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!!

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 082046IE01300

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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

Contact

Photograph of Listing Agent

John Moody

Blue Ridge Propertie
NETAR CMLS Member
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