116 E MARKET ST
KINGSPORT, TN 37660

$1,280,000

N/A Beds

0 Baths

10,500 Sq Ft

Status Active Under Contract

MLS# 2616812

Fully occupied building offered at a 9.24% cap rate based on existing net income. 1st floor consists of 2 retail tenants (spa / salon and cafe shop) and 2nd story consists of 4 residential lofts. Residential units occupy 5,250 SF of the building. 1st floor is remaining 5,250 SF. Building has 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.

Details for 116 E MARKET ST

Built in 1920

$122 / Sq Ft

240 Days on website

0.12 acres lot

Interior

Living Area

10,500 SqFt.

Building And Construction

Property Sub Type

Retail

Property Type

Commercial

Year Built

1920

Exterior And Lot

Lot Size Acres

0.12

Lot Size Square Feet

5227

Lot Size Units

Acres

Parking Total

Zoning

Commercial

Area And Schools

City

Kingsport

County Or Parish

Sullivan County, Tn

Financial Info

Buyer Agency Compensation^*

Variable

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Additional Info

Status Detail

Under Contract - Showing