$929,000
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115 E Market St Kingsport, TN 37660
Retail
Residence
Beds
Baths
...
Bed/Bath
7,401
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 i...ncluding 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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MLS#
2631882
Property Type
Retail
Year Built
1930
Square Feet
7,401
sq. ft
Lot Size
0.16
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