1916 Sherwood RdKingsport, TN 37664

Property Details for 1916 Sherwood Rd

Year built

1940

Lot size

83.00 AC

Property size (Sq ft)

1,841 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

082061L D 01700

APU

082061LD01700

Description

This exceptional commercial property, located at 1916 Sherwood Road in Kingsport, Tennessee, presents a unique investment opportunity. The 1,596 square foot building sits on a 0.18-acre lot and is being offered for sale "as is." Previously occupied by Nick's Restaurant, this location boasts excellent visibility and is ideally suited for a variety of retail businesses. The building's existing layout offers ample space for customization to meet the needs of a new tenant. The property's convenient location within Kingsport provides easy access to major roadways and a strong customer base. This is a chance to acquire a well-situated commercial property in a thriving area at an attractive price point of $250,000. The property's "as is" condition allows for creative redevelopment and customization, making it an ideal canvas for an entrepreneur's vision. Serious inquiries are encouraged to explore the potential of this prime retail space and capitalize on this exceptional investment opportunity in the heart of Kingsport. The 0.18-acre lot offers ample space for potential expansion or outdoor seating, depending on the intended use. Don't miss this chance to own a piece of Kingsport's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $522,234

  6.5%

  $482,062

  7%

  $447,629

• Comparable approach

  Method

  Valuation

  Relative Method

  $381,955

  Geo Method

  $381,955

• Alternative Use

  Use

  Valuation

  Residential

  $406,637

  Hospitality

  $372,478

  Educational

  $309,897

  Medical

  $320,555

  Retail

  $482,062

Location Insight

City

Kingsport

County

Sullivan

State

Tennessee

Latitude

36.5291

Longitude

-82.5249

CBSA code

28700

CBSA name

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

Property Tax & Assessments

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