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116 E Market St

Kingsport, TN 37660
  • $1,080,000
  • STATUS: Closed
  • ON SITE: 310 Days
  • MLS #: RTC2616812
Sold - 06/04/2024
$1,080,000
SOLD - 06/04/2024
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1920
County:

School Ratings & Info

Description

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.

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Realtracs Solutions logoProperties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (DeSelms Team Zeitlin Sotheby’s International Realty, 615-550-5565). IDX information © 2024 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or DeSelms Team Zeitlin Sotheby’s International Realty. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-12-13T00:08:12.187.

Based on information submitted to the MLS GRID as of 2024-12-13T00:08:12.187. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.deselmsrealestate.com/homes/147317157
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116 E Market St Kingsport, TN 37660

  • Price: $1,280,000
  • Status: Closed
  • On Site: 310 Days
  • Updated: 195 min ago
  • MLS #: RTC2616812
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1920
Built
County:
Sullivan
Property Description
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.
Exterior Features

Covered Spaces 0 Parking Total 0 Waterfront YN No

Interior Features

Cooling YN No Heating YN No

Property Features

Building Area Total 10500 Lot Size Area 0.12 Property Sub Type Retail Security Features Fire AlarmFire Sprinkler SystemSmoke Detector(s) Special Listing Conditions Standard Total Actual Rent 0 Zoning Commercial

Realtracs Solutions logo Offered by SVN Accel Commercial Real Estate: 6155680167. Copyright 2024 RealTracs, Inc. Information Is Believed To Be Accurate But Not Guaranteed. Listings courtesy of Realtracs MLS as distributed by MLS GRID.


Realtracs Solutions logoProperties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (DeSelms Team Zeitlin Sotheby’s International Realty, 615-550-5565). IDX information © 2024 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or DeSelms Team Zeitlin Sotheby’s International Realty. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-12-13T00:08:12.187.

Based on information submitted to the MLS GRID as of 2024-12-13T00:08:12.187. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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DeSelms Team Zeitlin Sotheby’s International Realty
4301 Hillsboro Rd Ste. 100
Nashville TN, 37215