Kingsport Restaurant Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30755068
Property Subtypes: Restaurant
Building Status: Under Construction
Building Size (RSF): 5,250 SF
Gross Building Area: See Agent
Sale Price: $599,000
Unit Price: $114.10 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Edo Sushi Bar & Grill
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 8/30/2021

Overview / Comments

Currently serving as Edo Sushi Bar & Grill, this property sits on a 2.45 acre lot located in the heart of Kingsport. FF&E can be negotiated and with little to no improvements necessary there is potential for a true turnkey opportunity. The surrounding area is loaded with a variety of restaurants and retail, as well as new medical facilities and new residential developments.

Kingsport continues to rank on various national lists due to its economic and population growth. For example, Tennessee was named the top state on U-Haul’s 2020 Migration Trends list, with Kingsport specifically ranking as the number 12 growth city in the nation.

Please reach out for more information.

Property Highlights:
-Minutes from Downtown Kingsport
-Business Available For Sale
-High Traffic Count
-Excellent Visibility
-2.54 Acres

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 082045CA00105
Property Visibility: Good
Largest Nearby Street: W Stone Dr
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1999
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,913 32,505 62,389
Median Age: 38.96 42.67 43.43
Households: 2,591 14,407 27,477

Contact

Photograph of Listing Agent

George Brown

SVN I Wood Properties NETAR CMLS Member
Photograph of Listing Agent

Sheev Patel

SVN I Wood Properties Not a member of NETAR CMLS
Photograph of Listing Agent

Maddie Haynes

SVN I Wood Properties Not a member of NETAR CMLS
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