2539 Stone DrKingsport, TN 37660

Property Details for 2539 Stone Dr

Year built

1987

Lot size

1.10 AC

Property size (Sq ft)

7,294 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

082047 03130

APU

8204703130

Description

This exceptional commercial property, located at 2539 E Stone Drive in Kingsport, Tennessee, presents a unique investment opportunity. The 2.66-acre lot is zoned B-4, offering significant potential for a variety of commercial uses. The property includes an existing restaurant building with a rich 40-year history in the Kingsport community, establishing a strong foundation for continued success. Its prime location on E Stone Drive benefits from high visibility and significant traffic flow. The area is experiencing substantial growth, making this a particularly attractive investment for entrepreneurs and businesses seeking to capitalize on Kingsport's expanding market. The property's established presence and the area's promising future combine to create a compelling opportunity for significant return on investment. The asking price for this remarkable property is $2,000,000. The property is situated in Sullivan County, Tennessee, with a zip code of 37660. This well-known location offers immediate access to a large customer base and presents a turnkey solution for a new restaurant or a variety of other commercial ventures. The property's size and zoning provide ample space for expansion or redevelopment, catering to a range of business needs and future growth.

• CAP approach

  CAP return

  Valuation

  6%

  $2,069,079

  6.5%

  $1,909,919

  7%

  $1,773,496

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,513,298

  Geo Method

  $1,513,298

• Alternative Use

  Use

  Valuation

  Residential

  $1,611,088

  Hospitality

  $1,475,748

  Educational

  $1,227,805

  Medical

  $1,270,031

  Retail

  $1,909,919

Location Insight

City

Kingsport

County

Sullivan

State

Tennessee

Latitude

36.5472

Longitude

-82.4985

CBSA code

28700

CBSA name

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

Property Tax & Assessments

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