$1,595,000
Kingsport, TN 37660
MLS# 9965178
Status: Active Under Contract
13000 sqft
1 / 50
Property Description
Looking for an investment opportunity in the heart of Kingsport? Don't miss this one! First time being offered on the market, we are pleased to officially offer the iconic Pratt's BBQ property for sale! Showcasing over 13,000+ sqft of usable space, this 0.97 +/- acre site features B3 zoning, and offers an ideal opportunity for redevelopment, or the possibility for someone to continue the legacy of operating as a restaurant. Promoting tons of potential with flexible zoning uses, this property could easily serve for a restaurant, QSR, financial institution, retail establishment, professional service hub, and so much more. Strategically positioned on a signalized intersection on Stone Dr, this well known staple offers high visibility promoting tons of exposure with over 31,000+ average daily traffic count (ADTC), pylon sign, and local familiarity stemming from a long standing history. Currently operated as a restaurant, this property comes equipped with a multiple fully outfitted commercial kitchens, full bar, ADA compliant bathrooms, executive offices, 3-phase power, multiple walk in freezers for cold storage, residential apartments for personal use or rental income, plus unique features that include multiple fireplaces, 3 car garage, dumbwaiter, and so much more. Offering multiple points of ingress, and egress; this property also offers easy access to all nearby highways, and interstates making your business easily accessible for anyone in the TriCities. Whether you're a developer looking to maximize the highest and best use for this coveted location, or an enterprising investor eager to start, relocate, or expand your business into the thriving Stone Dr corridor; this rare opportunity will not last long priced to sell at $1.75. Call today to schedule your appointment! This listing exclusively pertains to the building and its associated property. Pratt's business operations, its name, and any other intellectual property owned by Pratt's are expressl
Details
Maps
Location, Tax & Legal Info
Parcel ID: 046l A 003.00
Deed Book #: 3598
Deed Page #: 1280
City Taxes: 7300.19
County Taxes: 8790.33
Contract Info
List Price/SqFt: 122.69
Foreclosure: No
Short Sale: No
Auction: No
Status: Active Under Contract
Listing Price: 1595000
Current Price: $1,595,000
Listing Date: 2024-04-30
General Property Description
Acres: 0.97
Lease: No
Lot Size: 300 X 138.81 IRR
Zoning: B3
HOA Y/N: No
Total SqFt Finished: 13000
Total SqFt Unfinished: 0
Annual Lease $: 0
Year Built: 1957
Total SqFt: 13000
Remarks & Misc
Public Remarks: Looking for an investment opportunity in the heart of Kingsport? Don't miss this one! First time being offered on the market, we are pleased to officially offer the iconic Pratt's BBQ property for sale! Showcasing over 13,000+ sqft of usable space, this 0.97 +/- acre site features B3 zoning, and offers an ideal opportunity for redevelopment, or the possibility for someone to continue the legacy of operating as a restaurant. Promoting tons of potential with flexible zoning uses, this property could easily serve for a restaurant, QSR, financial institution, retail establishment, professional service hub, and so much more. Strategically positioned on a signalized intersection on Stone Dr, this well known staple offers high visibility promoting tons of exposure with over 31,000+ average daily traffic count (ADTC), pylon sign, and local familiarity stemming from a long standing history. Currently operated as a restaurant, this property comes equipped with a multiple fully outfitted commercial kitchens, full bar, ADA compliant bathrooms, executive offices, 3-phase power, multiple walk in freezers for cold storage, residential apartments for personal use or rental income, plus unique features that include multiple fireplaces, 3 car garage, dumbwaiter, and so much more. Offering multiple points of ingress, and egress; this property also offers easy access to all nearby highways, and interstates making your business easily accessible for anyone in the TriCities. Whether you're a developer looking to maximize the highest and best use for this coveted location, or an enterprising investor eager to start, relocate, or expand your business into the thriving Stone Dr corridor; this rare opportunity will not last long priced to sell at $1.75. Call today to schedule your appointment! This listing exclusively pertains to the building and its associated property. Pratt's business operations, its name, and any other intellectual property owned by Pratt's are expressl
Directions: From I-81N, Take exit 59 for TN-36 toward Kingsport/Johnson City. Turn left onto Fort Henry Dr. Continue straight to stay on TN-36 N/Fort Henry Dr. Merge onto TN-93 N via the ramp to Bristol. Slight right onto the US-11W S ramp. Merge onto US11W N/E Stone Dr.
Property Condition
Average: 1
Business Type
Franchise: 1
Restaurant: 1
Retail: 1
See Remarks: 1
Exterior Finish
Block: 1
Wood Siding: 1
Other Equipment
See Remarks: 1
Roof
Metal: 1
Road Access
City Street: 1
See Remarks: 1
Electric Service
Phase 3: 1
See Remarks: 1
Development Status
Infrastructure In: 1
See Remarks: 1
Heating
Heat Pump: 1
Other: 1
See Remarks: 1
Info Available
Aerial: 1
Floor Plan: 1
Other: 1
See Remarks: 1
AC
Heat Pump: 1
Other: 1
See Remarks: 1
Water
Public: 1
Sewer
Public Sewer: 1
Restrictions
Other: 1
See Remarks: 1
Financing
Cash: 1
Conventional: 1
Sale Includes
Fee Simple: 1
Location Tax Legal Info
Street #: 1225
St Direction: East
Street Name: Stone
St Suffix: Drive
County: Sullivan
State/Province: TN
Zip Code: 37660
Area: 412 - Highland,Fairacres,Preston For
Status Change Info
Date Pending: 2024-09-17
Property Features
Property Condition: Average
Business Type: Franchise; Restaurant; Retail; See Remarks
Exterior Finish: Block; Wood Siding
Other Equipment: See Remarks
Roof: Metal
Electric Service: Phase 3; See Remarks
Development Status: Infrastructure In; See Remarks
Heating: Heat Pump; Other; See Remarks
AC: Heat Pump; Other; See Remarks
Water: Public
Sewer: Public Sewer
Road Access: City Street; See Remarks
Info Available: Aerial; Floor Plan; Other; See Remarks
Restrictions: Other; See Remarks
Financing: Cash; Conventional
Sale Includes: Fee Simple
Supplements
y excluded from the sale of this property. Proposed plans are available upon request, please see LA for further information. All information contained herein is deemed reliable but gathered from tax records and homeowner and is subject to buyers verification.
Listing Office: The Addington Agency Bristol
Last Updated: December - 01 - 2025
Information deemed reliable but not guaranteed.