Janice S. Miller

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30680605
Property Subtypes: Convenience Store, Day Care Facility, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Status: Pending
Building Size (RSF): 8,394 SF
Gross Building Area: See Agent
Gross Land Area: 50 - 100 SF
Sale Price: $399,900
Unit Price: $47.64 PSF
Ceiling: 10 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: Joe Brown Bike Shop
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 3/22/2021

Overview / Comments

This 1902 property faces Cumberland Avenue; has 2 store fronts; office space; restaurant; retail. could be used as one; immediate occupancy. New floors; paint; lights, etc. heat/air gas and heat pump; restrooms; plenty of storage; dressing room; separate entrance; internet; flat roof repaired.
Also, included is the 1904 Cumberland Ave. same building; upstairs 3 luxury apartments; instant income; 2-two bedroom; 1 three bedroom; each with 2 full baths; brand new stainless stele kitchens; heat/air, must see; one is rented.

Additional Details

Nearest MSA: Middlesborough
County: Bell
Taxing Authority: Bell County
Zoning: R-2
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: One block from downtown square
Property Visibility: Excellent
Largest Nearby Street: Cumberland avenue & 19th Street
Feet of Frontage: 12
Traffic/Vehicle Count: 50
Highway Access: US 25E - Rt 441
Airports: Middlesboro Airport - 2 miles
Site Description: Main Street; busy with traffic;
Area Description: Downtown; retail stores; jewelry, bank; business offices.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,000 SF
Property Condition: Excellent
Year Built: 1928
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Store front faces main street; lots of windows;
Total Parking Spaces: 3
Parking Type: Other
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Heat Pump, Other
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: One has new laminate; other has carpet.
Zoning Description: Middlesboro City Hall Business in front
In Flood Plain?: Yes
Lot Frontage: 50
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: none known
Land Ownership: Owned
Legal Description: also known as Crater City Adventures Co LLC deed 371/65 NE 11 (part of Lots 15&16)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,408 7,551 19,851
Median Age: 41.25 42.07 39.05
Households: 1,506 3,278 8,000


Photograph of Listing Agent

Jan Miller

Action Realty KAAR CIE Member
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