USATNKingsport115 E Market St
115 E Market St | Image 1
115 E Market St | Image 2
115 E Market St | Image 3

$929,000

Sold

2 years ago

115 E Market St, Kingsport, TN

MLS® 2631882

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes 
Approx. Age 1930
MLS® Number 2631882

Property Address: 115 E Market St, KINGSPORT, TN, 37660-4231

Average square foot calculated using Size range provided by listing agent.

Description

3 historically preserved brick buildings offered at a 9% Cap Rate based on existing net income **115 E Market St. 117 E Market St. *** Partially occupied buildings, one suite in 115 E Market is currently being renegotiated NNN lease 5 year term. Tenant mix consists of a variety of retail tenants including a Cafe shop, Anchor Dispensary, Gift Shop, Pet Spa. Total square foot is 16, 627 SF, total rentable square foot is 7, 401SF. Both Buildings have been fully redeveloped and is part of a broader value add / redevelopment portfolio located in the historic downtown Kingsport, TN region. Portfolio consists of 18 buildings totaling 219, 294 SF priced at $81.28/SF and all centrally located in downtown Kingsport. Ownership is open to partial portfolio, or individual asset sales. Buildings also sit in an Opportunity Zone. Great opportunity to invest early in a growing downtown area.
MLS® Number2631882
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1930
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

Oct 25, 2024End Date
$1,020,000Sold Price

Sold

Mar 16, 2024List Date
$929,000List Price
  • Commute

Commute

Starting Address
Destination Address
115 E Market St, KINGSPORT, TN

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