Kingsport, TN Retail Property For Sale

The TCI Group-Jerry Petzoldt Agency and Broker Glenn Perkins is pleased to present to all qualified buyers Kingsport Pit Stop, a Sunoco Branded Gas Service Station and Convenience Store in Kingsport, Tennessee. For complete Offering Memorandum, see attached. The owner will consider a 5-year initial term lease with one 5-year option to renew. Additional lease requirements are $375,000.00 non-refundable deposit plus inventory with rent at $5500.00/month. Rent increase of 10% on the option period

This property has had a full renovation both inside and out, completed at the end of 2019. New Roof, new HVAC units including a new 12 ton for the entire building plus a new 8 ton specifically zoned for the new commercial kitchen. New paint outside and inside, new flooring, new walk-in cooler and 2 walls of beer, soda, and other refrigerated products display fronts, a walk-in freezer and a beer cave. All new EMV ready cash registers and new ATG metering system. A complete 16 camera security system and entry alarms.

Five gas islands with all new EMV ready card readers and each pump is media ready with streaming video and dual side dispensing for regular, premium, and diesel fuels. New lighted pylon sign with electronic gas pricing display. Petroleum fuels are provided under a 10-year rack plus penny contract with an excellent profit margin. There are three 12,000-gallon underground steel tanks for regular, premium, and diesel fuels. Tanks regularly State of Tennessee inspected and no issues with tightness or leakage.

This completely remodeled and renovated C-Store opened for business in February of 2020. This C-Store business has been continuously operated Monday-Saturday 7:00 AM to 10:00 PM and Sunday from 8:00 AM to 9:00 PM since opening in 2020.

Besides the typical C-Store offerings including Lottery this store derives excellent additional income from Chester’s Chicken, a Deli, Pizza, Novelties, U-Haul rental, and owner owned new ATM that is Bit Coin capable. Fully furnished kitchen with restaurant grade fryer, grill and pressure fryer for chicken. All FF&E is included in the listing price. Cooked food service and deli have not been operated since Covid and can easily be started again with all equipment remaining in place.

This enhanced C-store is conveniently located on busy West Stone drive with an excess of 50,000 average vehicles per day passing by the front door. Excellent high visibility location within 450 feet of the Interstate 26 Exit 1 off ramp. The store is approximately 4,898 square feet and situated on approximately .7 acre of prime Kingsport land and is zoned B-3 Commercial.

All financials will be provided to a qualified buyer as part of Buyer's due diligence upon submission of a fully executed Confidentiality Agreement (CA), a nonbinding LOI, personal and business credit report, or certified proof of funds letter from a recognized financial institution. Contact agent for further details or questions. The owner continues to optimize profit margins which has proven to produce the best results and continued growth. The 2023 Net Operating Income is calculated at $183,625.00 providing a 6.5% CAP.

Prime West Stone Drive Location! Former 2,000 sq ft fast food restaurant for sale with high visibility and easy access. This versatile space can be transformed into new dining concept, a thriving business, office space, or retail store. Building has been cleared of most restaurant equipment and cold storage allowing for greatest flexibility. Sits between CVS and Backyard Burgers across from Weigel's and Eastman Credit Union in Allendale area of Kingsport. Property is also for lease, see separate listing. Don't miss this incredible opportunity to turn your vision into reality!

NEW LOWER PRICE - ATTENTION INVESTORS! The Gateway to Kingsport - Iconic Lynn Garden Restaurant is now for sale! New Tenant now in place with 3-yr option. This property has been continuously open as a successful restaurant for over 77 years, established in 1946 and operated until 2022 and in late 2023 a new tenant is in place. If you're looking for the perfect location to start or expand a restaurant business....this is it! The 5,509 sq ft restaurant retains many original features including counter dining and large dining areas along with a variety of restaurant equipment ready to use. Due to its community popularity, the restaurant comes with a loyal customer base just waiting for the restaurant to re-open.

This block on Lynn Garden Drive represents the heartbeat of Lynn Garden. These popular buildings are still being used with the Restaurant hosting special private events and the Hardware store serving as a pop-up shop location for boutiques, crafters and other vendors. A proud forward-looking community, a new citizen-led study to look at how best to revitalize the Lynn Garden area including streetscaping, possible infill housing and possible commercial development in the area has just been completed, see attached. Contact agent for further details and property tour.

Attention Investors! Now For Sale - Newly updated 2,210 sq ft commercial building on Stone Drive with top quality Natural health products including CBD products and Medical Cannabis Dispensary tenant, Apotheca, in place. Apotheca is a leading regional dispensary with locations in North Carolina, Tennessee and Georgia. A 5-star rated business, Apotheca is a plant medicine +U2 dispensary offering hand-selected CBD, Delta 8, Hemp, Kratom, & other effective herbal remedies. Lease commencement May 2022 with initial 7-year NNN lease term. See attached investment package for further information.

Building is newly remodeled inside and out with large paved parking at front and employee parking and access at rear. Lot is 60' x 238' IRR with access from Stone Drive and from Bridgewater Lane. Situated along very busy stretch of Stone Drive between O'Reilly Auto Parts and Appalachian Community Federal Credit Union. Contact agent for further financials and for property tour.

PRICE REDUCED! Historic Lynn Garden Hardware Store property is now being offered for sale! Formerly Lynn Garden True-Value Hardware Store, the 2-story building has over 27, 452 sq ft with open interior retaining many original features. As of March 2023, a new survey was conducted resulting in a new address of 1115 Lynn Garden Dr. and is now 0.82 acres. Building Sq Ft consists of:

Main Level Finished 9,856

Upper Level Finished 12,622

Upper Level Unfinished 4,974

A busy high traffic location, this property is ideal for a variety of commercial uses including hardware, general store, grocery, pharmacy, self-storage, lawn & garden showroom, appliances, vintage and decor and more. The property has an abundance of storage space, ample parking, and easy access with a traffic count averaging in excess of 18,000 vehicles per day. Drive by and take a look at over 90' of retail window space that is ready for use. This property also includes an adjoining 50x118 lot which can be used for additional parking or development. See attached floor plans for further details.

Known as “The heart of Lynn Garden”, in 2020, a 100-foot-long mural was installed on the Hardware building showing the history of the Lynn Garden community, including the Restaurant, the old Lynn View High School and mascot, a Pal’s cup, plus many other iconic Lynn Garden landmarks. This building along with restaurant and adjoining home are also being offered for sale. These popular buildings are still being used with the Restaurant hosting special private events and the Hardware store serving as a pop-up shop location for boutiques, crafters and other vendors. This block on Lynn Garden Drive represents the heartbeat of a proud, historic community. A new citizen-led study to look at how best to revitalize the Lynn Garden area has just been completed, see attached. Contact agent for further details and property tour.

Two Executive Park Place is an ideal home for a single tenant looking for a trophy space in the Tri-Cities MSA or a tremendous value play for an investor. Executive Office available for sale, on East Stone Dr. Commercial Corridor.

Beautiful glass midrise structure, made up of the right hand side tower, as well as the annex between both towers (this area is condo-ed off from the adjacent tower). Neighboring tower anchor tenant is New People's Bank.

Rests within highly visible corner complex at traffic light. Boasts class, location, and visibility.

This Tri-Cities Region Office Park is strategically located in the Kingsport market's highly trafficked primary retail corridor. This Class A prime office

opportunity offers excellent visibility and accessibility to SR-93/John B Dennis Hwy & US11w/Stone Dr.

Fully glass structure and unique configuration make for a one-of a-kind flexible and creative office environment. The building is suitable for R&D, Corporate/Business Headquarters, Admin Center, medical, high-tech, executive, government and institutional offices, and would be an ideal corporate expansion or relocation opportunity.

High traffic intersection - 27,930 AADT. Located on a corner lot at the SR-93 & US-11 interchange. Visibility from every direction and exposure to 43,901vehicles per day.

All information to be verified by buyer and buyer's agent.

Incredible Downtown Kingsport investment or owner occupied opportunity! A stunning 5,625 sq ft 2-story brick building is now available for sale on the corner of E. Market Street, one block off Broad Street. The first floor is perfect for specialty retail, open office or other business venture desiring downtown Kingsport location. The open 2nd floor offers endless possibilities. Don't miss out on this prime location and charming architecture. Building is vacant and ready for new owner! First floor space also for lease, see separate listing. Contact agent today for more information!

*0.70 Acres Total, 3 Buildings

*$265,000

*Front parcel on signalized corner is +/- 0.38 acres; Zoned B-3

*Rear parcel is +/-0.32 acres; Zoned R-1

*County taxes: $1,106.00

*Traffic Count: 31,124 Lee Hwy/11W

*Retail Nearby: Dollar General, Dunkin, CVS, Subway, BalladHealth Outpatient Campus

Looking for an investment opportunity in the heart of Kingsport? Don't miss this one! First time being offered on the market, The Addington Agency is pleased to officially offer the iconic Pratt's BBQ property for sale! Showcasing over 13,000+ sqft of usable space, this 0.97 +/- acre site features B3 zoning, and offers an ideal opportunity for redevelopment, or the possibility for someone to continue the legacy of operating as a restaurant. Promoting tons of potential with flexible zoning uses, this property could easily serve for a restaurant, QSR, financial institution, retail establishment, professional service hub, and so much more. Strategically positioned on a signalized intersection on Stone Dr, this well known staple offers high visibility promoting tons of exposure with over 31,000+ average daily traffic count (ADTC), pylon sign, and local familiarity stemming from a long standing history. Currently operated as a restaurant, this property comes equipped with a multiple fully outfitted commercial kitchens, full bar, ADA compliant bathrooms, executive offices, 3-phase power, multiple walk in freezers for cold storage, residential apartments for personal use or rental income, plus unique features that include multiple fireplaces, 3 car garage, dumbwaiter, and so much more. Offering multiple points of ingress, and egress; this property also offers easy access to all nearby highways, and interstates making your business easily accessible for anyone in the TriCities. Whether you're a developer looking to maximize the highest and best use for this coveted location, or an enterprising investor eager to start, relocate, or expand your business into the thriving Stone Dr corridor; this rare opportunity will not last long priced to sell at $1.595. Call today to schedule your appointment! This listing exclusively pertains to the building and its associated property. Pratt's business operations, its name, and any other intellectual property owned by Pratt's are expressly excluded from the sale of this property. Proposed plans are available upon request, please see LA for further information. All information contained herein is deemed reliable but gathered from tax records and homeowner and is subject to buyers verification.

Looking for commercial property in Kingsport? Situated on 2.5+ acres in a prime location off of I-26, this commercial site boasts 5,500+ sqft of usable space, tons of exposure with 22,000 daily traffic count, and over 100+ parking spots already in place. Zoned R3, and promoting tons of potential; this property could accommodate for nearly any type of business. Previously operated as a restaurant, this property could be suitable for medical, office space, auto sales, retail, and so much more. Whether you're looking to relocate your business, expand into a new market, or simply looking to invest your cash in a secure asset; you will not want to miss this opportunity! Properties like this rarely come up for sale and will not last long priced to sell at $995,000, call today to schedule your appointment! All information contained herein is gathered from tax records and homeowner and is subject to buyers and buyers agent verification.

This is a great opportunity to purchase an existing Pizza Hut location in the fast-growing west end of Stone Drive in Kingsport, TN.

Approximately 50,000 cars a day

New businesses in the area Scooters Coffee, Wiegel’s Gas Station.