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505 & 509 East Center Street, Kingsport, TN 37660 - $490,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Commercial Sale Sub Type: MLS Number: 9970479
Living Area: 1,826 Lot Acreage: 0 Year Built: 1926
Elementary School: Middle School: High School:
Property Description
Wonderful opportunity for investor. This listing is for three separate structures. It is zoned as commercial B-2E. Two are older residential homes which have been modified into office use and the third is an older auxiliary building situated on the back alleyway which is leased as a business. 505 E Center St- Is a 2-story residential structure modified into office use. Total sqft is 1826. The first floor has been modified into a front reception and waiting room with three individual offices, an employee breakroom (full kitchen with appliances) and a half bath. Upstairs is three offices with a full bath and laundry. The building has hardwood flooring and a combination of plaster and drywall interior construction. It is a brick structure situated on a concrete block foundation over a crawl space. It has central HVAC and an attached carport on back. It is currently rented as residential property for $1500/month. 509 E Center St- is a 2-story residential structure modified into office use. Total sqft. is 1664. The first floor has a front reception and waiting area, a private office, full kitchen and half bath. Upstairs is two offices and a full bath with laundry. It is currently rented as mixed use - office on main level and living quarters upstairs. Rent is $1500/month. The auxiliary building is modified into an office space. It is 620 sqft. It has a reception/waiting room, two small offices and half bath. It is currently rented for $400/mo. All three structures off street parking. Floor plans attached. Current leases available on request. Property might be able to divide into separate parcels. Current listing is for all three structures. Property being sold in ''As-Is'' condition.
Listing Status
Active
Buyer's Agent Compensation
3%
  • More Listing Info
    AC:Heat Pump3true
    AC:Wall Unit(s)true
    AC:Window Unit(s)true
    Business Type:OfficeShowroomtrue
    Business Type:Professional Servicetrue
    Business Type:ProfessionalOfficetrue
    Business Type:Residential2true
    Contract Info:ForeclosureNo
    Development Status:Infrastructure Intrue
    Development Status:See Remarks37true
    Electric Service:220 Voltstrue
    Exterior Finish:Brick4true
    Exterior Finish:Vinyl Sidingtrue
    Exterior Finish:Wood Sidingtrue
    General Property Description:Acres0.0
    General Property Description:Annual Lease40800.0
    General Property Description:HOA YNNo
    General Property Description:LeaseNo
    General Property Description:Lot Size2157 x 105
    General Property Description:Road Frontage Length155
    General Property Description:Stories32.0
    General Property Description:Total SqFt Finished1826.0
    General Property Description:Total SqFt Unfinished0.0
    General Property Description:Zoning2B2E
    Heating:Electrictrue
    Heating:Heat Pump2true
    Heating:Wall Furnacetrue
    Info Available:Floor Plantrue
    Info Available:Leases2true
    Info Available:Plattrue
    Location Tax Legal Info:City Taxes2118.2
    Location Tax Legal Info:County Taxes2550.57
    Location Tax Legal Info:Deed Book #3132
    Location Tax Legal Info:Deed Page #1682
    Other Equipment:Dishwasher2true
    Other Equipment:Range2true
    Other Equipment:Refrigerator2true
    Other Equipment:Smoke Detector(s)2true
    Property Condition:Averagetrue
    Remarks Misc:Directions3Property on Center St. Driveway entrance off Island Street or alley behind property.
    Remarks Misc:Public Remarks2Wonderful opportunity for investor. This listing is for three separate structures. It is zoned as commercial B-2E. Two are older residential homes which have been modified into office use and the third is an older auxiliary building situated on the back alleyway which is leased as a business. 505 E Center St- Is a 2-story residential structure modified into office use. Total sqft is 1826. The first floor has been modified into a front reception and waiting room with three individual offices, an employee breakroom (full kitchen with appliances) and a half bath. Upstairs is three offices with a full bath and laundry. The building has hardwood flooring and a combination of plaster and drywall interior construction. It is a brick structure situated on a concrete block foundation over a crawl space. It has central HVAC and an attached carport on back. It is currently rented as residential property for $1500/month. 509 E Center St- is a 2-story residential structure modified into office use. Total sqft. is 1664. The first floor has a front reception and waiting area, a private office, full kitchen and half bath. Upstairs is two offices and a full bath with laundry. It is currently rented as mixed use - office on main level and living quarters upstairs. Rent is $1500/month. The auxiliary building is modified into an office space. It is 620 sqft. It has a reception/waiting room, two small offices and half bath. It is currently rented for $400/mo. All three structures off street parking. Floor plans attached. Current leases available on request. Property might be able to divide into separate parcels. Current listing is for all three structures. Property being sold in ''As-Is'' condition.
    Restrictions:Other37true
    Road Access:Alleytrue
    Road Access:City Streettrue
    Roof:Compositiontrue
    Sale Includes:Fee Simpletrue
    Sewer:Public Sewertrue
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
Blue Ridge Properties
Listing Agent:
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