4250 Fort Henry DrKingsport, TN 37663

Property Details for 4250 Fort Henry Dr

Year built

1986

Lot size

150.00 AC

Property size (Sq ft)

2,064 SF

Zone code

B-4

Property type

Retail properties

Property subtype

Turn key restaurants

APN

082092J C 05520

APU

082092JC05520

Description

This exceptional 4,200 square foot vacant restaurant building presents a unique opportunity in Kingsport, Tennessee. Situated on a 0.86-acre lot zoned B-4, this single-tenant property boasts a prime location off Exit 59 of I-81 in the Colonial Heights area. The building benefits from high visibility and significant daily traffic counts (31,000 CPD) directly in front of the site. Its strategic placement within a dense retail corridor ensures high foot and vehicle traffic, surrounded by established businesses including Walmart, Taco Bell, Ingles, Bojangles, AutoZone, and McDonald's. The property's proximity to major employers, such as Eastman Chemical Company (3 miles away), and downtown Kingsport (4 miles away), further enhances its appeal and potential for a thriving business. This is one of the last remaining available sites near the highway exit, making it a rare and highly desirable investment opportunity. The property's size and location make it ideal for a variety of restaurant concepts or potential redevelopment. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $585,492

  6.5%

  $540,454

  7%

  $501,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $428,221

  Geo Method

  $428,221

• Alternative Use

  Use

  Valuation

  Residential

  $455,893

  Hospitality

  $417,596

  Educational

  $347,435

  Medical

  $359,384

  Retail

  $540,454

Location Insight

City

Kingsport

County

Sullivan

State

Tennessee

Latitude

36.482

Longitude

-82.4997

CBSA code

28700

CBSA name

KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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