2060 Fort Henry DrKingsport, TN 37664

Property Details for 2060 Fort Henry Dr

Year built

1998

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.89 AC

Property size (Sq ft)

14,220 SF

Property type

Office properties

Property subtype

Other office properties

APN

082061L D 02100

APU

082061LD02100

Description

This exceptional Class A commercial property, located at 2060 Fort Henry Drive in Kingsport, Tennessee, presents a unique investment opportunity. The building, formerly a Suntrust Bank branch, boasts 13,416 square feet of net rentable space spread across two stories. Built in 1998, the structure sits on a 1.89-acre lot and is zoned GC - General Commercial, offering considerable flexibility for a variety of uses. The property is currently vacant, providing a blank canvas for a new owner or tenant to customize the space to their specific needs. The asking price is $4,000,000, translating to $298.15 per square foot. This represents a significant value proposition for a property of this caliber in a prime Kingsport location. The building consists of one unit and is offered under an Absolute NNN lease type. Its strategic location within Kingsport offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a high-profile presence in a thriving commercial area. The property's size and zoning provide ample opportunity for expansion or redevelopment. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,744,060

  6.5%

  $2,532,978

  7%

  $2,352,051

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,170,733

  Geo Method

  $1,170,733

• Alternative Use

  Use

  Valuation

  Residential

  $3,140,893

  Hospitality

  $2,877,041

  Educational

  $2,393,664

  Medical

  $2,475,986

  Retail

  $3,723,478

Location Insight

City

Kingsport

County

Sullivan

State

Tennessee

Latitude

36.5286

Longitude

-82.5245

CBSA code

28700

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].