Downtown Kingsport Building With Parking Lot

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30774907
Property Subtypes: Executive Suites, Office Building
Building Size (RSF): 19,220 SF
Gross Building Area: See Agent
Sale Price: $588,000
Unit Price: $30.59 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/13/2022

Overview / Comments

3-story building with mezzanine level and 0.28-acre parking lot is available for sale at the lighted intersection of W Center St and Shelby St in Downtown Kingsport. The 1st floor includes office space and street-level retail space with a separate storefront entrance. The 2nd and 3rd floors are comprised of multiple suites with common restrooms. The elevator is in good condition and undergoes regular service. The building features 400-amp electrical panel, package rooftop HVAC units and rubber membrane roof.

From I-26: Take exit 1, then travel east on W Stone Dr. In 0.2 miles, turn right onto Fairview Ave. In 0.3 miles, turn left onto W Center St. Subject will be on the left in 1 mile, at the intersection of Shelby St.

Attachments & Media

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 082046IE02000
Zoning: B-2
Property Visibility: Good
Highway Access: I-26
Airports: Tri Cities Regional Airport
Site Description: 3 story building + mezzanine level = 19,220 SF 0.28 acre parking lot adjacent to building
Area Description: Located in a Certified Economic Opportunity Zone Approx. 0.3 miles from Domtar Paper Approx. 1 mile from Eastman Chemical Company
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1954
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Includes 0.28 acre private parking lot adjacent to building
Zoning Description: Central Business District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,705 38,760 67,781
Median Age: 38.22 43.42 43.63
Households: 2,016 17,328 29,709

Contact

Photograph of Listing Agent

Marc Murphy, CCIM

Mitch Cox Realtor, Inc. NETAR CMLS Member
Photograph of Listing Agent

John Speropulos, CCIM, SIOR

Mitch Cox Realtor, Inc. NETAR CMLS Member
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