SOBELS BUILDING
Retail-Commercial
for Sale
| Catylist Listing ID: |
30756475 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Street Retail, Other
|
| Building Size (RSF): |
13,500 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$449,500 |
| Unit Price: |
$33.30 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/22/2021 |
Overview / Comments
FOR SALE–-This 13,500 sf Commercial building located in downtown Kingsport, On the Corner of Center St & Commerce St is an Excellent Opportunity for Investor. The building features a main level storefront with a mezzanine level for additional space. This level would be great for retail, restaurant / café, Brewery, Professional Office. An elevator takes you to the 2nd level with 5200sf has been Completely gutted and is ready for 3-5 Loft Apartments / condos. These would be Wonderful Living areas with lots of windows. The building also has a full basement that might be used for storage. The Roof of the building could also be adapted to use for entertaining or as common area for the tenants. The property is also only one block from the New City Offices. Don’t Miss This Opportunity in Downtown Kingsport!!
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Additional Details
| Nearest MSA: |
Kingsport-Bristol |
| County: |
Sullivan |
| Tax ID/APN: |
082046IE01300 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,531 |
41,579 |
67,781 |
| Median Age: |
39.08 |
43.16 |
43.63 |
| Households: |
2,411 |
18,558 |
29,709 |
|
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