1833 Netherland Inn Rd Kingsport, TN 37660
- Warehouses
- 5,904 SF
- 0.59 lot acres
Current Use by Public Records
- Simply Fresh Produce Co. / Grocery & Convenience Store / Food Market
Property Details for 1833 Netherland Inn Rd
- Year built
- 1937
- Lot size
- 0.59 lot acres
- Property size
- 5,904 SF
- Property type
- Warehouses
- APN
- 082045K D 00600
- APU
- 082045KD00600
Description
This 5,537 square foot restaurant, built in 1937, is located at 1833 Netherland Inn Rd, Kingsport, TN 37660. Offered at $384,000, the property presents a compelling value-add opportunity in a revitalizing downtown area. The asking price equates to $62.85 per square foot. Situated in Sullivan County, this retail space benefits from its prime location within Kingsport's bustling downtown district, which is experiencing significant revitalization efforts. The property's central location provides easy access to local amenities, and it is ideally positioned to benefit from government incentives and a strong community. This presents a chance for investors to capitalize on the ongoing growth and development of the area. The property's existing structure offers significant potential for renovation and lease optimization, allowing for increased returns on investment. The opportunity zone designation in Kingsport offers additional tax advantages for qualified investors. This makes this restaurant a particularly attractive prospect for those seeking both immediate cash flow and long-term appreciation. The property's location also enhances its appeal to potential tenants and patrons due to its proximity to various amenities.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.5828
- Latitude
- 36.5514
- CBSA code
- 28700
- CBSA name
- KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA
