1.7 Acre Pad–Stone Drive

Vacant Land for Sale
Catylist Listing ID: 29891635
Property Subtypes: Office, Retail, Retail-Pad, Other
Gross Land Area: 1.69 Acres
Sale Price: $600,000
Unit Price: $355,029 Per Acre
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit, Other
Cap Rate: Undisclosed
Last Updated: 3/9/2023

Overview / Comments

This 1.69 acre site sits very close to Holston Valley Medical Center (largest in Tri-Cities Region) and Holston Medical Group's "Project Platinum" a $110 million, 300,000 sq. ft. medical office facility. Wendy's will be constructing a new restaurant directly adjacent and plans are in place for a traffic signal. This area is already underserved for retail and restaurants, and with the new medical facilities, new residential development, and a 96 unit apartment upscale apartment complex recently completed, the demand is only going to increase. Perfect for retail or office to compliment the hospital. We are willing to sell, ground lease, or build-to-suit.

Located on Stone Drive (30,000+ traffic counts) in the heart of Kingsport. If you could throw a dart and hit the middle of the trade area, this is the place.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 082046AB00301
Market Type: Medium
Lot Frontage: 230+
Lot Depth: 285+
Zoning Description: B-3 (General commercial)
Available Utilities: Electric, Water, Gas, Storm Drain, Cable, Broadband

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,431 40,354 65,236
Median Age: 39.46 43.35 43.7
Households: 4,186 17,993 28,639


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