1501 Stone DrKingsport, TN 37664

This exceptional 2.86-acre redevelopment site in Kingsport, Tennessee, presents a compelling investment opportunity. Located at 1501 E Stone Drive, this property boasts a 5,673 square foot building on a substantial lot, offering significant potential for a variety of retail uses. The asking price is $1,200,000, translating to $211.53 per square foot. Built in 1965 and renovated in 1984, the property benefits from its position on Stone Drive, Kingsport's densest retail corridor, experiencing over 27,190 vehicles per day. This high-traffic location is surrounded by established national retailers, including Kroger, McDonald's, and Longhorn Steakhouse, among others. Recent developments in the area, such as new Chipotle, Take 5 Oil Change, and 7 Brew Coffee locations, underscore the strong demand for retail space. The site's size allows for a drive-thru, expanding tenant options. The proximity to Eastman Chemical Company, a major employer with over 14,000 employees, further enhances the property's appeal. Kingsport's robust residential growth, evidenced by over 220 single-family building permits issued in 2023, totaling over $72 million in valuation, creates a positive outlook for retail businesses. This property offers a unique chance to capitalize on a thriving market and a prime location. The land value per square foot is not currently assessed.