Kingsport, TN Retail Property For Sale

FOR SALE—45,600SF Shopping Center setting on 5.0 Acres. Excellent location in

West Kingsport, TN. Built in 1984 the building features Brick exterior, 200 parking

Spaces, New roof on most of building, loading docks, Marque Pole Sign in Front,

Plus more. Adjacent Out parcels feature Arby’s, WalGreens, Liquor Store,

Advance Store.

FOR SALE---This 13,500 sf Commercial building located in downtown Kingsport, On the Corner of Center St & Commerce St is an Excellent Opportunity for Investor. The building features a main level storefront with a mezzanine level for additional space. This level would be great for retail, restaurant / café, Brewery, Professional Office. An elevator takes you to the 2nd level with 5200sf has been Completely gutted and is ready for 3-5 Loft Apartments / condos. These would be Wonderful Living areas with lots of windows. The building also has a full basement that might be used for storage. The Roof of the building could also be adapted to use for entertaining or as common area for the tenants. The property is also only one block from the New City Offices. Don’t Miss This Opportunity in Downtown Kingsport!!

Currently serving as Edo Sushi Bar & Grill, this property sits on a 2.45 acre lot located in the heart of Kingsport. FF&E can be negotiated and with little to no improvements necessary there is potential for a true turnkey opportunity. The surrounding area is loaded with a variety of restaurants and retail, as well as new medical facilities and new residential developments.

Kingsport continues to rank on various national lists due to its economic and population growth. For example, Tennessee was named the top state on U-Haul’s 2020 Migration Trends list, with Kingsport specifically ranking as the number 12 growth city in the nation.

Please reach out for more information.

Property Highlights:

-Minutes from Downtown Kingsport

-Business Available For Sale

-High Traffic Count

-Excellent Visibility

-2.54 Acres

Mixed-use building is available for sale next to Macado's in vibrant Downtown Kingsport. Located in an Opportunity Zone, this property has potential for retail/office on the approx. 5,790 SF main level and apartments/office on the approx. 4,878 SF upper level. The building has a new roof and water heater, and is situated next to a public parking garage.

From I-26: Take exit 1, then travel east on W Stone Drive. Turn right onto Fairview Ave. In 0.2 miles, turn left onto W Center St. In 1 mile, turn right onto Broad St. Subject will be on the right, next to Macado's.

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!!

Broker Glenn Perkins and TCI Group - Jerry Petzoldt Agency are pleased to present to all qualified investors the opportunity to acquire two excellent investment properties in Northeast Tennessee. Both properties are 100% fee simple interest ownership and single tenant net lease investments.

KINGSPORT - Fronting Ft. Henry Drive, this superbly located 7,000 sq ft building was a build to suit for Advance Stores Company Incorporated in 2000 and has been operated as a Advance Auto Parts store since. Located within 1 mile of I-81, Exit 59 in the Colonial Heights area, the property is zoned B-3 with 19,110 square feet of paved parking on approximately .83 acre parcel.

Advance Auto just entered into 3rd 5-year extension on January 1, 2021, showing their dedication to the market. An additional 5-year option remains on the original lease first amendment beginning January 2016 expiring December 2030. Lease is NN+

Other business at this location include CVS Pharmacy and Eastman Credit Union with Verizon, Little Caesar's, Subway, UPS Store, barber shop and nail salon in adjacent Ft. Henry Square strip center.

BLOUNTVILLE - This busy 6,889 sq ft Advance Auto Parts store is strategically positioned fronting Hwy 394 with immediate access to I-81, Exit 69 at the Blountville / Bristol. The property is zoned B-4 with 17,384 square feet of paved parking on approximately one acre parcel.

The building was a build to suit in 2004 for Advance Stores Company Incorporated and has been operated as a Advance Auto Parts store since. There is a new 5 year lease beginning on 01/01/2020 through 12/31/2024 with one 5 year option to renew. This is a corporate NN lease with Advance Stores Company Inc. and includes a gross sales breakpoint for the percentage rental section of the lease.

I-81 at Hwy 394 interchange is main traffic route for nationally known Bristol Motor Speedway. Other business at this exit include Fireworks Supermarket, BP c-store, Arby's and neighborhood strip center containing Edward Jones, Domino's Pizza and Blountville Family Eyecare.

The fact that Tennessee has no state income tax along with the automotive sector being an investor favorite makes this portfolio particularly attractive. Excellent financials with a 5.925% CAP and combined NOI of $199,136. Contact agent to discuss this excellent investment opportunity!

Commercial building located approximately .2 miles off of Stone Drive. Behind the Purple Cow and close to all the major retail in Kingsport. This building is well built and conveniently located to start your next business or relocate your office. Many potential uses such as, doctor's office, realtor's office, day spa, financial, etc...There are three suites, which would be perfect for an investor who would also like to have their own office. The other two suites could pay the mortgage. Another option would be to split into two suites or use as one large suite. Seller is willing to finance 100% to qualified Buyer!!

ATTENTION INVESTORS! Great starter investment with this high visibility 1,932 sq ft commercial building on over one half acre corner fronting busy West Stone Drive and Afton Street. Completely new renovation in 2017. Currently leased to excellent long term tenant with multiple locations in Southwest Virginia and East Tennessee. West Stone Coin Laundry lease in place through July 2022 with two 5-year renewal options. This corner property is at signalized intersection with large parking lot with easy access from two sides. Great traffic counts with 30,000 cars per day passing this location. Contact agent for further details and financials.

Updated and renovated restaurant in the heart of Kingsport's retail and dining district. This facility has approximately 7,000 sq. ft. including an impressive bar/lounge, a tiered seating area including booths, and an open dining area equipped with seating for up to 200 guests. Spacious and welcoming waiting area. Substantial kitchen with all equipment necessary including two very large walk-in coolers. Formerly a Mexican restaurant, it is ready to reopen as new dining establishment or great potential for repurposing to any venture seeking Kingsport's busiest business location! Ample parking on three sides totalling 120 spaces on over 3 acre parcel. Easy access from both Stone Drive and Eastman Road on Jack White Drive. Sale includes all furnishings and equipment. Property also for lease, see separate listing. Contact agent to discuss possibilities!

MAJOR PRICE DROP! SEE NEW DRONE VIDEO - Excellent 14.53 acre parcel located at Stone Drive and I-26, Exit 1. Former Walmart location, all buildings have been removed and site is level and ready for development. Located at signalized intersection, the property sits on one of the busiest thoroughfares in Sullivan County with daily traffic counts over 28,000 cars per day. Current tenants in place at nearby Stonegate shopping center include Thai Noodle Town, International Wigs, and Little Caesar's. See attachments for drone video, further property details and regional information. Adjacent parcel also available allowing for additional site development options, see attached link. Great site for new commercial venture, contact Broker to discuss possibilities!

NEW LOWER PRICE! Excellent 1.15 acre commercial site primed for redevelopment directly on busy Ft. Henry Drive in Kingsport. Property consists of four lots currently Greenwood Motel and rental housing. Property fronts both Ft. Henry Drive and Memorial Court with easy access from either. Adjacent to BB & T Bank on one side and Walgreens and Jiffy Lube on the other. Great traffic counts and high visibility on Ft. Henry drive between Kingsport Town Center mall and Eastman Road intersection. Ideal for redevelopment to new retail, service business, office or other commercial development. Contact agent to discuss options.

PRICE REDUCED! Convenient interstate location in Kingsport. This 2,727 facility sits on Jett Road near intersection of Wilcox Drive and I-26 interchange. Building has sanctuary area with baptismal, four large open rooms, small kitchen, 2 main restrooms and one smaller restroom. Possible uses include continuing as worship facility, or as small group home, daycare, youth center, community service agency or even up-fitted as a single family residence. Also potential as office or for small business user. Contact agent to discuss options.