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.