Spacious Restaurant Property

Retail-Commercial for Sale
Also listed as Special Purpose
Catylist Listing ID: 30106479
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 7,000 SF
Gross Building Area: See Agent
Gross Land Area: 3.07 Acres
Sale Price: $899,000
Unit Price: $128.43 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/13/2017

Overview / Comments

PRICE REDUCED - AVAILABLE NOW! Updated and renovated restaurant in the heart of Kingsport's retail and dining district. This facility has approximately 7,000 sq. ft. including an impressive bar/lounge, a tiered seating area including booths, and an open dining area equipped with seating for up to 200 guests. Spacious and welcoming waiting area. Substantial kitchen with all equipment necessary including two very large walk-in coolers. Formerly a Mexican restaurant, it is ready to reopen as new dining establishment or great potential for repurposing to any venture seeking Kingsport's busiest business location! Ample parking on three sides totalling 120 spaces on over 3 acre parcel. Easy access from both Stone Drive and Eastman Road on Jack White Drive. Sale includes all furnishings and equipment. Property also for lease, see separate listing. Contact agent to discuss possibilities!

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,752 39,123 70,618
Median Age: 47.13 43.86 43.95
Households: 3,153 17,321 30,722
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