2060 Fort Henry Dr
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2060 Fort Henry Dr
13,416 SF Retail Building Kingsport, TN 37664 $4,000,000 ($298/SF)
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.
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.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
13,416 SF
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
Zoning
GC - Commercial
Parking
36 Spaces (2.68 Spaces per 1,000 SF Leased)
Frontage
171 FT on Fort Henry Dr
Amenities
- Banking
- Pylon Sign
- Drive Thru
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The 13,416 SF on the first floor is thoughtfully designed for office or retail use, allowing for flexible occupancy options.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 13,416 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 13,416 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
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1st Floor
| Size | 13,416 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
The 13,416 SF on the first floor is thoughtfully designed for office or retail use, allowing for flexible occupancy options.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
7,670
31,318
72,661
85,965
2029 Population
7,916
32,470
75,288
89,115
2024-2029 Projected Population Growth
3.2%
3.7%
3.6%
3.7%
Median Age
42.0
43.7
44.0
44.5
College Degree + Higher
18%
26%
25%
16%
Daytime Employees
3,980
40,860
48,151
52,157
Total Businesses
469
3,228
4,235
4,540
Average Household Income
$52,497
$65,730
$68,120
$69,688
Median Household Income
$32,071
$37,345
$42,876
$43,775
Total Consumer Spending
$79.9M
$360.1M
$869.2M
$1B
2024 Households
3,511
13,982
31,631
37,188
Average Home Value
$139,637
$202,161
$212,223
$217,699
PROPERTY TAXES
| Parcel Number | 061L-D-021.00 | Improvements Assessment | $352,800 |
| Land Assessment | $187,200 | Total Assessment | $540,000 |
PROPERTY TAXES
Parcel Number
061L-D-021.00
Land Assessment
$187,200
Improvements Assessment
$352,800
Total Assessment
$540,000
-
Russell Taylor -
Tri Elite Holdings
1 of 12
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3D TOUR
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STREET VIEW
STREET
MAP
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2060 Fort Henry Dr
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