Kingsport Restaurant Opportunity

Vacant Land for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30755068
Property Subtypes: Multi-Family, Retail, Retail-Pad, Self Storage
Building Status: Under Construction
Gross Land Area: 2.45 Acres
Sale Price: $549,000
Unit Price: $224,081 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 1/12/2022

Overview / Comments

Currently serving as Edo Sushi Bar & Grill, this property sits on a 2.45 acre lot located in the heart of Kingsport. The site is zoned R-3 which allows for a variety of residential developments and the owner is willing to change the zoning to B-3, which would allow for a variety of commercial uses.

The surrounding area is loaded with restaurants and retail, as well as new medical facilities and new residential developments; one of which includes the West Gate Development, a project that consists of 76 single-family houses and 16 townhomes.

Kingsport continues to rank on various national lists due to its economic and population growth. For example, Tennessee was named the top state on U-Haul’s 2020 Migration Trends list, with Kingsport specifically ranking as the number 12 growth city in the nation.

Please reach out for more information.

Property Highlights:
-Minutes from Downtown Kingsport
-Business Available For Sale
-High Traffic Count
-Excellent Visibility
-2.45 Acres

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 082045CA00105
Property Visibility: Good
Largest Nearby Street: W Stone Dr

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,913 32,505 62,389
Median Age: 38.96 42.67 43.43
Households: 2,591 14,407 27,477

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