Brick Storefront
New
For Sale
$278,000
2805 E Center St, Kingsport, TN 37664
Built in 1982, the building is operating as a hair salon, and salon equipment may remain.
Property Size984 SF
Price / SF$282.52
Days on Market6
Property Features for 2805 E Center St
General Information
Standard status
Active
Size
984 SF
Property subtype
Commercial
Additional Details
Asking Price
$278,000
Corner Location
Yes
Building Details
Year Built
1982
Buildings
1
Construction
brick
Listing Agency:
REMAX Cavaliers
Listed By:
Randy Wampler · License #0225218272
(276) 870-5375
Source:
Easttennesseelistings
Added: Oct 10
Changed: Oct 15
Last Checked: Oct 15 at 2:22AM
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 REMAX Cavaliers
Investment Insights
Based on property information with market context.
This brick storefront at 2805 E Center St in Kingsport is currently used as a hair salon. The building dates to 1982, and salon equipment may remain for a buyer continuing that use.
The property occupies a corner lot and includes an additional lot. Fort Henry Mall is nearby.
The property occupies a corner lot and includes an additional lot. Fort Henry Mall is nearby.
Key Highlights
- Corner lot with an additional lot
- Current use is a hair salon
- Salon equipment may remain
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,203
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,060
$304.1K
Cap Rate 7%
$217,186
$217.2K
Cap Rate 9%
$168,922
$168.9K
Market Conditions
NOI Build-Up for 984 SF
Gross rent
$22.7K $23.04/SF
− Vacancy
−$952 −$0.97/SF
EGI
$21.7K $22.07/SF
− OpEx
−$6.5K −$6.62/SF
NOI
$15.2K $15.45/SF
Area
Sullivan County, TN
Vacancy
4.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,060
Cap Rate 7%
$217,186
Cap Rate 9%
$168,922
Alternative Uses
Best Use
Retail
$217.2K
$190.0K – $253.4K
NOI $15,203 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$368.5K
$322.4K – $429.9K
NOI $25,794 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Under-served
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Built in 1982, the building is operating as a hair salon, and salon equipment may remain.
Where is this storefront property located?
The property is located at 2805 E Center St Kingsport, TN.
What is the asking price?
The asking price for this property is $278,000.
What are key features of this property?
This property features: Corner lot with an additional lot; Current use is a hair salon; Salon equipment may remain
