I-81 23 Acre Commercial Property

Retail-Commercial for Sale
Also listed as Shopping Center, Vacant Land
Catylist Listing ID: 30455979
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 132,900 SF
Gross Building Area: See Agent
Gross Land Area: 23.20 Acres
Sale Price: $3,000,000
Unit Price: $22.57 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/15/2019

Overview / Comments

Great Interstate Location! Lots of Potential! This 23 acre commercial property sits just off I-81, Exit 66 near Kingsport, TN. Former Factory Stores of America Outlet center, this 132,900 sq ft facility has multiple tenants in place with several suites currently available for lease. Large level paved parking lot covers majority of open land with small gravel lot to the upper side. Access via signaled intersection at entrance to Carolina Pottery Drive and Hwy 126.

The many options for this property include repurposing as satellite campus, health care related services, regional tourism center, call center, storage facility or converted to offices. Potential redevelopment to distribution center, senior living, travel center, warehousing, RV and Outdoor Recreation, flea market, and even conceivably multi-family or affordable housing development.

Ideal Southeast US logistic location, in the Tri-Cities Region of Northeast Tennessee and Southwest Virginia with immediate access to I-81, a major north-south interstate with I-26, a busy east-west interstate, intersecting within 10 miles. Other major interstates nearby include I-40, I-77, and I-75. Tri-Cities Airport, located within 7 miles, is a full-service commercial airport featuring an Air Cargo program, administers Foreign Trade Zone 204, supports and promotes U.S. Customs Port 2027, and Global Enrollment Center capabilities.

For further details including property specifics and investment & development counseling, contact Jerry at 423-677-2486 or jerrypetzoldt@tcigroup.com.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 082 064 13800 000 2017

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 11,339 34,232
Median Age: 44.9 43.72
Households: 4,573 13,715
The information presented herein is provided as is, without warranty of any kind. Neither Northeast Tennessee Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.