1833 Netherland Inn RdKingsport, TN 37660

Property Details for 1833 Netherland Inn Rd

Year built

1937

Lot size

0.59 AC

Property size (Sq ft)

5,904 SF

Property type

Industrial properties

Property subtype

Other warehouses

APN

082045K D 00600

APU

082045KD00600

Description

This 5,537 square foot restaurant, built in 1937, is located at 1833 Netherland Inn Rd, Kingsport, TN 37660. Offered at $384,000, the property presents a compelling value-add opportunity in a revitalizing downtown area. The asking price equates to $62.85 per square foot. Situated in Sullivan County, this retail space benefits from its prime location within Kingsport's bustling downtown district, which is experiencing significant revitalization efforts. The property's central location provides easy access to local amenities, and it is ideally positioned to benefit from government incentives and a strong community. This presents a chance for investors to capitalize on the ongoing growth and development of the area. The property's existing structure offers significant potential for renovation and lease optimization, allowing for increased returns on investment. The opportunity zone designation in Kingsport offers additional tax advantages for qualified investors. This makes this restaurant a particularly attractive prospect for those seeking both immediate cash flow and long-term appreciation. The property's location also enhances its appeal to potential tenants and patrons due to its proximity to various amenities.

• Alternative Use

  Use

  Valuation

  Residential

  $1,304,067

  Hospitality

  $1,194,518

  Educational

  $993,825

  Medical

  $1,028,004

  Retail

  $1,545,950

Location Insight

City

Kingsport

County

Sullivan

State

Tennessee

Latitude

36.5514

Longitude

-82.5828

CBSA code

28700

CBSA name

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

Property Tax & Assessments

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