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930 Wilcox Court
Kingsport TN 37660
MLS #10000887 · Listing Courtesy of Property Executives Johnson City
$425,000
Active
1,850
Sq Ft
0.53
Acres
1981
Built
Property Description
INVESTMENT OPPORTUNITY IN KINGSPORT! Now is your chance to own an income-producing commercial property in a convenient Kingsport location. Offered at $425,000, this 1,920 sq ft strip center features 8 units, with Units 3 and 4 currently combined to create one larger space.
The property currently generates approximately $34,800 in annual lease income with one unit still available to lease, offering additional income potential. Each unit features its own restroom and two separate rooms, and an individual PTAC heating and cooling unit, providing flexible space suitable for a variety of office, retail, or service-based businesses.
Tenants are responsible for their own electric, while the owner pays the water expense through one shared water meter.
Convenient customer parking is available in the front parking lot with additional parking spaces along the side of the building. Ideally located just off Wilcox Drive and approximately 1.6 miles from I-26, the property offers easy access and excellent convenience for tenants and customers alike.
Whether you are looking to expand your investment portfolio, or occupy a portion of the building for your own business, this Kingsport commercial property offers a great combination of location, income and potential.
Property Facts
Property TypeCommercial Sale
MLS Number10000887
City Taxes$1,575.32
County Taxes$1,514.84
Features & Amenities
Interior
Exterior Lights
Lighting-Fluorescent
Exterior
Block Exterior
City Street
Metal Siding Exterior
Rubber Roof
Other
220 Volts
Above Average Condition
Barber/Beauty
Leases
Professional/Office
Profit/Loss Statement
Public Sewer
Public Water
Rental Rolls
Shopping
Strip Center
Directions
From Downtown Kingsport: Wilcox Drive to Wilcox Business Center. Turn right on Wilcox Court, second building on left.
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Additional Information
ACOtherYesSee RemarksYesContract InfoForeclosureNoDevelopment StatusOtherYesGeneral Property Description# Restrooms8Annual Lease34,800HOANoLeaseNoLot Size122.27 X 190.74 IRRTotal Finished SqFt1,850Unfinished SqFt70ZoningM1HeatingOtherYesSee RemarksYesLocation Tax Legal InfoBlockAComplex/Ind ParkWilcox Business Center RevDeed Book #3,417Deed Page #220Lot #2RestrictionsOtherYesSale IncludesSee RemarksYes
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