Wilcox Drive and Shipp Street - 2 Warehouses

Industrial for Sale
Catylist Listing ID: 30152265
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: 2/20/2018

Overview / Comments

PRICE REDUCED! OWNER FINANCING! Great Kingsport Industrial Property! 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 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. The office portion is currently being used by the owner and the 3,400 sq ft warehouse area is currently leased. 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 and is set up so that when someone enters or exits the building, a text is sent to the owner.

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. 

Owner financing available with approved credit and down payment. Contact agent for property tour and financials.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan

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
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