1105 Lynn Garden DR Active Save Request In-Person Tour Request Virtual Tour
Kingsport,TN 37665
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,500 sqft
Price per Sqft $95
MLS Listing ID 9945964
HOA Y/N No
Total Fin. Sqft 5500
Originating Board Tennessee/Virginia Regional MLS
Year Built 1946
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 170x95
Property Description
OPPORTUNITY - OPPORTUNITY!! This property is the former Lynn Garden Restaurant and Catering Service. A successful restaurant location for over 77 years. APARTMENT INCLUDED...also attached is a one level apartment that produces $425/m. If you're looking for the perfect location to start or expand a restaurant business....this is it! The property comes with a variety of restaurant equipment already in place and ready to use. Several generations have known and enjoyed the Lynn Garden Restaurant so it comes with a built-in customer base just waiting for the restaurant to re-open. The property will also include an adjacent lot added to accomadate increased customer parking and giving the property 208' of road frontage directly on Lynn Garden Drive.
For additional rental income, this property also includes a two bedroom apartment on the upper level with a good rental history.
And you can now count on the new Kingsport Lynn Garden revitalization project to update the area and increase the already high average 18,000 vehicles per day that pass by the front door. This restaurant was THE PLACE to eat in Lynn Garden for many years and is embedded in the HISTORY of the Lynn Garden community.
According to information provided to the BMA, the Lynn Garden redevelopment district is 118 acres with an appraised value of $24.7 million. Its boundaries include property around the Stone Drive/Lynn Garden Drive intersection, stretching down Tranbarger Drive to Allen and Chadwick and property on both sides of Lynn Garden to the end of Truxton.
In fact, city officials said the Lynn Garden redevelopment district will likely be expanded once, maybe twice in 2022.
Location
State TN
County Sullivan
Area 0.37
Zoning B3
Direction From West Stone Dr. take Hwy 36 Lynn Garden Dr. for 1.2 miles to restaurant location on the right at 1105 Lynn Garden Dr.
Interior
Heating Central
Cooling Central Air
Equipment Additional Building(s),Dishwasher,Display Window,Exterior Lights,Freezer,Handicap Access,Inside Storage,Pole Sign,Range,Refrigeration,Refrigerator,Smoke Detector(s)
Heat Source Central
Exterior
Roof Type Metal,Shingle
Road Frontage City Street
Building
Sewer Public Sewer
Water Public
Structure Type Block,Brick
New Construction No
Others
Senior Community No
Tax ID 030h D 031.00
Acceptable Financing Conventional
Listing Terms Conventional