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423-968-7653
Commercial ()

1105 Lynn Garden Dr
Kingsport, TN 37665

Stories: 2.0
Price: $599,000  Price Per ft²: $108.91  List Date: 2022-11-21  DOM:  71
City Tax: $1,307 County Tax: $1,674
Year Built: 1946 About homes built before 1978

Finished Area: 5,500 ft²

Unfinished: 0 ft² (not in garage)  

Total Area: 5,500 ft² (Finished & Unfinished)

Lot Size: 0.37 acre(s)Lot Dimensions: 170x95Road Frontage: 208ft
Heating: CentralCooling: Central AirWater & Sewage: Public

Description

OPPORTUNITY - OPPORTUNITY!! This property is the former Lynn Garden Restaurant and Catering Service. A successful restaurant location for over 77 years. APARTMENT INCLUDED...also attached is a one level apartment that produces $425/m. If you're looking for the perfect location to start or expand a restaurant business....this is it! The property comes with a variety of restaurant equipment already in place and ready to use. Several generations have known and enjoyed the Lynn Garden Restaurant so it comes with a built-in customer base just waiting for the restaurant to re-open. The property will also include an adjacent lot added to accomadate increased customer parking and giving the property 208' of road frontage directly on Lynn Garden Drive. For additional rental income, this property also includes a two bedroom apartment on the upper level with a good rental history.And you can now count on the new Kingsport Lynn Garden revitalization project to update the area and increase the already high average 18,000 vehicles per day that pass by the front door. This restaurant was THE PLACE to eat in Lynn Garden for many years and is embedded in the HISTORY of the Lynn Garden community.According to information provided to the BMA, the Lynn Garden redevelopment district is 118 acres with an appraised value of $24.7 million. Its boundaries include property around the Stone Drive/Lynn Garden Drive intersection, stretching down Tranbarger Drive to Allen and Chadwick and property on both sides of Lynn Garden to the end of Truxton.In fact, city officials said the Lynn Garden redevelopment district will likely be expanded once, maybe twice in 2022.

Community Information

Geographical
County: Sullivan
Subdivision:
Zoning: B3
School System
Elementary
Middle
High

Interior

Exterior

Roof: Metal, Shingle Exterior Finish: Block, Brick 

Photos

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Listing by Tci Group-jerry Petzoldt Agency, Llc
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