Lynn Garden Commercial Property

Office for Sale
Also listed as Retail-Commercial, Special Purpose
Catylist Listing ID: 30331848
Property Subtypes: Institutional, Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 5,300 SF
Gross Building Area: See Agent
Gross Land Area: 1.15 Acres
Sale Price: $499,000
Unit Price: $94.15 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/20/2019

Overview / Comments

NEW REDUCED PRICE! Owner Motivated! Great Lynn Garden commercial property consisting of 5,300 sq ft in two commercial buildings. The buildings are the former Lynn Garden Post office (approximately 2000 sq ft) and the neighborhood Region Bank location (bank is 2860 sq ft and separate drive through building is 468 sq ft). The Post Office suite and bank suite are separated by a wall and can be enlarged to be an effective 4,832 sq ft.

Property can be accessed via Lynn Garden Drive or Walker Street. Large paved parking area to side and rear of building. Good location in established Kingsport neighborhood on busy commuter route. Sunoco c-store next door and Pal's just across the highway and McDonalds nearby. Ideal for many professional services including medical, banking, insurance, engineering, financial or other professional office or service business. Note that the Lynn Garden sub market of Kingsport is underserved; no financial institution or medical practice currently in this neighborhood.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 030H D 040.00

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,288 34,861 61,429
Median Age: 39.25 43.17 43.66
Households: 4,073 15,571 27,062
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