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115 E Market St

Kingsport, TN 37660
  • $929,000
  • STATUS: Under Contract - Showing
  • ON SITE: 126 Days
  • MLS #: RTC2631882
Under Contract
UPDATED: 50 min ago
$929,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1930
County:

School Ratings & Info

Description

3 historically preserved brick buildings offered at a 9% Cap Rate based on existing net income **115 E Market St. 117 E Market St. *** Partially 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 Cafe shop, Anchor Dispensary, Gift Shop, Pet Spa. Total square foot is 16,627 SF, total rentable square foot is 7,401SF. Both 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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Realtracs Solutions logoProperties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (Benchmark Realty, (615) 915-7121). IDX information © 2024 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or Benchmark Realty. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-07-21T20:07:02.923.

Based on information submitted to the MLS GRID as of 2024-07-21T20:07:02.923. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.nashvillehouses4sale.com/homes/148652126
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115 E Market St Kingsport, TN 37660

  • Price: $929,000
  • Status: Under Contract - Showing
  • On Site: 126 Days
  • Updated: 50 min ago
  • MLS #: RTC2631882
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1930
Built
County:
Sullivan
Property Description
3 historically preserved brick buildings offered at a 9% Cap Rate based on existing net income **115 E Market St. 117 E Market St. *** Partially 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 Cafe shop, Anchor Dispensary, Gift Shop, Pet Spa. Total square foot is 16,627 SF, total rentable square foot is 7,401SF. Both 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.
Exterior Features

Covered Spaces 0 Parking Total 0 Waterfront YN No

Interior Features

Cooling YN No Heating YN No

Property Features

Building Area Total 7401 Contingency INSP Lot Size Area 0.16 Property Sub Type Retail Special Listing Conditions Standard Total Actual Rent 0 Zoning Commercial

Realtracs Solutions logo Offered by SVN Accel Commercial Real Estate: 6155680167. Copyright 2024 RealTracs, Inc. Information Is Believed To Be Accurate But Not Guaranteed. Listings courtesy of Realtracs MLS as distributed by MLS GRID.


Realtracs Solutions logoProperties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (Benchmark Realty, (615) 915-7121). IDX information © 2024 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or Benchmark Realty. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-07-21T20:07:02.923.

Based on information submitted to the MLS GRID as of 2024-07-21T20:07:02.923. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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Benchmark Realty
318 Seaboard Lane, Suite 115
Franklin TN, 37067