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1989-1999 E Stone Dr
Kingsport, TN 37660
INSTITUTIONAL-GRADE VALUE INVESTMENT · Office Property For Sale
INVESTMENT HIGHLIGHTS
- IDEAL ACQUISITION FOR AN OWNER-OCCUPIED BUSINESS OR A VALUE-INVESTOR // ROBUST TERMINAL CAP RATE UPON STABILIZATION
- VIBRANT & STRATEGIC LOCATION IN THE HIGHLY TRAFFICKED PRIMARY RETAIL CORRIDOR IN THE TRI-CITIES MSA
- AMPLE SURFACE PARKING SURROUNDING COMPLEX // 70 SPACES
- BEAUTIFUL INSTITUTIONAL-GRADE CLASS A BUSINESS COMPLEX FOR COMPANY HQ, FLEXIBLE OFFICE, MEDICAL, HIGH-TECH, EXECUTIVE SUITES, RETAIL & MORE
- OUTSTANDING & HIGHLY VISIBLE CORNER PARCEL AT INTERSECTION OF US-11W/STONE DR & SR-93/JOHN B DENNIS HWY
- 27,930 AADT /&/ 69,239 POPULATION IN 5-MILE RADIUS
EXECUTIVE SUMMARY
PROPERTY OVERVIEW: Stunning full glass structure, warm and welcoming lobby, and unique configuration make for a one-of-a-kind creative office environment suitable for a single or multiple tenants. Single mid-rise tower and annex included in sale. New People's Bank anchors the neighboring tower.
EXCELLENT ACCESS TO POPULATION DENSITY: Exceptional accessibility within Kingsport’s most trafficked retail trade-area and central within the overall market. Convenient access to 69,239 residents within 5 miles and highly accessible to sub-markets within the Tri-Cities MSA.
HIGH VOLUME TRAFFIC & VISIBILITY: Strategically located in the market’s primary retail corridor offering excellent visibility and accessibility to the US-11W/Stone Dr & SR-93/John B Dennis Hwy interchange. Visibility from every direction and exposure to 43,901 vehicles per day.
ROBUST VALUE-ADD: Strong investment value for a buyer to add leading to high-yield back-end returns.
SELLER FINANCING IS AVAILABLE!!!
EXCELLENT ACCESS TO POPULATION DENSITY: Exceptional accessibility within Kingsport’s most trafficked retail trade-area and central within the overall market. Convenient access to 69,239 residents within 5 miles and highly accessible to sub-markets within the Tri-Cities MSA.
HIGH VOLUME TRAFFIC & VISIBILITY: Strategically located in the market’s primary retail corridor offering excellent visibility and accessibility to the US-11W/Stone Dr & SR-93/John B Dennis Hwy interchange. Visibility from every direction and exposure to 43,901 vehicles per day.
ROBUST VALUE-ADD: Strong investment value for a buyer to add leading to high-yield back-end returns.
SELLER FINANCING IS AVAILABLE!!!
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Building Size
63,000 SF
Building Class
B
Year Built
1986
Price
$964,201 CAD
Price Per SF
$15.30 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
25,000 SF
Slab To Slab
11’
Building FAR
0.69
Lot Size
2.10 AC
Zoning
B-3 - zoned for commercial use
Parking
133 Spaces (2.68 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Controlled Access
- Security System
- Signage
- Central Heating
- Natural Light
- Open-Plan
- Reception
- Wi-Fi
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,825,810 CAD | |
| Land Assessment | $243,441 CAD | Total Assessment | $2,069,252 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$243,441 CAD
Improvements Assessment
$1,825,810 CAD
Total Assessment
$2,069,252 CAD
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