NEW ST BUILDING
Retail-Commercial
for Sale
| Catylist Listing ID: |
30703804 |
| Property Subtypes: |
Free-Standing Building, Other
|
| Building Size (RSF): |
20,875 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$850,000 |
| Unit Price: |
$40.72 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller, Owner Financing |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/10/2022 |
Overview / Comments
FOR SALE!! Three (3) Buildings and a Large Parking Lot located on a highly visible Corner in Downtown Kingsport “For Sale”. These properties have been an excellent Investment property for Seller for several years. Two of the buildings are one level and have several offices plus conference rooms and restrooms. The third Building is two levels and has a restaurant and Beauty shop on Main level generating income. The upper level has been apartments. The buildings need to be updated and remodeled to provide a generous income for new owner. Zoned B-2 they could have some professional or retail business and residential upstairs. They are in a Redevelopment District and also in an Enterprise Zone, so there are some possible tax incentives for the Investor. The 2 one level buildings have 4875sf & 2580sf and the 2 level building has 6710sf on each level. The parking lot can generate some excellent income by leasing spaces monthly. These properties are located across the street from the New City Office Building, so there will be excellent traffic around the properties. The Seller will also sell the Buildings Individually if requested. This is an Excellent Opportunity for Developer/Investor. Don’t Miss This Opportunity!!
|
Additional Details
| Nearest MSA: |
Kingsport-Bristol |
| County: |
Sullivan |
| Property Visibility: |
Excellent |
| Tenancy: |
Multiple Tenants |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,531 |
40,259 |
67,781 |
| Median Age: |
39.08 |
43.38 |
43.63 |
| Households: |
2,411 |
17,961 |
29,709 |
|
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