2060 Fort Henry Dr

Investment Highlights

Providing an excellent opportunity for businesses looking to establish a prominent presence in the area. Offering convenience and accessibility, the drive-thru feature adds value for businesses with specific operational requirements. A prominent pylon sign enhances visibility, ensuring the property stands out in the bustling commercial landscape. Frontage to more than 20,000 VPD on Fort Henry Drive provides visibility and convenient access.

Executive Summary

Nestled in the thriving city of Kingsport, Tennessee, 2060 Fort Henry Dr stands as a prime investment opportunity for those seeking a retail property with exceptional features. Priced at $4,000,000 with a competitive $298 per square foot, this 13,416 square feet, two-story building is a testament to modern design and functionality. The building was originally built for a bank financial service and there was a restriction against this use that is set to expire 2/23/2025. This is an outstanding building that would be a perfect fit for a financial center with an abundance of parking. Constructed in 1998, the property boasts a Building Class B designation, ensuring a solid foundation for diverse business uses. Its strategic location in the GC - Commercial zone, spanning 1.89 acres, offers versatility for potential investors, whether for an owner-user or as part of an investment portfolio. The building's unique offering includes a ground lease option, providing additional flexibility for potential investors. The property's frontage of 171 feet on Fort Henry Dr ensures visibility and accessibility, contributing to its appeal for businesses seeking a strategic location.Beyond its immediate attributes, the property capitalizes on its location's growth potential. With a population set to increase by 2.9% from 2023 to 2028 and a projected consumer spending of over $1.1 billion in 2028, the property aligns with the dynamic economic landscape of Kingsport.

• Sale Type    Investment or Owner User
• Sale Condition    Lease Option
• Property Type    Retail
• Property Subtype    Bank Bank General Retail Restaurant Bank
• Building Size    13,416
• Building Class    B
• Year Built    1998
• Price    4,000,000
• Price Per SF    298
• Tenancy    Single
• Building Height    2 Stories
• Building FAR    0.16
• Land Acres    1.89 AC

• Banking
• Pylon Sign
• Drive Thru
• Air Conditioning