2060 Fort Henry Dr - Bank FOR SALE


Kingsport, TN 37664
$4,000,000 USD
423-427-4855
2060 Fort Henry Dr, Kingsport, TN for Sale
$4,000,000 USD
Bank - FOR SALE
1/11
null | Request Cap Rate

2060 Fort Henry Dr
Kingsport, TN 37664


HIGHLIGHTS

  • Providing an excellent opportunity for businesses looking to establish a prominent presence in the area.
  • A prominent pylon sign enhances visibility, ensuring the property stands out in the bustling commercial landscape.
  • Offering convenience and accessibility, the drive-thru feature adds value for businesses with specific operational requirements.
  • Frontage to more than 20,000 VPD on Fort Henry Drive provides visibility and convenient access.

OVERVIEW

Nestled in the thriving city of Kingsport, Tennessee, 2060 Fort Henry Dr stands as a prime investment opportunity for those seeking a retail property with exceptional features. Priced at $4,000,000 with a competitive $298 per square foot, this 13,416 square feet, two-story building is a testament to modern design and functionality. The building was originally built for a bank financial service and there was a restriction against this use that is set to expire 2/23/2025. This is an outstanding building that would be a perfect fit for a financial center with an abundance of parking. Constructed in 1998, the property boasts a Building Class B designation, ensuring a solid foundation for diverse business uses. Its strategic location in the GC - Commercial zone, spanning 1.89 acres, offers versatility for potential investors, whether for an owner-user or as part of an investment portfolio. The building's unique offering includes a ground lease option, providing additional flexibility for potential investors. The property's frontage of 171 feet on Fort Henry Dr ensures visibility and accessibility, contributing to its appeal for businesses seeking a strategic location. Beyond its immediate attributes, the property capitalizes on its location's growth potential. With a population set to increase by 2.9% from 2023 to 2028 and a projected consumer spending of over $1.1 billion in 2028, the property aligns with the dynamic economic landscape of Kingsport.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$298 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,328 SF

ZONING

GC

APN/PARCEL ID

061L-D-021.00

ASK ABOUT THIS PROPERTY

Russell TaylorTri Elite HoldingsMore Info
423-427-4855

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Russell TaylorTri Elite HoldingsMore Info
423-427-4855

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.