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    2539 Stone Dr Kingsport, TN 37660

    Sponsored
    For Sale
    $2,000,000

    Restaurant Building, 2.66 Acres, High Growth Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 2539 E Stone Drive in Kingsport, Tennessee, presents a unique investment opportunity. The 2.66-acre lot is zoned B-4, offering significant potential for a variety of commercial uses. The property includes an existing restaurant building with a rich 40-year history in the Kingsport community, establishing a strong foundation for continued success. Its prime location on E Stone Drive benefits from high visibility and significant traffic flow. The area is experiencing substantial growth, making this a particularly attractive investment for entrepreneurs and businesses seeking to capitalize on Kingsport's expanding market. The property's established presence and the area's promising future combine to create a compelling opportunity for significant return on investment. The asking price for this remarkable property is $2,000,000. The property is situated in Sullivan County, Tennessee, with a zip code of 37660. This well-known location offers immediate access to a large customer base and presents a turnkey solution for a new restaurant or a variety of other commercial ventures. The property's size and zoning provide ample space for expansion or redevelopment, catering to a range of business needs and future growth.

    Property Features for 2539 Stone Dr

    General Information

    Property type
    Land
    Lot Size
    115,870 SF

    HighLights

    • 2.66‑acre lot zoned B‑4 in Kingsport, TN.
    • Existing restaurant building with a 40‑year history.
    • Prime E Stone Drive location with high visibility and traffic.
    • $2,000,000 asking price.
    • Located in Sullivan County, TN, zip code 37660.
    Property Profile Location Intelligence

    Current Use by Public Records

    Giuseppe's Italian Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.498716207695
    Latitude
    36.547926642313

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    FAQs

    What type of property is this?
    Land - Restaurant Building, 2.66 Acres, High Growth Area
    Where is this land located?
    The property is located at 2539 Stone Dr Kingsport, TN.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 2.66-acre lot zoned B-4 in Kingsport, TN.; Existing restaurant building with a 40-year history.; Prime E Stone Drive location with high visibility and traffic.
    Request Owner's contact information
    2539 Stone Dr Kingsport, TN 37660
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2539 Stone Dr Kingsport, TN 37660
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