TN > Kingsport
Kingsport, TN 37665,1105 Lynn Garden DR
Kingsport, TN 37665,1105 Lynn Garden DR
Kingsport, TN 37665,1105 Lynn Garden DR
Kingsport, TN 37665,1105 Lynn Garden DR
Kingsport, TN 37665,1105 Lynn Garden DR
Kingsport, TN 37665,1105 Lynn Garden DR
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Jay Cottrell

Jay Cottrell

+1(423) 302-0862
$ 524,999
Est. payment | /mo

5,500 SqFt

Save
$ 524,999
Est. payment | /mo
Save

5,500 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,500 sqft

Price per Sqft $95

MLS Listing ID 9945964

HOA Y/N No

Total Fin. Sqft 5500

Originating Board Tennessee/Virginia Regional MLS

Year Built 1946

Lot Size 0.370 Acres

Acres 0.37

Lot Dimensions 170x95

Property Description

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.

Location

State TN

County Sullivan

Area 0.37

Zoning B3

Direction From West Stone Dr. take Hwy 36 Lynn Garden Dr. for 1.2 miles to restaurant location on the right at 1105 Lynn Garden Dr.

Interior

Heating Central

Cooling Central Air

Equipment Additional Building(s), Dishwasher, Display Window, Exterior Lights, Freezer, Handicap Access, Inside Storage, Pole Sign, Range, Refrigeration, Refrigerator, Smoke Detector(s)

Heat Source Central

Exterior

Roof Type Metal,Shingle

Road Frontage City Street

Building

Sewer Public Sewer

Water Public

Structure Type Block,Brick

New Construction No

Others

Senior Community No

Tax ID 030h D 031.00

Acceptable Financing Conventional

Listing Terms Conventional

Listed by Ed Mahaffey • TCI Group - Jerry Petzoldt Agency, LLC

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Jay has been in real estate since 2015 and has a track record of success and extremely happy clients!

+1(423) 302-0862

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1105 Lynn Garden DR