Restaurant with Outdoor
New
For Sale
$1,350,000
417 W Stone Drive, Kingsport, TN 37660
Commercial Sale, Kingsport, TN
Property Size8,748 SF
Lot Size1.78 Acres
Price / SF$154.32
Days on Market3
Property Features for 417 W Stone Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B 3
Directions
From HMG turn left towards I-26, Building on Left in half-mile. See sign for Baked on Stone.
Subdivision
412 - Highland, Fairacres, Preston For
Standard status
Active
APN
046a H 00125 000
Size
8,748 SF
Lot size
1.78 Acres
Taxes and HOA fees
Tax Annual Amount
6062
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Building materials
Stone, Stucco
Roof type
Metal
Listing Agency:
The Elite Team Agency
(423) 656-0333
Listed By:
Michael Mansy · License #387498
(423) 426-4141
Added: Oct 22
Last Checked: Oct 24 at 3:06AM
MLS# 10002454
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.
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Investment Insights
Based on property information with market context.
This restaurant property occupies 1.78 acres and includes an outdoor deck, multiple dining areas, a bar, kitchen and food-preparation spaces, and restrooms. The building dates to 1986, has stone and stucco construction, a metal roof, and central air. Public water and public sewer serve the site. Restaurant equipment is excluded from the sale.
Located at 417 W Stone Drive in Kingsport, the property sits in an established commercial corridor among residential areas, businesses, shopping, and everyday services. The site is zoned B-3; any use remains subject to applicable zoning requirements and approvals.
Located at 417 W Stone Drive in Kingsport, the property sits in an established commercial corridor among residential areas, businesses, shopping, and everyday services. The site is zoned B-3; any use remains subject to applicable zoning requirements and approvals.
Key Highlights
- 1.78‑acre restaurant property with an outdoor deck
- Existing dining areas, bar, kitchen, food‑preparation spaces, and restrooms
- Zoned B‑3
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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Current Use
Location Intelligence
Trade Area within ½ mile
1,149
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A large paved parking area and outdoor deck complement the existing restaurant layout.
Where is this conventional restaurant located?
The property is located at 417 W 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 restaurant property with an outdoor deck; Existing dining areas, bar, kitchen, food‑preparation spaces, and restrooms; Zoned B‑3
