Average square foot calculated using Size range provided by listing agent.
Description
Fully occupied building offered at a 9.24% cap rate based on existing net income. 1st floor consists of 2 retail tenants (spa / salon and cafe shop) and 2nd story consists of 4 residential lofts. Residential units occupy 5, 250 SF of the building. 1st floor is remaining 5, 250 SF. Building has been fully redeveloped and is part of a broader value add / redevelopment portfolio located in the historic downtown Kingsport, TN region. Portfolio consists of 18 buildings totaling 219, 294 SF priced at $81.28/SF and all centrally located in downtown Kingsport. Ownership is open to partial portfolio, or individual asset sales.Show Description