10384 Wallace Alley Street
Kingsport, TN, 37663 $ 1,350,000
Bedrooms-- Baths-- Sq 8,000 for $1,350,000. This 8,000 square foot property was built in 1996 on a lot size of 1.35.
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.
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FeaturesGeneralSewer Public Sewer
Heating Heat Pump
Cooling Heat Pump
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Roof Metal
Development Status Infrastructure In
Zoning MX
Construction Materials Block
Year Built 1996
Electric See Remarks
Business Type Distribution Manufacturing See Remarks
County Sullivan
New Construction false
Property Type Commercial Lease
HOA false
Subdivision Name Not In Subdivision
Status Active
Directions I-81N to exit 63. Right on Airport Parkway. Business Park on left just before airport.
City Kingsport
MLS Area 411 - Airport Fall Crk Cooks Valley
Lot Size Units Acres
Lot Size Square Feet 58806
Property Condition Above Average
MLS Area Minor 411 - Airport Fall Crk Cooks Valley
Standard Status Active
Conventional true
Cash true
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InteriorAir Conditioning Y/N true
Heating Y/N true
Total Baths 0
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ExteriorWater Source Public
Total Parking 25
Lot Size Area 1.35
Building Area Total 8000
Lot Dimensions 1.35 Acres
Lot Size Acres 1.35
Road Frontage Type City Street
Other Equipment See Remarks
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* Excluded FeaturesList ByGarrett AddingtonListing Agent
The Addington Agency BristolBroker
Garrett@TheAddingtonAgency.comEmail
NearbyAbout Kingsport, TN 53,958 Population
4% Since 2002
$ 39,133 Median Income
44.24 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/5/2026 | $1,350,000 | | Listed Price |