2020 Center ST Kingsport, TN 37664
3,920 Sqft Lot
UPDATED:
01/17/2025 08:36 AM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Kingsport Heights
MLS Listing ID 9975107
Style See Remarks
HOA Y/N No
Originating Board Tennessee/Virginia Regional MLS
Year Built 1920
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 25 X 145
Property Description
Formerly known as the Palmer Building, this versatile property boasts a rich history as a pharmacy storefront, medical offices, and more. It offers endless possibilities, whether for office spaces, a restaurant, or any venture you envision.
The property features 11 units, generating $6,700 monthly or $80,400 annually. These include one 2-bedroom, 1-bath unit and ten 1-bedroom, 1-bath units, totaling 12 bedrooms and 11 bathrooms.
Located within walking distance of Dobyns-Bennett High School and just minutes from East Stone Drive's amenities, the property combines convenience with an unbeatable location. The owner pays utilities and there are no HOA or CAM fees.
This property offers excellent cash flow, with the potential for even greater returns with some TLC. Whether you're expanding your portfolio or launching a new endeavor, this is an opportunity you won't want to miss. Rent rolls and expenses are available upon request.
Location
State TN
County Sullivan
Community Kingsport Heights
Area 0.09
Zoning Commercial
Direction On I-26 W, take exit 4 for TN-92 S. Continue straight onto Old Wilcox Dr. Continue onto Sheridan Square/S Wilcox Dr. Turn Right onto E Center St. 2020 E Center St will be on the left.
Rooms
Basement Concrete, Sump Pump
Interior
Interior Features See Remarks
Heating Radiant
Cooling Window Unit(s)
Flooring Vinyl, Carpet, Laminate
Appliance See Remarks
Heat Source Radiant
Exterior
Exterior Feature See Remarks
Roof Type Rubber
Building
Lot Description Level
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style See Remarks
Structure Type Brick,Plaster
New Construction No
Schools
Elementary Schools Lincoln
Middle Schools Sevier
High Schools Dobyns Bennett
Others
Senior Community No
Tax ID 061d E 013.00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional