818 Jonathan WayKingsport, TN 37660

Property Details for 818 Jonathan Way

Year built

1999

Lot size

2.68 AC

Property size (Sq ft)

5,501 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

082045C A 00105

APU

082045CA00105

Description

This exceptional Kingsport commercial property, located at 818 Jonathan Way, presents a remarkable investment opportunity. Boasting 5,500 square feet of space on a 2.68-acre lot, this property is ideally situated for high visibility and accessibility, with easy access to I-26 and a daily traffic count exceeding 22,000 vehicles. The property includes over 100 parking spaces, ensuring ample convenience for customers and employees. Built in 1999, the building is zoned R3, offering versatility for a wide range of commercial uses. Previously operating as a restaurant and bar, this adaptable space is suitable for various businesses, including but not limited to medical offices, retail spaces, or auto sales. The asking price is $995,000, translating to $180.91 per square foot. This single-unit property presents a rare chance to acquire a well-located, spacious commercial building in a thriving Kingsport market. All information is based on tax records and should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $1,560,461

  6.5%

  $1,440,426

  7%

  $1,337,538

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,141,301

  Geo Method

  $1,141,301

• Alternative Use

  Use

  Valuation

  Residential

  $1,215,053

  Hospitality

  $1,112,982

  Educational

  $925,988

  Medical

  $957,834

  Retail

  $1,440,426

Location Insight

City

Kingsport

County

Sullivan

State

Tennessee

Latitude

36.5593

Longitude

-82.5847

CBSA code

28700

CBSA name

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

Property Tax & Assessments

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