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1105 LYNN GARDEN DR KINGSPORT, TN 37665
- Commercial / Resale (MLS)
Property Details for 1105 LYNN GARDEN DR, KINGSPORT, TN 37665
Features
- Price/sqft: $95
- Lot Size: 0.37 acres
- Total Units: 1
- Stories: 100
- Roof Type: Metal
- Heating: Central Furnace
- Exterior Walls: Concrete Block
Facts
- Year Built: 01/01/1946
- Property ID: 871563189
- MLS Number: 9945964
- Parcel Number: 082030H D 03100
- Property Type: Commercial
- County: Sullivan
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. OPPORTUNITY - OPPORTUNITY!! This property is the former Lynn Garden Restaurant and Catering Service. A successful restaurant location for over 77 years. APARTMENT INCLUDED...also attached is a one level apartment that produces $425/m. If you're looking for the perfect location to start or expand a restaurant business....this is it! The property comes with a variety of restaurant equipment already in place and ready to use. Several generations have known and enjoyed the Lynn Garden Restaurant so it comes with a built-in customer base just waiting for the restaurant to re-open. The property will also include an adjacent lot added to accomadate increased customer parking and giving the property 208' of road frontage directly on Lynn Garden Drive. For additional rental income, this property also includes a two bedroom apartment on the upper level with a good rental history. And you can now count on the new Kingsport Lynn Garden revitalization project to update the area and increase the already high average 18, 000 vehicles per day that pass by the front door. This restaurant was THE PLACE to eat in Lynn Garden for many years and is embedded in the HISTORY of the Lynn Garden community. According to information provided to the BMA, the Lynn Garden redevelopment district is 118 acres with an appraised value of $24.7 million. Its boundaries include property around the Stone Drive/Lynn Garden Drive intersection, stretching down Tranbarger Drive to Allen and Chadwick and property on both sides of Lynn Garden to the end of Truxton. In fact, city officials said the Lynn Garden redevelopment district will likely be expanded once, maybe twice in 2022.
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Property Brokerage:
TCI GROUP - JERRY PETZOLDT AGE
5 Red Bush Court Suite 20
Johnson City
TN
37601
Copyright © 2024 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.