100 Emory Ln - KINGSLEY STORAGE FACILITY
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
100 Emory Ln - KINGSLEY STORAGE FACILITY
37,320 SF Specialty Building Offered at $1,350,000 in Kingsport, TN 37660
Executive Summary
Located in Northeast Tennessee in the Bloomingdale Area of the City of Kingsport. It is on
the site of a former Elementary school. This 39,000 square foot building has been transformed
into an Excellent CLIMATE CONTROLLED FACILITY. The facility offers controlled access to it’s
customers as well as security lighting for added security. Featuring 193 Units, Loading dock,
Two Large Offices/Storage spaces, plus a 6000sf separately leased space. It has a New Metal Roof,
New HVAC, New wiring & Electrical Panels, plus 3 Acres to Develop additional open spaces for
RV & Equipment Storage. At $1,350,000, the Kingsley Storage is attractively priced at $34.62/sq ft
providing the Investor an estimated 11.0% Cap Rate plus the Opportunity to continue developing
the vision of the current owner/operator. While the in-place yields are slim, the opportunity to
grow the income as additional spaces are rented to full capacity, plus with the income of the added
RV Storage Lots will reward the investor within 1 year with at least a 14.0% Cap Rate.
Seller will consider some OWNER FINANCING!
the site of a former Elementary school. This 39,000 square foot building has been transformed
into an Excellent CLIMATE CONTROLLED FACILITY. The facility offers controlled access to it’s
customers as well as security lighting for added security. Featuring 193 Units, Loading dock,
Two Large Offices/Storage spaces, plus a 6000sf separately leased space. It has a New Metal Roof,
New HVAC, New wiring & Electrical Panels, plus 3 Acres to Develop additional open spaces for
RV & Equipment Storage. At $1,350,000, the Kingsley Storage is attractively priced at $34.62/sq ft
providing the Investor an estimated 11.0% Cap Rate plus the Opportunity to continue developing
the vision of the current owner/operator. While the in-place yields are slim, the opportunity to
grow the income as additional spaces are rented to full capacity, plus with the income of the added
RV Storage Lots will reward the investor within 1 year with at least a 14.0% Cap Rate.
Seller will consider some OWNER FINANCING!
Property Facts
| Price | $1,350,000 | Building Class | C |
| Price Per SF | $36 | Lot Size | 3.70 AC |
| Sale Type | Investment | Building Size | 37,320 SF |
| Property Type | Specialty | No. Stories | 2 |
| Property Subtype | Self-Storage | Year Built | 1938 |
| Price | $1,350,000 |
| Price Per SF | $36 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 3.70 AC |
| Building Size | 37,320 SF |
| No. Stories | 2 |
| Year Built | 1938 |
1 of 1
PROPERTY TAXES
| Parcel Number | 014N-D-012.00 | Improvements Assessment | $150,400 |
| Land Assessment | $23,720 | Total Assessment | $174,120 |
PROPERTY TAXES
Parcel Number
014N-D-012.00
Land Assessment
$23,720
Improvements Assessment
$150,400
Total Assessment
$174,120
zoning
| Zoning Code | B-3 |
| B-3 |
-
John Moody -
Blue Ridge Properties
(423) 247-4181
x7819
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
100 Emory Ln - KINGSLEY STORAGE FACILITY
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.