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Property profile & analytics

1920 Eastman Rd Kingsport, TN 37664-2365

  • Turn key restaurants
  • 6,943 SF
  • 1.70 lot acres
OFF-MARKET
Last Sale
Aug 31, 2022
$1,945,000
Value Estimations
$2,095,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US80-0334370
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.

Current Use by Public Records

  • Turn key restaurants

Property Details for 1920 Eastman Rd

Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.70 lot acres
Property size
6,943 SF
Property type
Turn key restaurants
APN
082046L A 01951
APU
082046LA01951

Description

This exceptional 7,100 square foot restaurant property presents a unique investment opportunity in Kingsport, Tennessee. Located at 1920 N Eastman Rd, this single-tenant building sits on a sizable 1.7-acre lot, offering significant visibility and accessibility. The property boasts a prime location within a dense retail corridor along N. Eastman Road, which experiences over 21,000 cars per day. The high traffic count, coupled with limited vacancy in the area and difficult barriers to entry, creates a strong foundation for future success. The property includes ample parking with 138 spaces, ensuring convenient access for patrons. A prominent pylon sign is available, enhancing visibility and brand recognition. The convenient ingress and egress, situated at a signalized intersection, further improves accessibility. This location benefits from close proximity to major retailers, residential areas, and a high school, providing a diverse customer base. The property's annual taxes are $3.22 per square foot. This turnkey restaurant space is ready for immediate occupancy and presents a compelling opportunity for a variety of food service concepts.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $2,240,000
    ML approach
    $2,255,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Kingsport
County
Sullivan
State
Tennessee
Longitude
-82.5194
Latitude
36.5449
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
$169,200
$351,080
$520,280
-
$423,000
$877,700
$1,300,700
More about this property
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