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123 & 125 Broad Street, Kingsport, TN 37660 - $1,800,000

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Blue Ridge Properties Listing

123 & 125 Broad Street, Kingsport, TN 37660 (MLS #9978591)

Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Commercial Sale

Sub Type:

MLS Number: 9978591

Lot Acreage: 0.25000

Living Area: 9,111

Year Built:1918

Elementary School:

Middle School:

High School:

Public Remarks: (125)*Sale/ Lease Back* ( Investment Income ). The owners of the Stir-Fry Building on busy Broad Street in downtown Kingsport are selling but would like a 20 year lease back. They will pay $7,000.00 a month, Triple Net Lease for 10 years with 2-5 year options. There is also 3 floors upstairs that would be perfect for lofts, professional offices, or even a hotel. Building is sprinklered and has a new roof.Beautiful windows looking down Broad Street. (123) The second Building has a vacant Storefront that could be leased for around $2,500.00 monthly has a second floor that shares access with the stir fry building. Also a mezzanine area. This building also has a new roof. There is also a shared easement for Stairway and halls Great investment property with existing Income and unlimited potential. Information Deemed reliable Buyer/ Buyers agent to verify*Listing Agent to be present for all showings*

Listing Courtesy:Evans & Evans Real Estate

More Listing Info:

AC:Central Air: true

AC:Heat Pump3: true

Business Type:HotelMotel2: true

Business Type:ProfessionalOffice: true

Business Type:Restaurant: true

Business Type:Retail2: true

Contract Info:Foreclosure: No

Development Status:Cleared2: true

Electric Service:220 Volts: true

Exterior Finish:Block5: true

General Property Description:# Parking Spaces: 0.0

General Property Description:# Restrooms: 4

General Property Description:Acres: 0.25

General Property Description:Annual Lease: 84000.0

General Property Description:HOA YN: No

General Property Description:Lease: No

General Property Description:Lot Size2: 77x 141

General Property Description:Price LeaseSqFt: 12.7

General Property Description:Road Frontage Length: 126

General Property Description:Stories3: 4.0

General Property Description:Total SqFt Finished: 9111.0

General Property Description:Total SqFt Unfinished: 23908.0

General Property Description:Zoning2: Commercial

Heating:Electric: true

Heating:Forced Air: true

Heating:Heat Pump2: true

Info Available:Aerial: true

Location Tax Legal Info:Block: 2

Location Tax Legal Info:City Taxes: 3369.93

Location Tax Legal Info:County Taxes: 4209.59

Location Tax Legal Info:Deed Book #: 3541

Location Tax Legal Info:Deed Page #: 855

Location Tax Legal Info:Lot #: 37

Other Equipment:Basement4: true

Other Equipment:Lighting-Fluorescent: true

Property Condition:Average: true

Remarks Misc:Directions3: From Center Street take a right on Broad Street, Building is Stir-Fry( 125) and Vacant building to the right .

Remarks Misc:Public Remarks2: (125)*Sale/ Lease Back* ( Investment Income ). The owners of the Stir-Fry Building on busy Broad Street in downtown Kingsport are selling but would like a 20 year lease back. They will pay $7,000.00 a month, Triple Net Lease for 10 years with 2-5 year options. There is also 3 floors upstairs that would be perfect for lofts, professional offices, or even a hotel. Building is sprinklered and has a new roof.Beautiful windows looking down Broad Street. (123) The second Building has a vacant Storefront that could be leased for around $2,500.00 monthly has a second floor that shares access with the stir fry building. Also a mezzanine area. This building also has a new roof. There is also a shared easement for Stairway and halls Great investment property with existing Income and unlimited potential. Information Deemed reliable Buyer/ Buyers agent to verify*Listing Agent to be present for all showings*

Restrictions:Other37: true

Restrictions:Utility Easement2: true

Road Access:Alley: true

Road Access:City Street: true

Roof:Rubber: true

Sale Includes:Fee Simple: true

Sewer:Public Sewer: true

Utilities:Electricity Connected: true

Utilities:Sewer Connected: true

Utilities:Water Connected: true

Water:Public: true