Restaurant Property with Outdoor
For Sale
$1,350,000
417 Stone Drive, Kingsport, TN 37660
Interior dining, bar, kitchen, and food-preparation areas support a range of restaurant configurations.
Property Size8,748 SF
Lot Size1.78 Acres
Price / SF$154.32
Days on Market9
Property Features for 417 Stone Drive
General Information
Standard status
Active
Size
8,748 SF
Lot size
1.78 Acres
Zoning
B-3
Restaurant
Patio
Yes
Equipment Included
No
Listing Agency:
The Elite Team Agency
(423) 656-0333
Listed By:
Michael Mansy · License #387498
(423) 426-4141
Source:
Exprealty
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 28 at 3:07PM
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 The Elite Team Agency
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Investment Insights
Based on property information with market context.
Set on 1.78 acres, this former restaurant property includes multiple interior dining and gathering areas, a bar, kitchen and food-preparation spaces, and restrooms. An outdoor deck extends the available space for guest use. Restaurant equipment is excluded from the sale.
The property is located on West Stone Drive in Kingsport, within an established commercial corridor with residential neighborhoods, businesses, shopping, and everyday services nearby. The site has paved parking areas and level topography. Property records identify the zoning as B-3; any proposed use remains subject to applicable zoning requirements and approvals.
The property is located on West Stone Drive in Kingsport, within an established commercial corridor with residential neighborhoods, businesses, shopping, and everyday services nearby. The site has paved parking areas and level topography. Property records identify the zoning as B-3; any proposed use remains subject to applicable zoning requirements and approvals.
Key Highlights
- 1.78‑acre parcel on West Stone Drive in Kingsport
- Multiple interior dining and gathering areas, plus a bar
- Kitchen, food‑preparation areas, and restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,510
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,850,200
$1.9M
Cap Rate 7%
$1,321,571
$1.3M
Cap Rate 9%
$1,027,889
$1.0M
Market Conditions
NOI Build-Up for 8,748 SF
Gross rent
$131.2K $15.00/SF
− Vacancy
−$7.9K −$0.90/SF
EGI
$123.3K $14.10/SF
− OpEx
−$30.8K −$3.53/SF
NOI
$92.5K $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%
$1,850,200
Cap Rate 7%
$1,321,571
Cap Rate 9%
$1,027,889
Alternative Uses
Best Use
Specialty Retail
$1.32M
$1.16M – $1.54M
NOI $92,510 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.28M
$2.87M – $3.82M
NOI $229,318 @ 7.0% cap · market cap 16.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,164
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Interior dining, bar, kitchen, and food-preparation areas support a range of restaurant configurations.
Where is this conventional restaurant located?
The property is located at 417 Stone Drive Kingsport, TN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1.78‑acre parcel on West Stone Drive in Kingsport; Multiple interior dining and gathering areas, plus a bar; Kitchen, food‑preparation areas, and restrooms
