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116 E Market St Kingsport, TN $ 1,280,000
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$ 1,280,000 Get more info
116 E Market St
$ 1,280,000
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116 E Market St

Kingsport, TN, 37660
$ 1,280,000
Baths0.0 Sq 10,500

Monthly Estimate*

$ 8,941

116 E Market St, Kingsport, TN 37660 - Image 1
Studio

Commercial Property for sale in Kingsport, TN

for $1,280,000. This 10,500 square foot building was built in 1920 on a lot size of 0.12.

Fully occupied building offered at a 9.24% cap rate based on existing net income. 1st floor consists of 2 retail tenants (spa / salon and cafe shop) and 2nd story consists of 4 residential lofts. Residential units occupy 5,250 SF of the building. 1st floor is remaining 5,250 SF. Building has been fully redeveloped and is part of a broader value add / redevelopment portfolio located in the historic downtown Kingsport, TN region. Portfolio consists of 18 buildings totaling 219,294 SF priced at $81.28/SF and all centrally located in downtown Kingsport. Ownership is open to partial portfolio, or individual asset sales.

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Commercial Contingent

Price

$ 1,280,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

0.12

Year Built

1920

Town/City

Kingsport

County/Region

Sullivan

MLS | Web ID

2616812
Features
General
Possession Close Of Escrow
Zoning Commercial
Security Features Fire Alarm Fire Sprinkler System Smoke Detector(s)
Year Built 1920
Property SubType Retail
County Sullivan County TN
Property Type Commercial Sale
Contingency INSP
Status Under Contract - Showing
Directions Take the exit for 4 onto SR-93 Old Wilcox Dr Continue straight on Old Wilcox Dr for approximately 0.5 miles. Turn left onto E Sullivan St. Take a slight left onto E Market St.
City Kingsport
Waterfront Y/N N
Street Name E Market St
Days on Market 46
Building Area Units Square Feet
Standard Status Active Under Contract
Total Actual Rent 0
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Exterior
Total Parking 0
Lot Size Area 0.12
Building Area Total 10500
Lot Size Acres 0.12
Lot Size Units Acres
Lot Size Source Calculated from Plat
Covered Spaces 0
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Interior
Air Conditioning Y/N N
Heating Y/N N
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Internal Only
Street Number 1 116
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* Excluded Features
List By
Svn Accel Commercial Real Estate

Broker

jake.clark@svn.com

Email

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$8,941
Per Month
100%
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0%
Monthly Principal & Interest
$8,941
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
245588 Elementary School
245705 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/6/2024$1,280,000 Listed Price

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116 E Market St, Kingsport, TN, 37660 is a Commercial Property for sale at $1,280,000 with 10,500 sqft and a lot size of 0.12. 116 E Market St is a studio with 0.0 baths and was built in 1920. The property's zip code is 37660 which is in Kingsport, TN

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