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Property profile & analytics
FOR LEASE
Turn key restaurants

1920 N Eastman Rd Kingsport, TN 37664

6,943 SF 1.7 ac lot Built 2000
Entity Owned 3-yr Hold Free & Clear
Property ID
US80-0334370
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2000
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,943 SF
Lot 1.7 ac (74,052 SF)
APN 082046L A 01951
UPID US80-0334370
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.26M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.10M
Owner & transaction history
Kingsport Oc Venture LLC · 3 yrs held
Kingsport Oc Venture LLC
since 2022
Last sale
$1.9M
6 recorded transactions
2022
$1.9M
2011
$89,117
2008
Price N/A
2004
$1.3M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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