1505 Stone Dr Kingsport, TN 37660
Property Lookup
Property profile & analytics
1505 Stone Dr Kingsport, TN 37660
- Retail space
- 112,512 SF
- 3.97 lot acres
Property ID
US80-1860369
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Chesters / Take-out & Catering / Restaurant
- Sunoco / Gas Station
- Kingsport pit stop / Grocery & Convenience Store
- LibertyX Bitcoin ATM / Atm
- U-Haul Neighborhood Dealer / Car Rental Facility
Property Details for 1505 Stone Dr
- Year built
- 1968
- Lot size
- 3.97 lot acres
- Property size
- 112,512 SF
- Property type
- Retail space
- APN
- 082046L A 01500
- APU
- 082046LA01500
Description
This turnkey Sunoco-branded convenience store and gas station, located at 1505 W Stone Dr, Kingsport, TN 37660, presents a compelling investment opportunity. The 4,898 square foot building, situated on a 0.7-acre lot zoned B-3, underwent a complete renovation in 2019. Improvements include a new roof, HVAC system (12-ton and 8-ton units), paint, flooring, walk-in coolers and freezer, refrigerated displays, and a beer cave. The property boasts five gas islands with new EMV-ready card readers and media-ready pumps dispensing regular, premium, and diesel fuels. A new lighted pylon sign with electronic pricing is also featured. The fuel supply is secured by a 10-year rack-plus-penny contract. Three 12,000-gallon underground steel tanks are regularly inspected and compliant. The business includes a fully equipped kitchen with restaurant-grade fire suppression, fryer, grill, and pressure fryer, capable of resuming cooked food service and deli operations. Additional revenue streams include Chester's Chicken, a deli, pizza sales, novelties, U-Haul rentals, and a Bitcoin-capable ATM. The property enjoys high visibility on West Stone Drive, with over 50,000 average daily vehicles passing by, and is conveniently located within 450 feet of I-26 Exit 1. The asking price is $2,825,000, with a 2023 NOI of $183,625 and a 6.5% cap rate. All FF&E is included. Financial details will be provided to qualified buyers upon execution of a Confidentiality Agreement, non-binding LOI, credit reports, and proof of funds. The owner will consider a 5-year lease with a 5-year renewal option, requiring a $375,000 non-refundable deposit plus inventory, with monthly rent at $5,500 (10% increase during the option period). The business operates Monday-Saturday 7 AM to 10 PM and Sunday 8 AM to 9 PM.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $605,000
- ML approach
- $535,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.5212
- Latitude
- 36.5479
- CBSA code
- 28700
- CBSA name
- KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$347,720
$681,400
$1,029,120
-
$869,300
$1,703,500
$2,572,800
