You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $2,805,000
Hotels

2485 Wilcox Dr Kingsport, TN 37660-7395

47,504 SF 2 ac lot Built 2021
Entity Owned 6-yr Hold Absentee Owner
Property ID
US80-3013332
Property summary
AI-generated overview

This exceptional 1.5-acre commercial land parcel presents a prime opportunity for a restaurant development in Kingsport, Tennessee. Ideally situated near the bustling Eastman Chemical Company and the Meadowview Convention Center, this location guarantees high visibility and consistent customer traffic from both local employees and convention attendees. The property's strategic placement within a mile of Interstate 26 ensures easy accessibility for travelers. This is not just a standalone restaurant pad; it's part of a larger, vibrant development project. The site benefits from its inclusion within a planned mixed-use development that will feature a 120-unit apartment complex and two hotels – a Fairfield Inn and a TownePlace Suites, adding up to 181 rooms. This synergistic environment will create a significant pool of potential customers for your restaurant, boosting its success. The restaurant pad offers excellent frontage on South Wilcox Drive, providing optimal visibility and convenient access for patrons. This is a rare opportunity to establish a thriving restaurant business in a high-growth area with a built-in customer base. The property is zoned for commercial use and is ready for immediate development. Don't miss this chance to secure a prime location in a thriving Kingsport commercial hub.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 2021
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 47,504 SF
Lot 2 ac (87,120 SF)
APN 082076 00640
UPID US80-3013332
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
Current use
Occupant on record · Public records
  • Fairfield Inn & Suites Kingsport Hotel & Motel
  • Fairfield Inn & Suites by Marriott Kingsport Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.93M
Blend (final) Blend
$2.81M
Owner & transaction history
Kingsport Hospitality INC · 6 yrs held
Kingsport Hospitality INC
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $4.4M +171.9%
Restaurant $3.9M +139.1%
Retail stores $3.5M +111.3%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2485 Wilcox Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message