105 Park DrKingsport, TN 37660

Property Details for 105 Park Dr

Year built

1990

Lot size

1.93 AC

Property size (Sq ft)

43,584 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

082046G F 00500

APU

082046GF00500

Description

This exceptional Class B medical office building, situated on the Ballad Health Holston Valley Medical Center campus in Kingsport, Tennessee, presents a unique investment opportunity. The property, located at 105 West Park Drive, zip code 37660, offers a total of 44,503 square feet of space, currently featuring three suites. A significant portion of the building, totaling 25,749 square feet, is currently vacant and available for lease. The flexible space caters to various medical office needs, with a minimum divisible space of 3,946 square feet and a maximum contiguous space of 11,803 square feet. The building is well-maintained and offers ample on-site parking, providing convenient access for patients and staff. Its prime location within a densely populated area ensures high visibility and accessibility, with easy access to major highways. This property is ideal for medical practices seeking a well-established presence within a thriving healthcare community. The building's flexible layout and ample square footage provide opportunities for expansion or consolidation, making it a versatile option for various medical businesses. The property is located in Sullivan County, Tennessee. This is a rare opportunity to secure a prominent location within a highly sought-after medical corridor.

• CAP approach

  CAP return

  Valuation

  6%

  $8,410,485

  6.5%

  $7,763,525

  7%

  $7,208,988

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,588,271

  Geo Method

  $3,588,271

• Alternative Use

  Use

  Valuation

  Residential

  $9,626,771

  Hospitality

  $8,818,070

  Educational

  $7,336,531

  Medical

  $7,588,846

  Retail

  $11,412,382

Location Insight

City

Kingsport

County

Sullivan

State

Tennessee

Latitude

36.5527

Longitude

-82.5525

CBSA code

28700

CBSA name

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

Property Tax & Assessments

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