TN
Sullivan
Kingsport
37660
1989 Stone Drive
1989 Stone Drive, Kingsport, TN 37660
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Listing Type
Commercial/Industrial
Listing Status
active
22
$749,900

Home Details for 1989 Stone Drive

Price
$749,900
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
24930
Year built
1986
Lot size acres
1.22
County
Sullivan
Garage
Days on site
41
MLS Listing#
9984939
Property Description

Two Executive Park Place is an ideal home for a single tenant looking for a trophy space in the Tri-Cities MSA or a tremendous value play for an investor. Executive Office available for sale, on East Stone Dr. along Commercial Corridor, at traffic lit corner and interchange. Beautiful glass midrise structure, made up of the right hand side tower, as well as the annex between both towers (this area is condo-ed off from the adjacent tower). Neighboring tower anchor tenant is New People's Bank. Rests within highly visible corner complex at traffic light. Boasts class, location, and visibility. Priced low for value-add potential. Renovations needed. This Tri-Cities Region Office Park is strategically located in the Kingsport market's highly trafficked primary retail corridor. This Class B prime office opportunity offers excellent visibility and accessibility to SR-93/John B Dennis Hwy & US11w/Stone Dr. Fully glass structure and unique configuration make for a one-of a-kind flexible and creative office environment. The building is suitable for R&D, Corporate/Business Headquarters, Admin Center, medical, high-tech, executive, government and institutional offices, and would be an ideal corporate expansion or relocation opportunity. High traffic intersection - 27,930 AADT. Visibility from every direction and exposure to 43,901vehicles per day. Taxes are approx $32,550 per year. BUILDING INFORMATION: Size of Structure: 24,930 SF Stories: 4 Floor Plates (1-4): 5,710 SF Annex Floor Plate: 2,090 SF Municipality: Kingsport Lot Size: 1.22 AC Parking Spaces: 70 Year Built: 1986 Zoning: B-3 Highway Oriented Business District Construction: Steel/Masonry/Glass Power: Main: 800A-3P-120/208V /&/ 225A 120/240V - Sub-Panels Floors 1-4: 125A Sprinkler System: Wet Elevator: 1 Roof: Membrane - damaged original, needs replacing HVAC: Electric - should be replaced and updated Utilities: All Public Interior Ceiling Height: ±9' Bathrooms: (2) 5-Fixture Per Floor Flood Zone: Zone X - Areas determined to be outside the 0.2% annual chance floodplain HIGHLIGHTS: BEAUTIFUL INSTITUTIONAL-GRADE CLASS A BUSINESS COMPLEX FOR COMPANY HQ, FLEXIBLE OFFICE, MEDICAL, HIGH-TECH, EXECUTIVE SUITES, RETAIL & MORE IDEAL ACQUISITION FOR AN OWNER-OCCUPIED BUSINESS OR A VALUE-INVESTOR // ROBUST TERMINAL CAP RATE UPON STABILIZATION VIBRANT & STRATEGIC LOCATION IN THE HIGHLY TRAFFICKED PRIMARY RETAIL CORRIDOR IN THE TRI-CITIES MSA OUTSTANDING & HIGHLY VISIBLE CORNER PARCEL AT INTERSECTION OF US-11W/STONE DR & SR-93/JOHN B DENNIS HWY AMPLE SURFACE PARKING SURROUNDING COMPLEX // 70 SPACES 27,930 AADT /&/ 69,239 POPULATION IN 5-MILE RADIUS EXECUTIVE SUMMARY: PROPERTY OVERVIEW: Stunning full glass structure, warm and welcoming lobby, and unique configuration make for a one-of-a-kind creative office environment suitable for a single or multiple tenants. Single midrise tower and annex included in sale. New People's Bank anchors the neighboring tower. EXCELLENT ACCESS TO POPULATION DENSITY: Exceptional accessibility within Kingsport's most trafficked retail trade-area and central within the overall market. Convenient access to 69,239 residents within 5 miles and highly accessible to sub-markets within the Tri-Cities MSA. HIGH VOLUME TRAFFIC & VISIBILITY: Strategically located in the market's primary retail corridor offering excellent visibility and accessibility to the US-11W/Stone Dr & SR-93/John B Dennis Hwy interchange. Visibility from every direction and exposure to 43,901 vehicles per day. ROBUST VALUE-ADD: Strong investment value for a buyer to add leading to high-yield back-end returns. All information to be verified by buyer and buyer's agent.

Property Features
  • Utilities
    • Electricity Available
    • Water Available
  • Cooling Information
    • Central Air
  • Heating Information
    • Electric
  • Water Features
    • Public
  • House Interior
    • Elevator
Listing Courtesy: REMAX Checkmate, Inc. Realtors - 423-282-0432
Presented by: Jay Goodson
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than EXIT Realty, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2025 Tennessee Virginia Regional MLS. All Rights Reserved.
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Market statistics compiled from data from Tennessee Virginia Regional MLS.
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