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.
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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 |
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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The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
Moody's assume any liability for errors or omissions.
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