Ft Henry Drive Redevelopment Site - NEW LOWER PRICE

Retail-Commercial for Sale
Also listed as Vacant Land, Hospitality
Catylist Listing ID: 28697313
Property Subtypes: Free-Standing Building, Street Retail, Vehicle Related, Other
Building Status: Proposed
Building Size (RSF): 10,500 SF
Gross Building Area: See Agent
Gross Land Area: 1.15 Acres
Sale Price: $649,000
Unit Price: $61.81 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/30/2021

Overview / Comments

NEW LOWER PRICE! Excellent 1.15 acre commercial site primed for redevelopment on busy Ft. Henry Drive thoroughfare. Property consists of four lots currently Greenwood Motel and rental housing. Western edge is contiguous with BB & T Bank and eastern boundary contiguous with Walgreens and Jiffy Lube. Great traffic counts with over 18,000 vehicles per day passing this location. High visibility on Ft. Henry drive between Kingsport Town Center mall and Eastman Road intersection. Ideal for retail, service, or other commercial development.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,783 36,599 73,447
Median Age: 44.37 44.07 43.79
Households: 3,622 16,254 31,849
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