4250 Fort Henry Dr Kingsport, TN 37663
- Turn key restaurants
- 2,064 SF
- 150.00 lot acres
Current Use by Public Records
- Casa Nostra / Restaurant
- Collective Insurance TN / Insurance Agency
Property Details for 4250 Fort Henry Dr
- Year built
- 1986
- Lot size
- 150.00 lot acres
- Property size
- 2,064 SF
- Zone code
- B-4
- Property type
- Turn key restaurants
- APN
- 082092J C 05520
- APU
- 082092JC05520
Description
This exceptional 4,200 square foot vacant restaurant building presents a unique opportunity in Kingsport, Tennessee. Situated on a 0.86-acre lot zoned B-4, this single-tenant property boasts a prime location off Exit 59 of I-81 in the Colonial Heights area. The building benefits from high visibility and significant daily traffic counts (31,000 CPD) directly in front of the site. Its strategic placement within a dense retail corridor ensures high foot and vehicle traffic, surrounded by established businesses including Walmart, Taco Bell, Ingles, Bojangles, AutoZone, and McDonald's. The property's proximity to major employers, such as Eastman Chemical Company (3 miles away), and downtown Kingsport (4 miles away), further enhances its appeal and potential for a thriving business. This is one of the last remaining available sites near the highway exit, making it a rare and highly desirable investment opportunity. The property's size and location make it ideal for a variety of restaurant concepts or potential redevelopment. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,100,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $855,000
- 6.5%
- $765,000
- 7%
- $825,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $770,000
- Geo Method
- $845,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $845,000
- Retail
- $905,000
- Mixed-Use
- $810,000
- Hospitality
- $730,000
- Educational
- $855,000
- Residential Income
- $870,000
- Energy
- $760,000
- Income-Based Land
- $830,000
- Food Service
- $965,000
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.4997
- Latitude
- 36.482
- CBSA code
- 28700
- CBSA name
- KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA