115 E MARKET ST
KINGSPORT, TN 37660
$2,209,000
N/A Beds
0 Baths
5,927 Sq Ft
Status Active
MLS# 2631882
3 historically preserved brick buildings offered at a 9% Cap Rate based on existing net income **115 E Market St. 117 E Market St. and 116 E Market St. *** Fully occupied buildings, one suite in 115 E Market is currently being renegotiated NNN lease 5 year term. Tenant mix consists of a variety of retail tenants including a Spa / Salon, Cafe shop, Anchor Dispensary, Gift Shop, Pet Spa, and 4 residential Loft spaces located on 2nd story of 116 E Market St. Total square foot is 16,627 SF, total rentable square foot is 16,427SF. All 3 Buildings have been fully redeveloped and is part of a broader value add / redevelopment portfolio located in the historic downtown Kingsport, TN region. Portfolio consists of 18 buildings totaling 219,294 SF priced at $81.28/SF and all centrally located in downtown Kingsport. Ownership is open to partial portfolio, or individual asset sales. Buildings also sit in an Opportunity Zone. Great opportunity to invest early in a growing downtown area.
Details for 115 E MARKET ST
Built in 1930
$373 / Sq Ft
239 Days on website
0.16 acres lot