Watauga Street Commercial Building

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30787912
Property Subtypes: Coworking, Governmental, High-Tech, Institutional, Medical, Mixed Use, Flex Space, Office Building
Building Size (RSF): 3,760 SF
Gross Building Area: See Agent
Sale Price: $185,000
Unit Price: $49.20 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/18/2022

Overview / Comments

In the heart of the Kingsport Medical and Professional district, this two-story 3,760 sq ft brick building previously housed a medical practice and in more recent years multiple non-profit agencies. In 2021 the interior was damaged by a water leak on the second floor. The owner has subsequently had the building cleared of all ruined flooring, damaged sheetrock and impacted mechanical components. The building is clean and ready for an investor or end user to upfit the interior for their specific needs.

The building layout includes first floor with reception area at the main entrance, 9 offices, restroom and 2 conference rooms. The second floor is accessed by a separate entrance at the side of the building. There are 4 offices, restroom and mechanical room on the second floor.

This property sale includes building and adjacent parking lot for a total of two parcels with a combined acreage of .49 acres. Property sits at corner of Watauga Street and E. Wanola Avenue with level parking lot with 36 parking spaces. Ideally located between Church Circle and Holston Valley Medical Center campus with easy access to downtown Kingsport area.

Great owner-occupied investment potential allowing for leasing of one floor with owner occupying the other. Contact agent for property tour and further details.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 046J A 001.00; 046J A 022.00

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,775 43,831 69,845
Median Age: 38.45 43.72 43.56
Households: 2,061 19,588 30,547

Contact

Photograph of Listing Agent

R. Lynn Shipley, Jr.

TCI Group - Jerry Petzoldt Agency NETAR CMLS Member
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