1300 Bloomingdale Pike - Apartments FOR SALE


Kingsport, TN 37660- Town Of Kingsport
$3,300,000 USD
423-534-6355
1300 Bloomingdale Pike, Kingsport, TN for Sale
$3,300,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1300 Bloomingdale Pike
Kingsport, TN 37660
Town Of Kingsport


OVERVIEW

FOR SALE-- This is a Great opportunity for a new user to take over a Former Assisted Living Facility available on 30+-acres of property located in Northeast Tennessee in the City of Kingsport. This 26,000+- sf adaptive reuse facility presents a unique opportunity for institutional or government connected investors seeking a Mission-driven asset with strong demand fundamentals and expansion potential. Originally Constructed as assisted living facility, it sits on 30+- acres, and features 30-35 rooms/apartments, Conference and office spaces, large commercial kitchen, connected to public water & sewer, making it ideal for a range of institutional or mixed use applications. There are 3 patio homes already on the property plus lots of Room for additional individual homes to be constructed. The property is a blank slate ready to be turned into whatever your repurpose or need may be. The property allows for a wide range of potential uses such as Child Care, Medical, Nursing Home, Religious Organization, Senior ( 55+)Housing Community, or a Transitional Housing and Veteran Services Center. With the additional acreage the property could include a multi-Phase development plan, allowing for the construction on 25-30 additional homes or many additional apartments to lease or sell to further expand the transitional housing capacity. Additional Grant funding may be possible to bring the property to full operational capacity. INVESTORS AND DEVELOPERS DON’T MISS THIS OPPORTUNITY!!

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$131 USD /SF

# OF UNITS

-

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John MoodyBlue Ridge PropertiesMore Info
423-534-6355

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

John MoodyBlue Ridge PropertiesMore Info
423-534-6355

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