West Stone Drive

Hospitality for Sale
Catylist Listing ID: 30756615
Property Subtypes: Inn, Motel
Number of Units: 3 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 3.78 Acres
Sale Price: $1,500,000
Unit Price: $500,000 Per Unit
Property Use Type: Investment
Building Name: West Side Inn
Name of Establishment: Westside Inn
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/8/2021

Overview / Comments

LOCATION, LOCATION, LOCATION.. Great location for an investor. Prime location on 11 W (Stone Drive), and approximately 1/2 mile from I-26 (exit 1) There are 4 parcels in this sale. Property sold *"AS IS**
114 rooms in 2 separate buildings spread across over 3+ acres of land on West Stone Drive. There are 64 rooms in the main building and 50 efficiencies in the other building. Private balconies overlooking the pool area.
The main building was built in 1963, the second building was built in 1971.
Property sold *"AS IS** Value is not on the buildings but the land. Buildings could be renovated. This property would be a great place for Condo's, a grocery store, Professional building, etc.
Close proximity to Domtar, Eastman Chemical Company, Meadowview Convention Center, downtown Kingsport and many restaurants.
PLEASE - NO DIRECT CALLS TO THE PROPERTY. Employees are unaware of the sale.
There is 4 other parcels surrounding the ones listed that can be purchased also.
Information deemed reliable but not guaranteed, buyer/buyer's agent to verify all information

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Taxing Authority: Sullivan County
Tax ID/APN: 082045DK00310, 045D K 004.00 000, 045D K 007.00 000, 045D K 008.00 000
Zoning: B 3 / R 1B
Retail Clientele: Traveler, Tourist
Property Visibility: Fair
Largest Nearby Street: Stone Drive (11 W)
Airports: Tri Cities Blountville
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Fair
Year Built: 1963
Roof Type: Other
Construction/Siding: Concrete
Water Recreation: Outdoor Pool
Parking Type: Surface
Laundry: Shared
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,807 37,797 62,689
Median Age: 38.84 43.3 43.67
Households: 3,938 16,961 27,622


Photograph of Listing Agent

George R Jones

Choice Realty NETAR CMLS Member
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