cash-flow increase with rent manipulation, further renovation, etc. What a SWEET spot in Bristol to grow your portfolio!
Location
State TN
County Sullivan
Community Not In Subdivision
Zoning Commercial
Direction From Anderson Street, turn LEFT on 6th Street at the Bristol Post Office. Building is straight ahead at the intersection of 6th and Shelby--- parking in rear public lot or street parking first come, first served.
Interior
Heating Heat Pump
Cooling Heat Pump, Wall Unit(s)
Equipment Basement, Dryer, Fire Sprinkler System, Smoke Detector(s), Washer
Heat Source Heat Pump
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Rubber
Road Frontage City Street
Building
Sewer Public Sewer
Water Spring
Structure Type Block,Stone,Stucco
New Construction No
Others
Senior Community No
Tax ID 020d F 019.00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Jennifer Hyder • Berkshire Hathaway Greg Cox Real Estate