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201-217 New Street

Kingsport, TN 37660
  • $850,000
  • STATUS: Active
  • ON SITE: 264 Days
  • MLS #: 9917919
UPDATED: 7 min ago
$850,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 20,875
    SQFT
  • $41
    $/SQFT
Type:
Commercial
Built:
1941
County:

School Ratings & Info

Description

FOR SALE!! Three (3) Buildings and a Large Parking Lot located on a highly visible Corner in Downtown Kingsport ''For Sale''. These properties have been an excellent Investment property for Seller for several years. Two of the buildings are one level and have several offices plus conference rooms and restrooms. The third Building is two levels and has a restaurant and Beauty shop on Main level generating income. The upper level has been apartments. The buildings need to be updated and remodeled to provide a generous income for new owner. Zoned B-2 they could have some professional or retail business and residential upstairs. They are in a Redevelopment District and also in an Enterprise Zone, so there are some possible tax incentives for the Investor. The 2 one level buildings have 4875sf & 2580sf and the 2 level building has 6710sf on each level. The parking lot can generate some excellent income by leasing spaces monthly. These properties are located across the street from the New City Office Building, so there will be excellent traffic around the properties. The Seller will also sell the Buildings Individually if requested. This is an Excellent Opportunity for Developer/Investor. Don't Miss This Opportunity!!

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© 2021 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2021-10-25T22:59:49.977.
www.highlandsrealtyinc.com/homes/113842987
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201-217 New Street Kingsport, TN 37660

  • Price: $850,000
  • Status: Active
  • Updated: 7 min ago
  • MLS #: 9917919
0
Beds
0
Baths
0
½ Baths
N/A
Acres
20,875
SQFT
$41
$/SQFT
1941
Built
Neighborhood:
Highland,Fairacres,Preston For
County:
Sullivan
Area:
Highland,Fairacres,Preston For
Property Description
FOR SALE!! Three (3) Buildings and a Large Parking Lot located on a highly visible Corner in Downtown Kingsport ''For Sale''. These properties have been an excellent Investment property for Seller for several years. Two of the buildings are one level and have several offices plus conference rooms and restrooms. The third Building is two levels and has a restaurant and Beauty shop on Main level generating income. The upper level has been apartments. The buildings need to be updated and remodeled to provide a generous income for new owner. Zoned B-2 they could have some professional or retail business and residential upstairs. They are in a Redevelopment District and also in an Enterprise Zone, so there are some possible tax incentives for the Investor. The 2 one level buildings have 4875sf & 2580sf and the 2 level building has 6710sf on each level. The parking lot can generate some excellent income by leasing spaces monthly. These properties are located across the street from the New City Office Building, so there will be excellent traffic around the properties. The Seller will also sell the Buildings Individually if requested. This is an Excellent Opportunity for Developer/Investor. Don't Miss This Opportunity!!
Exterior Features

Exterior Finish Brick Lot Size 132 X 111 Number Parking Spaces 35 Road Access See Remarks Roof Rubber

Interior Features

Ac Heat Pump Heating ElectricHeat Pump Number Restrooms 10 Total Sqft Finished 20875.00 Total Sqft Unfinished 0.00

Property Features

Annual Lease Amount 0.00 Auction No Block 44 Business Type Professional/OfficeResidentialRetailSee Remarks City Taxes 5037.34 County Taxes 6396.11 Development Status Finished Lot(S) Easements None Electric Service 220 VoltsPhase 3 Existing Finance None Financing CashConventional Foreclosure No Info Available Floor PlanPlatSee Remarks Lot Number 1- 2 Other Equipment Handicap AccessLighting-FluorescentSee Remarks Property Condition Above Average Restrictions Building Sale Includes Fee Simple Sewer Public Sewer Short Sale No Water Public Zoning B-2

Listing information © 2021 Tennessee/Virginia Regional MLS.
Listing provided courtesy of John Moody of Blue Ridge Properties.



© 2021 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2021-10-25T22:59:49.977.
 
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