1080 Lynn Garden DrKingsport, TN 37665

Property Details for 1080 Lynn Garden Dr

Year built

1987

Construction

WOOD

Lot size

150.00 AC

Property size (Sq ft)

4,530 SF

Property type

Retail properties

Property subtype

Auto shops

APN

082029L E 04300

APU

082029LE04300

Description

Exceptional investment opportunity in Kingsport, Tennessee, featuring four commercial buildings totaling 9,880 square feet on multiple parcels at 1080 and 1074 Lynn Garden Drive and 1079 Lynn Avenue. The property includes an additional lot at 1079 Fairway Avenue. Building 1 (4,080 sq ft) boasts 13-foot ceilings, four bays, two offices, two bathrooms, a shower, air compressors, and a 120-gallon propane tank. Building 2 (3,496 sq ft) offers several offices and three bathrooms. Buildings 3 (1,344 sq ft) and 4 (960 sq ft) each feature 16-foot overhead doors. All buildings have 200-amp service and separate meters

• CAP approach

  CAP return

  Valuation

  6%

  $1,285,019

  6.5%

  $1,186,171

  7%

  $1,101,445

• Comparable approach

  Method

  Valuation

  Relative Method

  $939,846

  Geo Method

  $939,846

• Alternative Use

  Use

  Valuation

  Residential

  $1,000,580

  Hospitality

  $916,526

  Educational

  $762,539

  Medical

  $788,764

  Retail

  $1,186,171

Location Insight

City

Kingsport

County

Sullivan

State

Tennessee

Latitude

36.5746

Longitude

-82.5675

CBSA code

28700

CBSA name

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

Property Tax & Assessments

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