Netherland Inn Road Commercial Property

Industrial for Sale
Also listed as Retail-Commercial, Office
Catylist Listing ID: 29966845
Property Subtypes: Flex Space, Free-Standing, Mixed Use, Light Industrial, Office Showroom, Self Storage, Warehouse/Distribution
Building Size (RSF): 1,500 SF
Gross Building Area: See Agent
Gross Land Area: 0.30 Acres
Sale Price: $84,900
Unit Price: $56.60 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/15/2017

Overview / Comments

OWNER MOTIVATED! ACCEPTING OFFERS! Commercial property on Netherland Inn Road opposite Riverfront Restaurant. Property contains 1,500 sq ft metal building inside a fenced .3 acre lot. Building has new metal siding and new roof with a forty year warranty installed by Lyon Metal Roofing. The primary benefit to this property is the 500' ft of road frontage facing Netherland Inn Road with a 2013 traffic count of 12,000 cars per day. Owner currently uses the property as a lawn care business

Kingsport declared the area a redevelopment district, which allows the city to offer certain incentives, such as tax increment financing. Kingsport also created a new zoning district for this area — a Planned Village District—to allow for mixed use development. See attached document outlining this flexible zoning. This area is part of the Kingsport Riverwalk Project, a 20-year phased redevelopment plan for the parks, businesses, and residencies along the riverfront area of Kingsport. The Riverwalk will stretch from Confluence Park, by the Rotherwood Bridge, to Cloud Park and Industry Drive on the east side of Kingsport. See link for further information on this exciting project.

Possible uses include service business, repair shop or redevelopment site.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan
Zoning: PVD-PLANNED VILLAGE DISTRICT

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,242 34,692 60,722
Median Age: 37.45 42.74 43.46
Households: 1,411 15,419 26,765
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