Five Points Commercial Building

Retail-Commercial for Sale
Catylist Listing ID: 30375423
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Size (RSF): 6,400 SF
Gross Building Area: See Agent
Gross Land Area: 0.07 Acres
Sale Price: $299,000
Unit Price: $46.72 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/26/2019

Overview / Comments

Great Potential! Historic two story building at the corner of Cherokee and Sullivan streets in downtown Kingsport. Built in 1920, extensive demolition of the interior is nearly complete and renovations begun. Building has new windows and roof. Partially completed interior has been designed as a restaurant with a set of plans available.

The building is actually two separate structures that access each other on first and second floors with entrances from both streets. Second floor provides a vista of downtown Kingsport looking west. City parking lot across Cherokee provides ample parking both night and day. Building is part of the proposed Downtown Kingsport Master Plan, see attached link for further information.

Many options exist at this location and structure. Great single or mixed use opportunity for a restaurant, potential lofts, or other retail or service business. See agent for additional details.

Attachments & Media

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 046P D 018.00

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,601 43,831 69,845
Median Age: 39.27 43.72 43.56
Households: 2,456 19,588 30,547
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