311 Cherokee Street Commercial Building

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30174487
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Sale Price: $105,900
Unit Price: $26.48 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/26/2017

Overview / Comments

Owner Retiring! Great Renovation Potential! This 2-story 4,000 sq ft building is currently home to Rainbow Graphics on first floor with 4 small apartments and small storage area on second floor. First floor has large open area with kitchen, office, lounge, and restroom. Stairway leads to second floor with corridor leading to 4 small apartments. Parking lot access from alley with 4-5 spaces at rear of building. Roof approximately 7 years old. Lot dimensions are 25’ x 150’. When built in 1924 the building was home to Cherokee News newsstand. Nice downtown Kingsport location on Cherokee Street one block from Center Street. Refurbishing of similar building currently taking place on the same block. Competitive price makes investment and renovation a worthwhile option. Be a part of the exciting revitalization happening in downtown Kingsport! Contact agent to discuss opportunity!

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan
Tax ID/APN: 046P D 014.00

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,757 43,831 69,845
Median Age: 40.32 43.72 43.56
Households: 3,073 19,588 30,547


Photograph of Listing Agent

Cassie Petzoldt

TCI Group - Jerry Petzoldt Agency
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