Restaurant Property With Multiple
For Sale
$1,595,000
Pending
1225 E Stone Drive, Kingsport, TN 37660
Commercial Sale, Kingsport, TN
Property Size13,000 SF
Lot Size0.97 Acres
Days on Market892
Property Features for 1225 E Stone Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B3
Directions
From I-81N, Take exit 59 for TN-36 toward Kingsport/Johnson City. Turn left onto Fort Henry Dr. Continue straight to stay on TN-36 N/Fort Henry Dr. Merge onto TN-93 N via the ramp to Bristol. Slight right onto the US-11W S ramp. Merge onto US11W N/E Stone Dr.
Subdivision
412 - Highland, Fairacres, Preston For
Standard status
Pending
APN
046l A 003.00
Size
13,000 SF
Lot size
0.97 Acres
Taxes and HOA fees
Tax Annual Amount
8790
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
multiple fireplaces
3 car garage
dumbwaiter
Building Details
Year built
1957
Building materials
Block, Wood Siding
Roof type
Metal
Listing Agency:
The Addington Agency Bristol
(423) 845-5800
Listed By:
Garrett Addington · License #337697
(423) 646-1060
Added: Apr 30, 2024
Changed: Aug 27
Last Checked: Oct 8 at 3:06AM
MLS# 9965178
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 13,000-square-foot restaurant property sits on approximately 0.97 acres and includes multiple outfitted commercial kitchens, a full bar, ADA-compliant bathrooms, executive offices, walk-in freezers, and a dumbwaiter. Additional improvements include residential apartments, multiple fireplaces, a three-car garage, 3-phase power, a metal roof, and heat-pump heating and cooling. Public water and sewer serve the site. Built in 1957, the property is currently configured for restaurant use and carries B3 zoning.
The building is positioned at a signalized intersection on E Stone Drive in Kingsport, with multiple ingress and egress points. The site benefits from reported traffic exceeding 31,000 vehicles per day and access to nearby highways and interstates. The sale includes the building and associated property; the operating business, trade name, and related intellectual property are excluded.
The building is positioned at a signalized intersection on E Stone Drive in Kingsport, with multiple ingress and egress points. The site benefits from reported traffic exceeding 31,000 vehicles per day and access to nearby highways and interstates. The sale includes the building and associated property; the operating business, trade name, and related intellectual property are excluded.
Key Highlights
- 13,000 square feet on approximately 0.97 acres
- B3 zoning with existing restaurant configuration
- Multiple fully equipped commercial kitchens and full bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,475
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,749,500
$2.7M
Cap Rate 7%
$1,963,929
$2.0M
Cap Rate 9%
$1,527,500
$1.5M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$195.0K $15.00/SF
− Vacancy
−$11.7K −$0.90/SF
EGI
$183.3K $14.10/SF
− OpEx
−$45.8K −$3.53/SF
NOI
$137.5K $10.58/SF
Area
Sullivan County, TN
Vacancy
6.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,749,500
Cap Rate 7%
$1,963,929
Cap Rate 9%
$1,527,500
Alternative Uses
Best Use
Specialty Retail
$1.96M
$1.72M – $2.29M
NOI $137,475 @ 7.0% cap · market cap 8.62%
Second Best
Industrial
$1.23M
$1.08M – $1.44M
NOI $86,104 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$4.87M
$4.26M – $5.68M
NOI $340,779 @ 7.0% cap · market cap 21.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
31,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37660, TN
39,479
Population
20,405
Households
1.9
Avg Household Size
45
Median Age
24%
College-Educated
88%
High-School Grad
65.7 sq mi
ZIP Area
601
Density / Sq Mi
$46,913
Median Household Income
$34,164
Median Earnings
$833
Median Rent
$177,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - B3-zoned property with restaurant improvements, residential apartments, and multiple points of access.
Where is this conventional restaurant located?
The property is located at 1225 E Stone Drive Kingsport, TN.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 13,000 square feet on approximately 0.97 acres; B3 zoning with existing restaurant configuration; Multiple fully equipped commercial kitchens and full bar
