401 Commerce StKingsport, TN 37660

  • Commercial land
  • 150.00 AC
For Lease
$15.74/SF/YR View listing

Property Details for 401 Commerce St

Lot size
150.00 AC
Property type
Commercial land
APN
082046I E 03300
APU
082046IE03300

Description

This exceptional 2,287 square foot commercial property is ideally situated in the heart of Kingsport's downtown area, offering unparalleled visibility and accessibility. Located on a prominent corner lot near City Hall, this single-tenant building boasts a highly desirable B2 zoning classification, providing flexibility for a wide range of business uses. Originally constructed in 1972, the building features a versatile layout including 3-4 designated offices, a conference room, multiple restrooms, and a unique drive-thru feature that could be easily enclosed to expand the usable space. The property also includes the original bank vault, adding a distinctive character to the space. Its open floor plan allows for easy customization to suit various business needs, from professional offices to retail establishments. The building's high visibility and prime location make it an exceptional opportunity for businesses seeking a strong presence in a thriving downtown environment. With its convenient access to surrounding areas and ample potential, this property presents a rare chance to establish or expand a business in a highly sought-after Kingsport location. The 0.37-acre lot provides ample space and parking. The property is a single-story building, easily accessible and manageable. This is a Class C building with a rich history, having previously housed a bank, hair salon, and dog training facility, demonstrating its adaptability. Don't miss this chance to secure a prime commercial space in a vibrant downtown setting.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $2,690,200,000
    Retail / Commercial
    $1,361,270,000
    Mixed-Use / Specialty
    $1,342,030,000
    Hospitality / Lodging
    $965,875,000
    Office
    $1,319,070,000
    Institutional / Educational
    $1,390,030,000
    Residential Income
    $1,626,330,000
    Multifamily
    $2,030,280,000
    Automotive / Energy
    $1,191,450,000
    Parking / Income-Based Land
    $425,367,000
    Restaurant / Food Service
    $667,299,000
    Healthcare / Senior Housing
    $1,390,980,000

Location Insight

City
Kingsport
County
Sullivan
State
Tennessee
Latitude
36.5476
Longitude
-82.5578
CBSA code
28700
CBSA name
KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$25,760
-
$25,760
-
$64,400
-
$64,400

FAQs

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