Sobels Building - Downtown Kingsport Redevelopment Opportunity!
Retail-Commercial
for Sale
| Catylist Listing ID: |
30815389 |
| Building Size (RSF): |
13,533 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.12 Acres
|
| Sale Price: |
$425,000 |
| Unit Price: |
$31.40 PSF |
| Ceiling: |
20 ft. |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Building Name: |
Sobels Building |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/30/2023 |
Overview / Comments
SVN Wood Properties is pleased to present the redevelopment opportunity of the historic Sobels Building in Downtown Kingsport Tennessee. Sobel's was a renowned fine men's clothier in East Tennessee and operated at this location until January 2000. More historic information is available at kingsportlibrary.org. The Downtown area is rapidly growing and Kingsport was recently ranked 29th on Wall Street Journal and Realtor.com's study of emerging housing markets. Neighboring Johnson City was also ranked 3rd on the list.
The subject property contains a basement and two stories of development ready shell space. There are stairs in the rear of the building to all three floors and an elevator that can be operable with some maintenance. The street level is prime for two separate retail spaces or one large bar/restaurant entertainment space. Both sides of the ground floor have high ceilings with stairs up to a small mezzanine. The upper floor is roughly 4600 square feet and is Ideal for 4 to 6 one or two bedroom apartment units.
|
Additional Details
| Nearest MSA: |
Kingsport-Bristol |
| County: |
Sullivan |
| Tax ID/APN: |
082046IE01300 |
| Zoning: |
B2 |
| Area Description: |
This property is located in the heart of downtown Kingsport, TN on the corner of the 200 block of Center Street and Commerce. The property is only two blocks south of Church Circle. It sits less than two miles from the Eastman Chemical plant and the I-26 exit at Stone Drive. |
| Number of Stories: |
3 |
| Typical SF / Floor: |
4,600 SF |
| Year Built: |
1948 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,531 |
40,259 |
67,781 |
| Median Age: |
39.08 |
43.38 |
43.63 |
| Households: |
2,411 |
17,961 |
29,709 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
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.
|
