REDUCED! Wilcox Drive and Shipp Street - 2 Warehouses

Industrial for Sale
Catylist Listing ID: 30323100
Property Subtypes: Free-Standing, Industrial-Business Park, Light Industrial, Warehouse/Distribution
Building Size (RSF): 36,800 SF
Gross Building Area: See Agent
Gross Land Area: 9.50 Acres
Sale Price: $439,000
Unit Price: $11.93 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/4/2018

Overview / Comments

$50K PRICE DROP! Attention Investors! Two income producing warehouses at Wilcox Drive and Shipp Street on over 9 acres. In established business industrial district, just off I-26 and very close to Eastman Chemical Company plant.

The fully leased main warehouse (Whse A) is a 20,352 sq ft building with nicely finished 6,952 sq ft office area with private offices, large open room, break room, restrooms and a storage area currently being used as a gym. Building also has 10,000 sq ft unfinished upper level with wooden floor.  According to owner, building roof is 6 years old comprised of half rubber and half metal. One of the HVACs is around 5 years old. The whole building is alarmed with ADT.

The fully leased second warehouse (Whse B), to the right of the main warehouse, is 16,216 sq ft made up of 1,930 sq ft -/+ office space with open reception area. The warehouse area is 8,789 sq ft with gas heat and an unfinished upper level of 5,494 -/+ sq ft. 

Contact agent for property tour and financials. Great Kingsport Industrial Property!

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,750 30,337 74,504
Median Age: 43.45 44.03 43.63
Households: 870 13,647 32,352
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.