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600 East Market Street, Kingsport, TN 37660 - $250,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Commercial Lease Sub Type: MLS Number: 9967652
Living Area: 3,000 Lot Acreage: 0 Year Built: 1980
Elementary School: Middle School: High School:
Property Description
This is a sale of business and lease. The Real Estate is not for sale. Here's a chance to run your very own business! Sports Mill is up for lease and owner is negotiable on terms. This space is over 3,000 sq ft. and comes equipped with a walk-in cooler, freezers, coolers, refrigerators, 8-tap kegerator, 2 air fryers, ice maker, bar stools, security system and equipment. This location also comes with 2 game simulators, for golf or other entertainment. Confidentiality agreement must be signed for any financials to be given out. Call your realtor, buyer/buyers agent to verify all information. Listing agent to be present during showings. Option 1: The Lessor will sell business and equipment for $250,000.00 and lease space to new owner for $3000/monthly with a satisfactory term to both tenant and lessor. The Lessor, will waive 6 months rent and provide 6 moths rent at a discounted monthly rate of $2000.00/monthly- At month 13 the monthly rent will be $3000/ monthly, Tenant to maintain all equipment themselves. Lessor will maintain exterior and heat pumps. Lessor will pay property taxes. Tenant would be responsible for all local and state licenses, including beer license approval from City of Kingsport. Option #2 The Lessor will lease space and business to Tenant for a monthly rental of $5000.00/monthly. Tenant to maintain all equipment, Lessor will maintain building and heat pumps. Tenant would be responsible for all local and state licenses, including beer license approval from City of Kingsport. Option #3Lessor will lease just space for $3500/monthly - Equipment would not be included in this lease.
Listing Status
Active
Buyer's Agent Compensation
3%
  • More Listing Info
    AC:Heat Pump3true
    Business Type:BarTavernLoungetrue
    Business Type:Recreationtrue
    Contract Info:ForeclosureNo
    Development Status:Other35true
    Development Status:See Remarks37true
    Electric Service:220 Voltstrue
    Exterior Finish:Metal Sidingtrue
    General Property Description:# Parking Spaces0.0
    General Property Description:# Restrooms2
    General Property Description:Acres0.19
    General Property Description:Annual Lease60000.0
    General Property Description:HOA YNNo
    General Property Description:LeaseYes
    General Property Description:Lot Size275 x 105
    General Property Description:Road Frontage Length183
    General Property Description:Stories32.0
    General Property Description:Total SqFt Finished3000.0
    General Property Description:Total SqFt Unfinished0.0
    General Property Description:Zoning2B2E
    Heating:Heat Pump2true
    Info Available:Books Availabletrue
    Info Available:ProfitLoss Statementtrue
    Location Tax Legal Info:Block8
    Location Tax Legal Info:City Taxes2447.52
    Location Tax Legal Info:County Taxes2947.11
    Location Tax Legal Info:Deed Book #3562
    Location Tax Legal Info:Deed Page #1482
    Location Tax Legal Info:Lot #15
    Other Equipment:Cable TV2true
    Other Equipment:Dishwasher2true
    Other Equipment:Exterior Lightstrue
    Other Equipment:Furnituretrue
    Other Equipment:Garage Bay(s)true
    Other Equipment:Handicap Access2true
    Other Equipment:Refrigerationtrue
    Other Equipment:Roof Signtrue
    Other Equipment:See Remarks38true
    Property Condition:Above Averagetrue
    Remarks Misc:Directions3From Center St. turn on Wexler, property on left. From Sullivan St. turn onto E Market, property at the corner of East Market & Wexler.
    Remarks Misc:Public Remarks2This is a sale of business and lease. The Real Estate is not for sale. Here's a chance to run your very own business! Sports Mill is up for lease and owner is negotiable on terms. This space is over 3,000 sq ft. and comes equipped with a walk-in cooler, freezers, coolers, refrigerators, 8-tap kegerator, 2 air fryers, ice maker, bar stools, security system and equipment. This location also comes with 2 game simulators, for golf or other entertainment. Confidentiality agreement must be signed for any financials to be given out. Call your realtor, buyer/buyers agent to verify all information. Listing agent to be present during showings. Option 1: The Lessor will sell business and equipment for $250,000.00 and lease space to new owner for $3000/monthly with a satisfactory term to both tenant and lessor. The Lessor, will waive 6 months rent and provide 6 moths rent at a discounted monthly rate of $2000.00/monthly- At month 13 the monthly rent will be $3000/ monthly, Tenant to maintain all equipment themselves. Lessor will maintain exterior and heat pumps. Lessor will pay property taxes. Tenant would be responsible for all local and state licenses, including beer license approval from City of Kingsport. Option #2 The Lessor will lease space and business to Tenant for a monthly rental of $5000.00/monthly. Tenant to maintain all equipment, Lessor will maintain building and heat pumps. Tenant would be responsible for all local and state licenses, including beer license approval from City of Kingsport. Option #3Lessor will lease just space for $3500/monthly - Equipment would not be included in this lease.
    Restrictions:See Remarks34true
    Road Access:City Streettrue
    Roof:Metal3true
    Sale Includes:Business Onlytrue
    Sale Includes:For Leasetrue
    Sale Includes:See Remarks35true
    Sewer:Public Sewertrue
    Utilities:Cable Connected3true
    Utilities:Electricity Connectedtrue
    Utilities:Phone Connectedtrue
    Utilities:See Remarks30true
    Utilities:Sewer Connectedtrue
    Utilities:Water Connectedtrue
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
Blue Ridge Properties
Listing Agent:
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