Commercial ()

125,133 Broad St, Kingsport, TN 37660

Stories: 23.0

Price: $2,298,000 Price Per ft²: $91.92 List Date: 2024-11-04 DOM: 17
City Tax: $4,636 County Tax: $5,582

Year Built: 1918 pre-1978 Homes

Finished Area: 12,500 ft²

Unfinished: 12,500 ft² (not in garage)

Total Area: 25,000 ft² (Finished & Unfinished)

Lot Size: 0.32 acre(s) Lot Dimensions: 102x 139 Road Frontage: 102ft

Heating: Forced Air, Electric, Heat Pump Cooling: Central Air, Heat Pump Water & Sewage: Public

Description

Sale/ Lease Back ( Investment Income ). The owners of the Stir-Fry Building on busy Broad Street in downtown Kingsport are selling but would like a 20 year lease back. They will pay $7,000.00 a month, Triple Net Lease for 10 years with 2 5 year options. There is also a Vape Shop paying $2,500.00 a month Rent. Also a Vacant shop on the first floor that could be leased for $2,500.00 a month. There is also 25,000 +/- square feet upstairs that would be perfect for lofts, professional offices, or even a hotel. Building is sprinklered and has a new roof. There are 3 sets of stairs and 1 elevator. Beautiful windows looking down Broad Street. Great investment property with existing Income and unlimited potential. Information Deemed reliable Buyer/ Buyers agent to verify