OFFICE Building - Kingsport TN

Office for Sale
Catylist Listing ID: 30610785
Property Subtypes: Business Park, Executive Suites, Governmental, Institutional, Medical, Mixed Use, Flex Space, Net Leased, Office Building, Research & Development
Building Size (RSF): 6,000 SF
Gross Land Area: 1.12 Acres
Sale Price: $599,900
Unit Price: $99.98 PSF
Ceiling: 14 ft.
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Class of Space: Class A
Usable Size (USF): 6,000 SF
Core Factor: 5%
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 5/19/2020

Overview / Comments

CLEAN OFFICE BUILDING FOR SALE. Over 6,000 s.f. ALL ON ONE LEVEL. 14' High Ceilings throughout. Great Location, Just minutes from Downtown Kingsport, TN. 48 Parking spots to supply 2 Entrances. Use for One Business, or split into TWO or More. Use to Rent out Office Space. Convert to Medical or Dental Use. Traffic Count on E Center as of 2018 was 17,715 Cars / Day. Seller Motivated, Moved to a new location. Pictures show Current (Clutter due to storage of items from another recent sale), and Prior Use ( when office was in Use ). BRING ALL OFFERS. CAR WASH ACROSS E. Sevier St FOR SALE BY SAME OWNERS ( MLS 9907074). MAKE OFFER TO BUY BOTH. ( Car Wash Address: 914 E Center St.). Buyer(s) and/or Buyer(s) Agent to verify all information.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 082 046O C 02400 000 2019
Property Located Between: East Center Street and E Sevier Ave
Property Visibility: Excellent
Highway Access: From I - 26 North at Kingsport, Take W Stone Drive East. Turn Right onto Lynn Garden Dr., then Turn Left onto W Center St and follow for approximately 1 mile, Building on the Left.
Airports: TRI - Tri Cities Tennessee - 20 minutes
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,000 SF
Year Built: 1994
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: A one - level Brown Brick Exterior with 48 Parking spaces. Building has 2 entrances.
Parking Ratio: 8 (per 1000 SF)
Parking Type: Surface
Parking Description: Paved Parking with wheelchair accessibility.
Total Parking Spaces: 48
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Interior Description: Flexible Interior set up with 2 kitchen areas, showers. Was used as a medical office and Auto Insurance office. See Pictures that show prior use and current unoccupied condition.
Zoning Description: Commercial
Lot Frontage: 483 Feet
Lot Depth: 138 Feet
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 046O C 024.00

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,400 43,442 72,943
Median Age: 42.93 43.28 43.56
Households: 4,257 19,325 31,817

Contact

Photograph of Listing Agent

Michael Duever

Keller Wlliams
NETAR CMLS Member
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