Former Bank
For Sale
Contact for pricing
1708 N Eastman Rd, Kingsport, TN 37664
Former bank building with teller line, offices, vault, break room, and restroom, plus 16 parking spaces.
Property Size2,115 SF
Lot Size0.77 Acres
Price / SF$293.14
Days on Market231
Property Features for 1708 N Eastman Rd
General Information
Standard status
Active
Size
2,115 SF
Total Parking Spaces
16
Lot size
0.77 Acres
Property subtype
RETAIL
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
Mitch Cox Realtor, Inc.
(423) 677-8203
Listed By:
John Speropulos, CCIM, SIOR · License #312886
(423) 677-8203
Source:
Moodyscre
Added: Dec 12, 2025
Changed: Jul 29
Last Checked: Jul 31 at 1:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mitch Cox Realtor, Inc.
Investment Insights
Based on property information with market context.
This former bank building is offered for sale on 0.77 acres and includes a teller line, two glass-walled offices, a break room, vault, restroom, and attic storage. The property also provides 16 parking spaces and features five drive-thru lanes that could be removed to add additional parking.
The site has two points of ingress/egress on N Eastman Rd, supporting convenient access. The property is located next to The Chop House steak house, with several schools, Indian Path Hospital, and Eastman Chemical Company nearby.
The existing drive-thru configuration presents a flexible setup for reconfiguration, while the interior layout supports multiple office and back-of-house functions.
The site has two points of ingress/egress on N Eastman Rd, supporting convenient access. The property is located next to The Chop House steak house, with several schools, Indian Path Hospital, and Eastman Chemical Company nearby.
The existing drive-thru configuration presents a flexible setup for reconfiguration, while the interior layout supports multiple office and back-of-house functions.
Key Highlights
- Former bank building on 0.77 acres with teller line, 2 glass‑walled offices, break room, vault, restroom, and attic storage
- 5 drive‑thru lanes could be removed to add parking, plus 16 parking spaces on site
- 2 points of ingress/egress on N Eastman Rd provide access to the site
Financial Insights For 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 | $48.7k | $23.04 |
| − Vacancy | −$2.0k | −$0.97 |
| EGI | $46.7k | $22.07 |
| − OpEx | −$14.0k | −$6.62 |
| NOI | $32.7k | $15.45 |
2,115 SF · lease $23.04/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$466.8K
$408.5K – $544.6K
NOI $32,678 @ 7.0% cap · market cap 5.27%
Second Best
Specialty Retail
$319.5K
$279.6K – $372.8K
NOI $22,366 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$792.0K
$693.0K – $924.0K
NOI $55,442 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
582
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Former bank building with teller line, offices, vault, break room, and restroom, plus 16 parking spaces.
Where is this bank located?
The property is located at 1708 N Eastman Rd Kingsport, TN.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Former bank building on 0.77 acres with teller line, 2 glass‑walled offices, break room, vault, restroom, and attic storage; 5 drive‑thru lanes could be removed to add parking, plus 16 parking spaces on site; 2 points of ingress/egress on N Eastman Rd provide access to the site
