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115 E Market St Kingsport, TN $ 2,209,000
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$ 2,209,000 Get more info
115 E Market St
$ 2,209,000
Back to search
Share Save

115 E Market St

Kingsport, TN, 37660
$ 2,209,000
Baths0.0 Sq 5,927

Monthly Estimate*

$ 15,431

115 E Market St, Kingsport, TN 37660 - Image 1
115 E Market St, Kingsport, TN 37660 - Image 2
115 E Market St, Kingsport, TN 37660 - Image 3
115 E Market St, Kingsport, TN 37660 - Image 4
115 E Market St, Kingsport, TN 37660 - Image 5
115 E Market St, Kingsport, TN 37660 - Image 6
115 E Market St, Kingsport, TN 37660 - Image 7
Studio

Commercial Property for sale in Kingsport, TN

for $2,209,000. This 5,927 square foot building was built in 1930 on a lot size of 0.16.

3 historically preserved brick buildings offered at a 9% Cap Rate based on existing net income **115 E Market St. 117 E Market St. and 116 E Market St. *** Fully occupied buildings, one suite in 115 E Market is currently being renegotiated NNN lease 5 year term. Tenant mix consists of a variety of retail tenants including a Spa / Salon, Cafe shop, Anchor Dispensary, Gift Shop, Pet Spa, and 4 residential Loft spaces located on 2nd story of 116 E Market St. Total square foot is 16,627 SF, total rentable square foot is 16,427SF. All 3 Buildings have 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. Buildings also sit in an Opportunity Zone. Great opportunity to invest early in a growing downtown area.

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Commercial Active

Price

$ 2,209,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

0.16

Year Built

1930

Town/City

Kingsport

County/Region

Sullivan

MLS | Web ID

2631882
Features
General
Possession Close Of Escrow
Zoning Commercial
Year Built 1930
Property SubType Retail
County Sullivan County TN
Property Type Commercial Sale
Status Active
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 1
Building Area Units Square Feet
Standard Status Active
Total Actual Rent 0
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Exterior
Total Parking 0
Lot Size Area 0.16
Building Area Total 5927
Lot Size Acres 0.16
Lot Size Units Acres
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 1 115
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* Excluded Features
List By
Svn Accel Commercial Real Estate

Broker

jake.clark@svn.com

Email

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$15,431
Per Month
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Monthly Principal & Interest
$15,431
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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
3/16/2024$2,209,000 Listed Price

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115 E Market St, Kingsport, TN, 37660 is a Commercial Property for sale at $2,209,000 with 5,927 sqft and a lot size of 0.16. 115 E Market St is a studio with 0.0 baths and was built in 1930. The property's zip code is 37660 which is in Kingsport, TN

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