10431 Wallace Alley StKingsport, TN 37663

Property Details for 10431 Wallace Alley St

Year built

2003

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.73 AC

Property size (Sq ft)

20,653 SF

Property type

Office properties

Property subtype

Other office properties

APN

082094 00925

APU

8209400925

Description

This exceptional Kingsport, Tennessee office complex presents a unique investment opportunity. Two connected buildings, totaling 37,690 square feet, are situated on a 4.73-acre lot zoned MX (Mixed-Use District). Building A, at 18,398 square feet, features a large lobby with reception, 17 offices, a spacious open work area, a large training room with a folding partition, four conference rooms, a sizable break room, a small kitchenette, and a gym with separate men's and women's dressing rooms. Building B, encompassing 19,292 square feet, includes an entry vestibule and lobby, five offices, multiple large open work areas, a break room, two conference rooms, and a high-ceiling warehouse area with a roll-up drive-in door. A significant asset is the 313 kW Cummins diesel generator, ensuring reliable power. Both buildings boast wet sprinkler systems and ample parking is provided, with convenient access via two points of ingress and egress. The property is conveniently located near the Tri-Cities Airport, easily accessible from I-81 via exit 63. The asking price for this Class B property, built in 2003 and 2006, is $5,200,000. This is an owner/user opportunity with significant potential. The property's address is 10431 Wallace Alley St, Kingsport, TN 37663. The Sullivan County location and ample space make this a compelling investment.

• CAP approach

  CAP return

  Valuation

  6%

  $3,985,447

  6.5%

  $3,678,874

  7%

  $3,416,098

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,700,362

  Geo Method

  $1,700,362

• Alternative Use

  Use

  Valuation

  Residential

  $4,561,804

  Hospitality

  $4,178,588

  Educational

  $3,476,536

  Medical

  $3,596,100

  Retail

  $5,407,945

Location Insight

City

Kingsport

County

Sullivan

State

Tennessee

Latitude

36.4833

Longitude

-82.4174

CBSA code

28700

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@paperhouses.co and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@paperhouses.co.