Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Commercial Sale

Sub Type:

MLS Number: 9984939

Lot Acreage: 1.22000

Living Area: 24,930

Year Built:1986

Elementary School:

Middle School:

High School:

Public Remarks: Two Executive Park Place is an ideal home for a single tenant looking for a trophy space in the Tri-Cities MSA or a tremendous value play for an investor. Executive Office available for sale, on East Stone Dr. along Commercial Corridor, at traffic lit corner and interchange. Beautiful glass midrise structure, made up of the right hand side tower, as well as the annex between both towers (this area is condo-ed off from the adjacent tower). Neighboring tower anchor tenant is New People's Bank. Rests within highly visible corner complex at traffic light. Boasts class, location, and visibility. Priced low for value-add potential. Renovations needed. This Tri-Cities Region Office Park is strategically located in the Kingsport market's highly trafficked primary retail corridor. This Class B prime office opportunity offers excellent visibility and accessibility to SR-93/John B Dennis Hwy & US11w/Stone Dr. Fully glass structure and unique configuration make for a one-of a-kind flexible and creative office environment. The building is suitable for R&D, Corporate/Business Headquarters, Admin Center, medical, high-tech, executive, government and institutional offices, and would be an ideal corporate expansion or relocation opportunity. High traffic intersection - 27,930 AADT. Visibility from every direction and exposure to 43,901vehicles per day. Taxes are approx $32,550 per year. BUILDING INFORMATION: Size of Structure: 24,930 SF Stories: 4 Floor Plates (1-4): 5,710 SF Annex Floor Plate: 2,090 SF Municipality: Kingsport Lot Size: 1.22 AC Parking Spaces: 70 Year Built: 1986 Zoning: B-3 Highway Oriented Business District Construction: Steel/Masonry/Glass Power: Main: 800A-3P-120/208V /&/ 225A 120/240V - Sub-Panels Floors 1-4: 125A Sprinkler System: Wet Elevator: 1 Roof: Membrane - damaged original, needs replacing HVAC: Electric - should be replaced and updated Utilities: All Public Interior Ceiling Height: ±9' Bathrooms: (2) 5-Fixture Per Floor Flood Zone: Zone X - Areas determined to be outside the 0.2% annual chance floodplain HIGHLIGHTS: BEAUTIFUL INSTITUTIONAL-GRADE CLASS A BUSINESS COMPLEX FOR COMPANY HQ, FLEXIBLE OFFICE, MEDICAL, HIGH-TECH, EXECUTIVE SUITES, RETAIL & MORE IDEAL ACQUISITION FOR AN OWNER-OCCUPIED BUSINESS OR A VALUE-INVESTOR // ROBUST TERMINAL CAP RATE UPON STABILIZATION VIBRANT & STRATEGIC LOCATION IN THE HIGHLY TRAFFICKED PRIMARY RETAIL CORRIDOR IN THE TRI-CITIES MSA OUTSTANDING & HIGHLY VISIBLE CORNER PARCEL AT INTERSECTION OF US-11W/STONE DR & SR-93/JOHN B DENNIS HWY AMPLE SURFACE PARKING SURROUNDING COMPLEX // 70 SPACES 27,930 AADT /&/ 69,239 POPULATION IN 5-MILE RADIUS EXECUTIVE SUMMARY: PROPERTY OVERVIEW: Stunning full glass structure, warm and welcoming lobby, and unique configuration make for a one-of-a-kind creative office environment suitable for a single or multiple tenants. Single midrise tower and annex included in sale. New People's Bank anchors the neighboring tower. EXCELLENT ACCESS TO POPULATION DENSITY: Exceptional accessibility within Kingsport's most trafficked retail trade-area and central within the overall market. Convenient access to 69,239 residents within 5 miles and highly accessible to sub-markets within the Tri-Cities MSA. HIGH VOLUME TRAFFIC & VISIBILITY: Strategically located in the market's primary retail corridor offering excellent visibility and accessibility to the US-11W/Stone Dr & SR-93/John B Dennis Hwy interchange. Visibility from every direction and exposure to 43,901 vehicles per day. ROBUST VALUE-ADD: Strong investment value for a buyer to add leading to high-yield back-end returns. All information to be verified by buyer and buyer's agent.

Listing Courtesy:REMAX Checkmate, Inc. Realtors

More Listing Info:

AC:Central Air: true

Business Type:Professional Service: true

Business Type:ProfessionalOffice: true

Business Type:Vacant2: true

Contract Info:Foreclosure: No

Development Status:Subdivided: true

Electric Service:Phase 3: true

Exterior Finish:See Remarks3: true

General Property Description:# Parking Spaces: 70

General Property Description:# Restrooms: 8

General Property Description:Acres: 1.22

General Property Description:Annual Lease: 0.0

General Property Description:HOA YN: No

General Property Description:Lease: No

General Property Description:Lot Size2: 53143

General Property Description:Road Frontage Length: 120

General Property Description:Stories3: 4.0

General Property Description:Total SqFt Finished: 24930.0

General Property Description:Total SqFt Unfinished: 0.0

General Property Description:Zoning2: B3

Heating:Electric: true

Info Available:Building Plan: true

Location Tax Legal Info:Block: 1

Location Tax Legal Info:City Taxes: 14766.64

Location Tax Legal Info:ComplexInd Park: Two Executive Park Place

Location Tax Legal Info:County Taxes: 18445.92

Location Tax Legal Info:Deed Book #: 3643

Location Tax Legal Info:Deed Page #: 2865

Location Tax Legal Info:Plat Map: P

Other Equipment:Basement4: true

Other Equipment:Elevator2: true

Other Equipment:Fire Sprinkler System: true

Property Condition:Below Average: true

Remarks Misc:Directions3: Exit I-26 at John B dennis, take straight all the way to East Stone, and turn left, building towers on left.

Remarks Misc:Public Remarks7: Two Executive Park Place is an ideal home for a single tenant looking for a trophy space in the Tri-Cities MSA or a tremendous value play for an investor. Executive Office available for sale, on East Stone Dr. along Commercial Corridor, at traffic lit corner and interchange. Beautiful glass midrise structure, made up of the right hand side tower, as well as the annex between both towers (this area is condo-ed off from the adjacent tower). Neighboring tower anchor tenant is New People's Bank. Rests within highly visible corner complex at traffic light. Boasts class, location, and visibility. Priced low for value-add potential. Renovations needed. This Tri-Cities Region Office Park is strategically located in the Kingsport market's highly trafficked primary retail corridor. This Class B prime office opportunity offers excellent visibility and accessibility to SR-93/John B Dennis Hwy & US11w/Stone Dr. Fully glass structure and unique configuration make for a one-of a-kind flexible and creative office environment. The building is suitable for R&D, Corporate/Business Headquarters, Admin Center, medical, high-tech, executive, government and institutional offices, and would be an ideal corporate expansion or relocation opportunity. High traffic intersection - 27,930 AADT. Visibility from every direction and exposure to 43,901vehicles per day. Taxes are approx $32,550 per year. BUILDING INFORMATION: Size of Structure: 24,930 SF Stories: 4 Floor Plates (1-4): 5,710 SF Annex Floor Plate: 2,090 SF Municipality: Kingsport Lot Size: 1.22 AC Parking Spaces: 70 Year Built: 1986 Zoning: B-3 Highway Oriented Business District Construction: Steel/Masonry/Glass Power: Main: 800A-3P-120/208V /&/ 225A 120/240V - Sub-Panels Floors 1-4: 125A Sprinkler System: Wet Elevator: 1 Roof: Membrane - damaged original, needs replacing HVAC: Electric - should be replaced and updated Utilities: All Public Interior Ceiling Height: ±9' Bathrooms: (2) 5-Fixture Per Floor Flood Zone: Zone X - Areas determined to be outside the 0.2% annual chance floodplain HIGHLIGHTS: BEAUTIFUL INSTITUTIONAL-GRADE CLASS A BUSINESS COMPLEX FOR COMPANY HQ, FLEXIBLE OFFICE, MEDICAL, HIGH-TECH, EXECUTIVE SUITES, RETAIL & MORE IDEAL ACQUISITION FOR AN OWNER-OCCUPIED BUSINESS OR A VALUE-INVESTOR // ROBUST TERMINAL CAP RATE UPON STABILIZATION VIBRANT & STRATEGIC LOCATION IN THE HIGHLY TRAFFICKED PRIMARY RETAIL CORRIDOR IN THE TRI-CITIES MSA OUTSTANDING & HIGHLY VISIBLE CORNER PARCEL AT INTERSECTION OF US-11W/STONE DR & SR-93/JOHN B DENNIS HWY AMPLE SURFACE PARKING SURROUNDING COMPLEX // 70 SPACES 27,930 AADT /&/ 69,239 POPULATION IN 5-MILE RADIUS EXECUTIVE SUMMARY: PROPERTY OVERVIEW: Stunning full glass structure, warm and welcoming lobby, and unique configuration make for a one-of-a-kind creative office environment suitable for a single or multiple tenants. Single midrise tower and annex included in sale. New People's Bank anchors the neighboring tower. EXCELLENT ACCESS TO POPULATION DENSITY: Exceptional accessibility within Kingsport's most trafficked retail trade-area and central within the overall market. Convenient access to 69,239 residents within 5 miles and highly accessible to sub-markets within the Tri-Cities MSA. HIGH VOLUME TRAFFIC & VISIBILITY: Strategically located in the market's primary retail corridor offering excellent visibility and accessibility to the US-11W/Stone Dr & SR-93/John B Dennis Hwy interchange. Visibility from every direction and exposure to 43,901 vehicles per day. ROBUST VALUE-ADD: Strong investment value for a buyer to add leading to high-yield back-end returns. All information to be verified by buyer and buyer's agent.

Restrictions:See Remarks34: true

Road Access:City Street: true

Road Access:Highway: true

Roof:Rubber: true

Sale Includes:Fee Simple: true

Sewer:Public Sewer: true

Utilities:Electricity Available: true

Utilities:Water Available: true

Water:Public: true