$1,800,000
Kingsport, TN 37660
MLS# 9960578
Status: Closed
15982 sqft
1 / 21
Property Description
Established class A medical office building in an excellent location directly across from Meadowview Convention Center in Sheridan Square business complex. Quality construction with many energy efficient features. Great opportunity for a business owner to own their own building in an unbeatable location and rent out remaining space for additional income. Upstairs has 9,929 square feet of finished medical space. Downstairs has 1,715 square feet of finished medical space with long term tenant in place. Approximately 4,000 square feet of shell space to build out for additional tenants with additional space flexibility for a business owner needing more square footage immediately. Premier location with high visibility surrounded by other professional businesses. Investors, this building has gross income potential of over $300,000 per year at current market rents.
Details
Maps
Location, Tax & Legal Info
Street #: 2
Street Name: Sheridan
St Suffix: Square
County: Sullivan
State/Province: TN
Zip Code: 37660
Area: 405 - Sullvn Grdns/Horse Crk Vill/Lo
Complex/Ind Park: Sheridan Square
Parcel ID: 076h A 003.10
City Taxes: 15470.84
County Taxes: 18628.8
Contract Info
Status: Closed
Listing Price: 2950000
Current Price: $1,800,000
List Price/SqFt: 184.58
Listing Date: 2023-12-30
Buyer Broker: Yes
Buyer Broker Comm: 2.5
Buyer Broker Comm Type: %
Foreclosure: No
Short Sale: No
Auction: No
General Property Description
Lease: Yes
Lot Size: 142.28 x 291.87 IRR
Zoning: BC
Year Built: 2004
Total SqFt: 15982
Total SqFt Finished: 11644
Total SqFt Unfinished: 4338
HOA Y/N: No
# Restrooms: 5
Annual Lease $: 95000
$ Lease/SqFt: 19
Remarks & Misc
Public Remarks: Established class A medical office building in an excellent location directly across from Meadowview Convention Center in Sheridan Square business complex. Quality construction with many energy efficient features. Great opportunity for a business owner to own their own building in an unbeatable location and rent out remaining space for additional income. Upstairs has 9,929 square feet of finished medical space. Downstairs has 1,715 square feet of finished medical space with long term tenant in place. Approximately 4,000 square feet of shell space to build out for additional tenants with additional space flexibility for a business owner needing more square footage immediately. Premier location with high visibility surrounded by other professional businesses. Investors, this building has gross income potential of over $300,000 per year at current market rents.
Directions: From I26 take the Meadowview exit and go towards Wilcox Drive - Property is straight through the Wilcox Dr intersection directly across the street from Meadowview Convention Center
Status Change Info
Date Pending: 2024-03-20
Sold Date: 2024-04-23
Sold Price: $1,800,000
Property Features
Property Condition: Above Average
Business Type: Medical; Professional Service; Professional/Office; See Remarks
Exterior Finish: Brick; HardiPlank Type; Stone
Other Equipment: See Remarks
Roof: Shingle
Electric Service: See Remarks
Development Status: Finished Lot(s)
Heating: Central
AC: Central Air
Water: Public
Sewer: Public Sewer
Road Access: City Street
Info Available: Floor Plan; Leases
Restrictions: See Remarks
Financing: Cash; Conventional
Existing Finance: Conventional
Sale Includes: See Remarks
Listing Office: KW Johnson City
Last Updated: April - 24 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.