$1,350,000
10384 Wallace Alley Street
Kingsport, TN 37663
MLS# 9991892
8000 sqft


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Property Description
Looking for a turn-key investment in the heart of the Tri-Cities? Don't miss this one! Offering 8,000± square feet of industrial space, this property is secured by a NNN lease with Trane U.S. Inc., a nationally recognized HVAC leader with over 15 years of operating history at this location. Currently delivering approximately $75,600-$79,360 in annual NOI, this corporate-backed lease runs through August 2028, providing stable income with built-in rental growth and renewal potential. Zoned MX (Mixed Use), this flexible zoning designation allows for a wide range of industrial, distribution, logistics, and service-based uses-- creating long-term adaptability and value beyond the current tenancy. Strategically positioned in the Wallace Alley industrial corridor near the Tri-Cities Airport with convenient access to I-81, this centralized location supports efficient regional service routes, distribution operations, and light industrial users alike. Whether you're an investor seeking predictable cash flow, a 1031 buyer looking to secure credit-backed income, or an operator planning for future occupancy, this asset offers flexibility, functionality, and long-term positioning in one of the region's most accessible industrial pockets. Priced to sell, this property will not last long at $1.35- call today to schedule your appointment! All information contained herein is collected from third party sources and is believed to be accurate but is also subject to buyer or buyers agent verification.

Details
Maps
Location, Tax & Legal Info
Lot #: 2R4
Parcel ID: 094 009.94
Complex/Ind Park: Wallace Alley Park
Deed Book #: 3537
Deed Page #: 1793
City Taxes: 3675.97
County Taxes: 3534.83
Contract Info
List Price/SqFt: 168.75
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 1350000
Current Price: $1,350,000
Listing Date: 2026-03-05
General Property Description
Acres: 1.35
Lease: Yes
Lot Size: 1.35 Acres
Zoning: MX
HOA Y/N: No
Total SqFt Finished: 8000
Total SqFt Unfinished: 0
# Parking Spaces: 25
Annual Lease $: 75600
$ Lease/SqFt: 9.45
Year Built: 1996
Total SqFt: 8000
Remarks & Misc
Public Remarks: Looking for a turn-key investment in the heart of the Tri-Cities? Don't miss this one! Offering 8,000± square feet of industrial space, this property is secured by a NNN lease with Trane U.S. Inc., a nationally recognized HVAC leader with over 15 years of operating history at this location. Currently delivering approximately $75,600-$79,360 in annual NOI, this corporate-backed lease runs through August 2028, providing stable income with built-in rental growth and renewal potential. Zoned MX (Mixed Use), this flexible zoning designation allows for a wide range of industrial, distribution, logistics, and service-based uses-- creating long-term adaptability and value beyond the current tenancy. Strategically positioned in the Wallace Alley industrial corridor near the Tri-Cities Airport with convenient access to I-81, this centralized location supports efficient regional service routes, distribution operations, and light industrial users alike. Whether you're an investor seeking predictable cash flow, a 1031 buyer looking to secure credit-backed income, or an operator planning for future occupancy, this asset offers flexibility, functionality, and long-term positioning in one of the region's most accessible industrial pockets. Priced to sell, this property will not last long at $1.35- call today to schedule your appointment! All information contained herein is collected from third party sources and is believed to be accurate but is also subject to buyer or buyers agent verification.
Directions: I-81N to exit 63. Right on Airport Parkway. Business Park on left just before airport.
Property Condition
Above Average: 1
Business Type
Distribution: 1
Manufacturing: 1
See Remarks: 1
Exterior Finish
Block: 1
Other Equipment
See Remarks: 1
Roof
Metal: 1
Road Access
City Street: 1
Electric Service
See Remarks: 1
Development Status
Infrastructure In: 1
Heating
Heat Pump: 1
Info Available
Floor Plan: 1
Leases: 1
Plat: 1
Profit/Loss Statement: 1
Survey: 1
AC
Heat Pump: 1
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Sewer Connected: 1
Water Connected: 1
Water
Public: 1
Sewer
Public Sewer: 1
Restrictions
See Remarks: 1
Possession
See Remarks: 1
Financing
Cash: 1
Conventional: 1
See Remarks: 1
Sale Includes
Fee Simple: 1
Location Tax Legal Info
Street #: 10384
Street Name: Wallace Alley
St Suffix: Street
County: Sullivan
State/Province: TN
Zip Code: 37663
Area: 411 - Airport,Fall Crk,Cooks Valley,
Subdivision: Not In Subdivision
Property Features
Property Condition: Above Average
Business Type: Distribution; Manufacturing; See Remarks
Exterior Finish: Block
Other Equipment: See Remarks
Roof: Metal
Electric Service: See Remarks
Development Status: Infrastructure In
Heating: Heat Pump
AC: Heat Pump
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Water: Public
Sewer: Public Sewer
Road Access: City Street
Info Available: Floor Plan; Leases; Plat; Profit/Loss Statement; Survey
Restrictions: See Remarks
Possession: See Remarks
Financing: Cash; Conventional; See Remarks
Sale Includes: Fee Simple

Listing Office: The Addington Agency Bristol

Last Updated: March - 05 - 2026

Information deemed reliable but not guaranteed.


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