3859 Fort Henry Dr

Retail-Commercial for Sale
Catylist Listing ID: 30566957
Property Subtypes: Car Wash
Building Size (RSF): 3,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.10 Acres
Sale Price: $1,995,000
Unit Price: $665 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Last Updated: 8/31/2020

Overview / Comments

3859 Ft Henry Dr. Kingsport TN 37663, 2721 N John B Dennis Hwy, Kingsport TN 37660.
Two Car washes, Business and Property for sale, both located in Kingsport TN. Both profitable, and in excellent and highly visible locations. Clean, well managed, and busy.

1st is at 3859 Ft Henry Dr. Kingsport TN 37663, just behind First Community bank, across from Food City and Walgreens, at a lighted intersection. Ft Henry, is a major commercial corridor with 26,000 cars per day. In proximity to Main entrance to Warriors Path State Park. 1st time on the market. Built in 2003.

Ft Henry location also boasts additional land behind car wash, for development, approximately .78 acres of B3 zoned commercial land, which could be re-sold or developed by new owner.

2nd location is is at 2721 N John B Dennis Hwy, just North of East Stone Dr, with over 17,000 cars a day passing by. Excellent visibility, and next door to a Valero gas station, and many other commercial sites, with lots of roof tops surrounding it.

Owner has worked on perfecting a chemical balance with washing products, and both sites have both brushless automatic bays, as well as do it yourself washing bays.

Properties are being sold together, lock stock and barrel. All information to be verified by buyer and/or buyer's agent. Both locations together built up, and adjusted to create profitable, and long lasting income potential.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Taxing Authority: Kingsport
Tax ID/APN: 031J A 001.00 & 092B B 020.00
Zoning: B-3
Retail Clientele: General, Family, Business, Convention, Other
Property Visibility: Excellent
Largest Nearby Street: Ft Henry Dr. and N John B Dennis Hwy
Feet of Frontage: 208
Traffic/Vehicle Count: 26,000
Highway Access: I-26 Kingsport exit
Airports: Tri-Cities Airport
Site Description: Both sites have additional land available for development, or resale. John B Dennis site has available 0.35-0.45 acres, with utilities, and some paving. Ft Henry site has an additional parcel behind Car Wash measuring approx. .78 of land, also zoned B3.
Area Description: Kingsport is a city in Sullivan and Hawkins counties in the U.S. state of Tennessee; most of the city is in Sullivan County and the city is the largest in both counties, but is the county seat of neither. As of the 2010 census the population was 48,205;[1] as of 2018 the estimated population was 54,076.[2] Kingsport is the largest city in the Kingsport–Bristol–Bristol, TN-VA Metropolitan Statistical Area (MSA), which had a population of 309,544 as of 2010.[4] The Metropolitan Statistical Area is a component of the Johnson City–Kingsport–Bristol, TN-VA Combined Statistical Area – commonly known as the "Tri-Cities" region. Census data from 2006–2008 for the Tri-Cities Combined Statistical Area estimates a population of 496,454. Kingsport is commonly included in what is known as the Mountain Empire, which spans a portion of southwest Virginia and the mountainous counties in northeastern Tennessee. The name "Kingsport" is a simplification of "King's Port", originally referring to the area on the Holston River known as King's Boat Yard, the head of navigation for the Tennessee Valley.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Construction/Siding: Block
Exterior Description: Block painted Car Wash
Parking Type: Structure
Zoning Description: B-3

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 22,564 63,413
Median Age: 44.22 43.9
Households: 9,606 27,082

Contact

Photograph of Listing Agent

Stephen J Goodson, ChFC

Remax Checkmate, Commercial Division NETAR CMLS Member
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