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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 Eastman Rd Kingsport, TN 37664

156,009 SF 12 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Total area 156,009 SF
Lot 12 ac (522,720 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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