$625,000
Kingsport, TN 37660
MLS# 9917919
Status: Closed
20875 sqft
1 / 122
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!!
Details
Maps
Documents
Location, Tax & Legal Info
Lot #: 1- 2
Parcel ID: 046i E 032.00
Block: 44
Deed Book #: 2035C
Deed Page #: 693
City Taxes: 5037.34
County Taxes: 6396.11
Contract Info
List Price/SqFt: 40.72
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 850000
Current Price: $625,000
Listing Date: 2021-02-02
General Property Description
Road Frontage Length: 243
Acres: 0
Lot Size: 132 X 111
Zoning: B-2
Stories: 2
Total SqFt Finished: 20875
Total SqFt Unfinished: 0
# Parking Spaces: 35
# Restrooms: 10
Annual Lease $: 0
Year Built: 1941
Total SqFt: 20875
Remarks & Misc
Directions: Center Street to right on Broad, right on New, property on right
Property Condition
Above Average: 1
Business Type
Professional/Office: 1
Residential: 1
Retail: 1
See Remarks: 1
Exterior Finish
Brick: 1
Other Equipment
Handicap Access: 1
Lighting-Fluorescent: 1
See Remarks: 1
Roof
Rubber: 1
Road Access
See Remarks: 1
Electric Service
220 Volts: 1
Phase 3: 1
Development Status
Finished Lot(s): 1
Heating
Electric: 1
Heat Pump: 1
Info Available
Floor Plan: 1
Plat: 1
See Remarks: 1
AC
Heat Pump: 1
Water
Public: 1
Sewer
Public Sewer: 1
Restrictions
Building: 1
Easements
None: 1
Financing
Cash: 1
Conventional: 1
Existing Finance
None: 1
Sale Includes
Fee Simple: 1
Location Tax Legal Info
Street #: 201-217
St Direction: East
Street Name: New
St Suffix: Street
County: Sullivan
State/Province: TN
Zip Code: 37660
Area: 412 - Highland,Fairacres,Preston For
Status Change Info
Date Pending: 2021-11-29
Sold Date: 2022-02-25
Sold Price: $625,000
Property Features
Property Condition: Above Average
Business Type: Professional/Office; Residential; Retail; See Remarks
Exterior Finish: Brick
Other Equipment: Handicap Access; Lighting-Fluorescent; See Remarks
Roof: Rubber
Electric Service: 220 Volts; Phase 3
Development Status: Finished Lot(s)
Heating: Heat Pump
AC: Heat Pump
Water: Public
Sewer: Public Sewer
Road Access: See Remarks
Info Available: Floor Plan; Plat; See Remarks
Restrictions: Building
Easements: None
Financing: Cash; Conventional
Existing Finance: None
Sale Includes: Fee Simple
Floor Plan1 
Floor Plan2 
Listing Office: Blue Ridge Properties
Last Updated: February - 25 - 2022
Information deemed reliable but not guaranteed.