1242 W Shipley Ferry Rd - Medical FOR SALE


Kingsport, TN 37663
$3,400,000 USD
423-943-0530
1242 W Shipley Ferry Rd, Kingsport, TN for Sale
$3,400,000 USD
Medical - FOR SALE
1/18
null | 6.5% Cap Rate

1242 W Shipley Ferry Rd
Kingsport, TN 37663


HIGHLIGHTS

  • Investment property with long-term tenant
  • Built in 2021
  • Just off I-81, exit 59
  • Spacious lot with 45 parking spaces & room for expansion

OVERVIEW

8,800 SF medical office investment with long-term tenant is available for sale. Built in 2021, the property features a large reception/waiting room, a sub-waiting area, 23 offices, 2 conference rooms, admin station, kitchen/break room and 5 restrooms. The site offers a spacious parking lot with room for expansion and is zoned B-3, Highway Oriented Business District. From I-81: Take exit 59, then travel south on Hwy 36/Fort Henry Drive. In approx. 0.2 miles, turn right onto W Shipley Ferry Rd. Subject is on the left at the intersection of Montvue Rd.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$386 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

REDUCED! Shipley Ferry Med Office Investment

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

B-3

APN/PARCEL ID

106C-C-003.05

ASK ABOUT THIS PROPERTY

Shannon CastilloMitch Cox Realtor, Inc.More Info
423-943-0530

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Shannon CastilloMitch Cox Realtor, Inc.More Info
423-943-0530

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.