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423-968-7653
Commercial ()

201-217 East New St
Kingsport, TN 37660

Stories: 2.0
Price: $850,000  Price Per ft²: $40.72  List Date: 2021-02-02  DOM:  267
City Tax: $5,037 County Tax: $6,396
Year Built: 1941 About homes built before 1978

Total Finished Area: 20,875 ft²

Unfinished: 0 ft² (not in garage)  

Lot Size: 0.00 acre(s)Lot Dimensions: 132 X 111Road Frontage: 243ft
Heating: Electric, Heat PumpCooling: Heat PumpWater & Sewage: Public

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!!

Community Information

Geographical
County: Sullivan
Subdivision:
Zoning: B-2
School System
Elementary
Middle
High

Interior

Exterior

Roof: Rubber Exterior Finish: Brick 

Photos

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Listing by Blue Ridge Properties
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