Technical
Financial
Distress signals
Property profile

2485 Wilcox Dr Kingsport, TN 37660

OFF-MARKET
Hotels
Property ID
US80-3013332
47,504 SF 2 ac lot Built 2021
Entity Owned 6-yr Hold Absentee Owner
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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

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Hotel & Motel

Location

2485 Wilcox Dr Kingsport, TN 37660-7395
Kingsport metro Census 41400 KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA
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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

since 2019
1 recorded transaction
2019
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $4.4M +171.9%
Restaurant $3.9M +139.1%
Retail stores $3.5M +111.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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