117 Sevier AveKingsport, TN 37660

Property Details for 117 Sevier Ave

Year built

1993

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

327.00 AC

Property size (Sq ft)

28,571 SF

Property type

Medical offices

Property subtype

Medical centers

APN

082046H P 02200

APU

082046HP02200

Description

This well-maintained Class B medical office building, Sevier Center, offers a fantastic opportunity for medical practices seeking space within the Ballad Health Holston Valley Medical Center campus. Located at 117 West Sevier Ave, Kingsport, TN 37660, this property boasts convenient access to major highways and a high-traffic area. The building totals 28,571 square feet and comprises four suites, with ample on-site parking available for patients and staff. Currently, 18,157 square feet of space is available, offering flexibility for various practice sizes. Individual suites range from a minimum of 1,006 square feet to a maximum contiguous space of 8,771 square feet, catering to a variety of needs. The building's location within the medical center campus provides excellent synergy and visibility for medical professionals. This is an exceptional opportunity to establish or expand your medical practice in a thriving Kingsport community. The property is situated in Kingsport County, Tennessee, offering a strategic location for medical services. All necessary amenities for a successful medical practice are readily available.

• CAP approach

  CAP return

  Valuation

  6%

  $5,517,953

  6.5%

  $5,093,495

  7%

  $4,729,674

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,352,250

  Geo Method

  $2,352,250

• Alternative Use

  Use

  Valuation

  Residential

  $6,315,934

  Hospitality

  $5,785,362

  Educational

  $4,813,353

  Medical

  $4,978,892

  Retail

  $7,487,438

Location Insight

City

Kingsport

County

Sullivan

State

Tennessee

Latitude

36.5519

Longitude

-82.5554

CBSA code

28700

CBSA name

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

Property Tax & Assessments

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