For Sale
$524,999

1105 Lynn Garden DrKingsport, TN 37665

Iconic Restaurant, 5,509 SF, Vacant

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Kingsport restaurant, located at 1105 Lynn Garden Dr, presents a unique investment opportunity. Built in 1946 and renovated in 1957, this 5,509 square foot, single-story Class B building sits on a 0.37-acre lot with ample parking (60 spaces). Currently vacant, this property boasts a rich history as a continuously operating restaurant for over 77 years, closing in 2022 and reopening late 2023 with a new tenant under a 3-year lease option. The property includes over $40,000 worth of restaurant equipment, ready for immediate use. The building features original counter and large dining areas, catering to a loyal customer base. Zoned B3, this property is ideally situated in the heart of Lynn Garden, a community undergoing revitalization efforts, including streetscaping and potential commercial development. The asking price is $524,999 ($108.73/sq ft), with a NNN lease type. This is a prime opportunity to capitalize on the resurgence of this vibrant community. The property's APN is 082030HD03100. This property is also available as part of a larger portfolio sale including adjacent properties.

Highlights

  • $524,999 asking price for this vacant, 5,509 SF restaurant.
  • Located at 1105 Lynn Garden Dr, Kingsport, TN 37665.
  • Retail property, Class B, single-tenant, NNN lease.
  • Features 60 parking spaces on a 0.37-acre lot.
  • Built in 1946, renovated in 1957, with B3 zoning.

Property Details for 1105 Lynn Garden Dr

Property type
Retail properties, Restaurants
Square Feet
5,509 SF
Class
B
Year Built/Renovated
1946/1957
Buildings
1
Stories
1
Lot Size (sq. ft)
16,117 SF

Location Insight

City
Kingsport
County
Sullivan
State
Tennessee
Latitude
36.57513902
Longitude
-82.56713552
1105 Lynn Garden Dr, Kingsport, Tennessee

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1105 Lynn Garden Dr
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