Homes for sale - #28-32 6th ST, Bristol, TN 37620

$1,525,000

$1,700,000 10.3%

Est. payment - /mo

11,000 SqFt

UPDATED:

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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Listed by Rebecca Arnold • Prestige Homes of the Tri Cities, Inc.
Bought with Jennifer Hyder • Berkshire Hathaway Greg Cox Real Estate

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Dennis Moran

Broker/Realtor | License ID: 343512

+1(423) 273-0990

#28-32 6th ST Bristol, TN 37620