For Sale
$384,000

1833 Netherland Inn RdKingsport, TN 37660

Downtown Kingsport Restaurant for Sale

Overview

Added:
Dec 11, 2024
Days on market:
115
This 5,537 square foot restaurant, built in 1937, is located at 1833 Netherland Inn Rd, Kingsport, TN 37660. Offered at $384,000, the property presents a compelling value-add opportunity in a revitalizing downtown area. The asking price equates to $62.85 per square foot. Situated in Sullivan County, this retail space benefits from its prime location within Kingsport's bustling downtown district, which is experiencing significant revitalization efforts. The property's central location provides easy access to local amenities, and it is ideally positioned to benefit from government incentives and a strong community. This presents a chance for investors to capitalize on the ongoing growth and development of the area. The property's existing structure offers significant potential for renovation and lease optimization, allowing for increased returns on investment. The opportunity zone designation in Kingsport offers additional tax advantages for qualified investors. This makes this restaurant a particularly attractive prospect for those seeking both immediate cash flow and long-term appreciation. The property's location also enhances its appeal to potential tenants and patrons due to its proximity to various amenities.

Highlights

  • 5,537 SF restaurant in revitalizing downtown Kingsport, TN. $384,000 asking price ($62.85/SF).
  • Prime downtown Kingsport location, near amenities, benefiting from government incentives and community growth.
  • Opportunity Zone designation offers tax advantages for qualified investors.
  • Significant value-add potential through renovation and lease optimization.
  • Strong potential for increased returns on investment.

Property Details for 1833 Netherland Inn Rd

Property type
Retail properties, Restaurants
Square Feet
5,537 SF
Year Built
1937

Location Insight

City
Kingsport
County
Sullivan
State
Tennessee
Latitude
36.5513718
Longitude
-82.5829245
1833 Netherland Inn Rd, Kingsport, Tennessee

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1833 Netherland Inn Rd
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