1001 Stone Dr Kingsport, TN 37660
- Commercial real estate
- 25,282 SF
- 3.82 lot acres
Current Use by Public Records
- Plato's Closet - Kingsport, TN / Used Clothing Store / Clothing Store
- 1st Franklin Financial / Loan Agency / Financial Institution
- Planet Vapor / Vaporizer Store
- CBD Plus USA / Vaporizer Store / Cannabis Store
- Moto Japanese Restaurant Stone Drive / Japanese Restaurant / Asian Restaurant
Property Details for 1001 Stone Dr
- Year built
- 1986
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 3.82 lot acres
- Property size
- 25,282 SF
- Property type
- Commercial real estate
- APN
- 082046F A 00600
- APU
- 082046FA00600
Description
This exceptional Kingsport, Tennessee property, Times Square Shopping Center, offers a unique investment opportunity. Located at 1001 E Stone Dr, Kingsport, TN 37660, this single-story, 23,410 square foot building sits on a 3.82-acre lot. Built in 1986, the property is zoned B-3 and features a convenient strip center design with multiple tenancies. Currently, two spaces are available for lease, ranging from 1,565 to 5,012 square feet, ideal for a variety of retail or office uses. The center enjoys a high-traffic location across from The Home Depot on East Stone Drive, a major retail corridor approximately one mile from the Eastman Road intersection. High visibility is ensured by a prominent pylon sign. Employee parking is conveniently located behind the building. Access from I-26 is straightforward: take exit 1 and travel east on E Stone Drive for approximately 2.7 miles
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,345,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,640,000
- 6.5%
- $1,645,000
- 7%
- $1,585,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,545,000
- Geo Method
- $1,415,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,385,000
- Retail
- $1,400,000
- Mixed-Use
- $1,420,000
- Hospitality
- $1,695,000
- Educational
- $1,775,000
- Residential Income
- $1,365,000
- Energy
- $1,690,000
- Income-Based Land
- $1,800,000
- Food Service
- $1,700,000
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.533
- Latitude
- 36.5524
- CBSA code
- 28700
- CBSA name
- KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA
