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    Eastman Rd Kingsport, TN 37664

    Sponsored
    For Lease
    $12 SF/Yr

    Kingsport, TN Retail Opportunity

    Lot size:
    156,009 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    Green Acres Shopping Center, located at N Eastman Rd, Kingsport, TN 37664, presents a compelling retail investment opportunity. This 156,009 square foot shopping center sits on 12 acres of land and comprises three single-story buildings with 34 suites, offering spaces ranging from 820 to 22,741 contiguous square feet. Currently, 37,596 square feet are vacant, providing immediate potential for new tenants. The center boasts a diverse tenant mix including well-established national and local businesses such as Ollie's Bargain Outlet, Dollar General, Goodwill, and several salons, boutiques, and professional offices. Its prime location in Kingsport, near Eastman Chemical Company (7,000+ employees), Dobbins-Bennett High School, Fort Henry Mall, and numerous residential areas, ensures high visibility and significant foot traffic. The B4P zoning allows for flexibility, and the center's proximity to other major employers like Domtar, Ballad Health Systems, and BAE Systems further strengthens its appeal. With several long-term tenants and a competitive market position, Green Acres offers a stable investment with significant upside potential for expansion or new business ventures. The property is conveniently located less than 2.5 miles from the revitalized downtown area and benefits from its central location within a half-mile radius of key community landmarks. The property's address is further identified by its cross streets, Hermitage DR/Ormond DR, and its APN is 061E G 001.00 - 061E G 001.02.

    Property Features for 0 Eastman Rd

    General Information

    Property type
    Medical space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    156,009 SF
    Total Rate
    156009

    Building Details

    Buildings
    3
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 1119
    Size
    1,826 SF
    Rate per SF
    $12
    Space
    Suite 1139
    Size
    1,584 SF
    Rate per SF
    $12
    Space
    Suite 1189
    Size
    22,741 SF
    Rate per SF
    $12
    Space
    Suite 1157
    Size
    4,975 SF
    Rate per SF
    $12
    Space
    Suite 1175
    Size
    3,200 SF
    Rate per SF
    $12
    Space
    Suite 1169
    Size
    1,200 SF
    Rate per SF
    $12
    Space
    Suite 1171
    Size
    7,145 SF
    Rate per SF
    $12

    HighLights

    • Excellent location near Eastman Chemical Company, Fort Henry Mall, and Dobbins Bennett High School.
    • Convenient access with easy ingress and egress.
    • Situated in a desirable, high‑density residential neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical space

    Map

    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.53084445
    Latitude
    36.52918971

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    FAQs

    What type of property is this?
    Medical space - Kingsport, TN Retail Opportunity
    Where is this medical space located?
    The property is located at Eastman Rd Kingsport, TN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Excellent location near Eastman Chemical Company, Fort Henry Mall, and Dobbins Bennett High School.; Convenient access with easy ingress and egress.; Situated in a desirable, high-density residential neighborhood.
    Request Owner's contact information
    Eastman Rd Kingsport, TN 37664
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    Kingsport, TN 37664
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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
    Eastman Rd Kingsport, TN 37664
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