401 Commerce St, Bank Building Downtown Kingsport

Office for Sale
Catylist Listing ID: 30776607
Property Subtypes: Executive Suites, Coworking, Governmental, High-Tech, Institutional, Medical, Mixed Use, Flex Space, Office Building, Research & Development, Other
Building Size (RSF): 2,400 SF
Gross Building Area: 2,800 SF
Gross Land Area: 16,200 SF
Sale Price: $450,000
Unit Price: $187.50 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class C
Usable Size (USF): 2,400 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/20/2022

Overview / Comments

Commercial bank building for sale, one block off Center St, in Beautiful growing downtown Kingsport. Building built in 1972, using classic stone work, 260 ft of road frontage, and sits on an intersection downtown. Street Parking on paved lot, plus 13 spaces, and 4 drive thru lanes.

Two main entrances into the building, lobby, break room, storage room, two executive offices, one is 20x12, one is 12x12.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Taxing Authority: Kingsport
Tax ID/APN: 082046IE03300
Zoning: B 2
Property Visibility: Excellent
Site Description: Paved commercial lot downtown Kingsport
Area Description: This historic section of town has a personality of its own. The downtown district boasts a wide variety of shopping, dinning, and cultural experiences. There are more than 20 restaurants ranging from bistro sandwiches to sushi. Downtown has a wide variety of locally owned stores offering everything from antiques and fine art to boutiques and home decor. During the summer months listen to live music as the streets come alive on Friday nights. Several restaurants provide live music year round.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,400 SF
Year Built: 1972
Roof Type: Flat
Construction/Siding: Stone, Stucco
Exterior Description: Stone, wood and stucco, aluminum framing at doors with windows. Parking lot, and drive thru
Parking Ratio: 13 (per 1000 SF)
Parking Type: Surface
Parking Description: surface, 13 sopaces, plus street parking.
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,458 43,831 70,576
Median Age: 39.74 43.72 43.55
Households: 2,837 19,588 30,844


Photograph of Listing Agent

Stephen J Goodson, CLU, ChFC

Remax Checkmate, Commercial Division NETAR CMLS Member
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