Kingsport Commercial Property For
For Sale
$1,595,000
Pending
1225 E Stone Drive, Kingsport, TN 37660
COMMERCIAL - Kingsport, TN
Property Size13,000 SF
Lot Size0.97 Acres
Days on Market828
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
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 4
Last Checked: Aug 4 at 11:06PM
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 commercial property, located in Kingsport, TN, offers an investment opportunity with over 13,000 square feet of usable space on a 0.97 +/- acre site. Zoned B3, the property presents redevelopment potential or the possibility of continuing its legacy as a restaurant. The flexible zoning allows for various uses, including a restaurant, QSR, financial institution, retail establishment, or professional service hub. Situated on a signalized intersection on Stone Dr, the property benefits from high visibility, a pylon sign, and local recognition, with an average daily traffic count of over 31,000. Currently operating as a restaurant, it features multiple fully outfitted commercial kitchens, a full bar, ADA compliant bathrooms, and executive offices. Additional amenities include 3-phase power, multiple walk-in freezers, residential apartments, multiple fireplaces, a 3-car garage, and a dumbwaiter. The property offers multiple points of ingress and egress, with easy access to nearby highways and interstates. This listing pertains exclusively to the building and its associated property.
Key Highlights
- High‑visibility location on Stone Dr with over 31,000+ average daily traffic count (ADTC) and a signalized intersection.
- Large 13,000+ sqft building on a 0.97 +/- acre site with B3 zoning, suitable for redevelopment or continued restaurant use.
- Equipped with multiple fully outfitted commercial kitchens, a full bar, ADA compliant bathrooms, and multiple walk‑in freezers.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $195.0k | $15.00 |
| − Vacancy | −$11.7k | −$0.90 |
| EGI | $183.3k | $14.10 |
| − OpEx | −$45.8k | −$3.53 |
| NOI | $137.5k | $10.58 |
13,000 SF · lease $15.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$2.87M
$2.51M – $3.35M
NOI $200,858 @ 7.0% cap · market cap 12.59%
Second Best
Specialty Retail
$1.96M
$1.72M – $2.29M
NOI $137,475 @ 7.0% cap · market cap 8.62%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
219
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
Market
Properties on Market for Restaurants in Kingsport
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Restaurant - Iconic 13,000+ sqft property with B3 zoning on 0.97 acres.
Where is this 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: High‑visibility location on Stone Dr with over 31,000+ average daily traffic count (ADTC) and a signalized intersection.; Large 13,000+ sqft building on a 0.97 +/- acre site with B3 zoning, suitable for redevelopment or continued restaurant use.; Equipped with multiple fully outfitted commercial kitchens, a full bar, ADA compliant bathrooms, and multiple walk‑in freezers.
