Kingsport Pavilion Phase II Land Tract

Vacant Land for Sale
Catylist Listing ID: 28887577
Property Subtypes: Multi-Family, Office, Retail, Retail-Pad
Gross Land Area: 20.24 Acres
Sale Price: $165,000 Per Acre
Total Price: $3,339,600
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/20/2018

Overview / Comments

This exceptional 20+ acre tract is situated contiguous to the Target-anchored power center known as Kingsport Pavilion in the growing Tri Cities area of northeast Tennessee. The tract lends itself to multiple uses, is attractive and well located. Two additional outparcels also available, contact agent for further details. Retail expansion or upscale apartments top the list of market needs. See attached marketing package for propertty details along with site and concept plans.

East Stone Drive (US Highway 11-W) is the primary access road from Kingsport to the center of the Tri Cities area of Kingsport, Johnson City, and Bristol. It is the location of the City’s largest and newest retail power center and is close to Indian Path Medical Center as well as the Wellmont Medical Center. Downtown Kingsport is accessed via East Stone Drive and is a 10 minute drive from the property.

The Kingsport marketplace is expanding and currently is underserved with new apartment units. Approximately 30% of the market area households are renters. The Tennessee state average for renter households is 33.3% with the national average much higher. Contact listing agent to discuss opportunity.

Attachments & Media

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Sullivan

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,161 35,509 62,663
Median Age: 50.48 44.55 43.83
Households: 1,821 15,371 27,013
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