Commercial ()

10384 Wallace Alley St, Kingsport, TN 37663

Price: $1,350,000 Price Per ft²: $168.75 List Date: 2026-03-05 DOM: 0
City Tax: $3,676 County Tax: $3,535

Year Built: 1996

Finished Area: 8,000 ft²

Unfinished: 0 ft² (not in garage)

Total Area: 8,000 ft² (Finished & Unfinished)

Lot Size: 1.35 acre(s) Lot Dimensions: 1.35 Acres

Heating: Heat Pump Cooling: Heat Pump Water & Sewage: Public

Description

Looking for a turn-key investment in the heart of the Tri-Cities? Don't miss this one!Offering 8,000+/- square feet of industrial space, this property is secured by a NNN lease with Trane U.S. Inc., a nationally recognized HVAC leader with over 15 years of operating history at this location.Currently delivering approximately $75,600-$79,360 in annual NOI, this corporate-backed lease runs through August 2028, providing stable income with built-in rental growth and renewal potential.Zoned MX (Mixed Use), this flexible zoning designation allows for a wide range of industrial, distribution, logistics, and service-based uses— creating long-term adaptability and value beyond the current tenancy.Strategically positioned in the Wallace Alley industrial corridor near the Tri-Cities Airport with convenient access to I-81, this centralized location supports efficient regional service routes, distribution operations, and light industrial users alike.Whether you're an investor seeking predictable cash flow, a 1031 buyer looking to secure credit-backed income, or an operator planning for future occupancy, this asset offers flexibility, functionality, and long-term positioning in one of the region's most accessible industrial pockets. Priced to sell, this property will not last long at $1.35- call today to schedule your appointment! All information contained herein is collected from third party sources and is believed to be accurate but is also subject to buyer or buyers agent verification.