$1,525,000
Bristol, TN 37620
MLS# 9976783
Status: Closed
13600 sqft
1 / 85
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!
Details
Maps
Location, Tax & Legal Info
Parcel ID: 020d F 019.00
Deed Book #: 3500
Deed Page #: 314
City Taxes: 1032.88
County Taxes: 1251.22
Contract Info
List Price/SqFt: 125
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 1700000
Current Price: $1,525,000
Listing Date: 2025-03-02
General Property Description
Acres: 0
Lease: No
Lot Size: 51 x 82
Zoning: Commercial
HOA Y/N: No
Stories: 3
Total SqFt Finished: 11000
Total SqFt Unfinished: 2600
# Parking Spaces: 0
Annual Lease $: 185100
Year Built: 1910
Total SqFt: 13600
Remarks & Misc
Directions: 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.
Property Condition
Above Average: 1
Updated/Remodeled: 1
Business Type
Residential: 1
Exterior Finish
Block: 1
Stone: 1
Stucco: 1
Other Equipment
Basement: 1
Dryer: 1
Fire Sprinkler System: 1
Smoke Detector(s): 1
Washer: 1
Roof
Rubber: 1
Road Access
City Street: 1
Electric Service
220 Volts: 1
Development Status
See Remarks: 1
Heating
Heat Pump: 1
Info Available
Leases: 1
Profit/Loss Statement: 1
AC
Heat Pump: 1
Wall Unit(s): 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer Connected: 1
Water Connected: 1
Water
Spring: 1
Sewer
Public Sewer: 1
Restrictions
See Remarks: 1
Easements
Flood Zone: 1
Financing
Cash: 1
Conventional: 1
Existing Finance
Conventional: 1
Sale Includes
Other: 1
Location Tax Legal Info
Street #: #28-32
Street Name: 6th
St Suffix: Street
County: Sullivan
State/Province: TN
Zip Code: 37620
Area: 103 - Bristol TN (City)
Subdivision: Not In Subdivision
Status Change Info
Date Pending: 2025-04-22
Sold Date: 2025-06-04
Sold Price: $1,525,000
Property Features
Property Condition: Above Average; Updated/Remodeled
Business Type: Residential
Exterior Finish: Block; Stone; Stucco
Other Equipment: Basement; Dryer; Fire Sprinkler System; Smoke Detector(s); Washer
Roof: Rubber
Electric Service: 220 Volts
Development Status: See Remarks
Heating: Heat Pump
AC: Heat Pump; Wall Unit(s)
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Water: Spring
Sewer: Public Sewer
Road Access: City Street
Info Available: Leases; Profit/Loss Statement
Restrictions: See Remarks
Easements: Flood Zone
Financing: Cash; Conventional
Existing Finance: Conventional
Sale Includes: Other
Listing Office: Prestige Homes of the Tri Cities, Inc.
Last Updated: June - 05 - 2025
Information deemed reliable but not guaranteed.