Commercial Land with
New
For Sale
$450,000
140 Island Road, Kingsport, TN 37664
Commercial Sale, Kingsport, TN
Property Size2,142 SF
Lot Size6.59 Acres
Price / SF$210.08
Days on Market4
Property Features for 140 Island Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B 3
Subdivision
Not In Subdivision
Directions
I81 to Hwy 126 toward Kingsport on Memorial Blvd., turn right onto Island Road. Property is immediately on the right.
Standard status
Active
APN
048 093.50
Size
2,142 SF
Lot size
6.59 Acres
Taxes and HOA fees
Tax Annual Amount
788
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Oil, Heat Pump (Heating), Central
Cooling system
Central Air, Heat Pump
Water source
Public
Building Details
Year built
1945
Building materials
Block, Vinyl Siding, Wood Siding
Roof type
Shingle
Listing Agency:
CENTURY 21 Legacy · Century 21 Real Estate
(423) 282-1885
Listed By:
Mike Garber · License #309448
(423) 426-4942
Added: Oct 3
Last Checked: Oct 6 at 10:06PM
MLS# 10001722
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.
The 6.59-acre commercial land parcel includes a block building with a 12' x 10' overhead door and side loading bays. A separate existing house is also on the tract; renovation for office or other functions would be subject to zoning and required approvals. The property is zoned B 3.
Road access is available from Island Road and Highway 126, with Interstate 81 less than 3 miles away. The parcel has frontage along a road and two potential access points. Existing improvements and the acreage are part of the offering.
Road access is available from Island Road and Highway 126, with Interstate 81 less than 3 miles away. The parcel has frontage along a road and two potential access points. Existing improvements and the acreage are part of the offering.
Key Highlights
- 6.59 acres of commercial land
- Zoned B 3
- Access points from Island Road and Highway 126
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,227
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,540
$344.5K
Cap Rate 7%
$246,100
$246.1K
Cap Rate 9%
$191,411
$191.4K
Market Conditions
NOI Build-Up for 2,142 SF
Gross rent
$21.3K $9.96/SF
− Vacancy
−$1.1K −$0.50/SF
EGI
$20.3K $9.46/SF
− OpEx
−$3.0K −$1.42/SF
NOI
$17.2K $8.04/SF
Area
Sullivan County, TN
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,540
Cap Rate 7%
$246,100
Cap Rate 9%
$191,411
Alternative Uses
Best Use
Warehouse
$246.1K
$215.3K – $287.1K
NOI $17,227 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$802.1K
$701.9K – $935.8K
NOI $56,150 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 37664, TN
28,748
Population
13,914
Households
2.1
Avg Household Size
44
Median Age
34%
College-Educated
92%
High-School Grad
33.9 sq mi
ZIP Area
848
Density / Sq Mi
$61,164
Median Household Income
$37,047
Median Earnings
$817
Median Rent
$204,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - B 3-zoned acreage includes a block building, a separate house, and access from two roads.
Where is this commercial land located?
The property is located at 140 Island Road Kingsport, TN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 6.59 acres of commercial land; Zoned B 3; Access points from Island Road and Highway 126
