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215 Commerce St
Kingsport, TN 37660
Asking Price
$980K
Asset Type
Restaurant Retail
Class
Class B
What's Special
Retail | 6,500 SqFt <ul><li>±6,500 SF historic Downtown asset</li><li>100% occupied with five active tenants — Ole Crow Tavern, King City Distillery</li><li>~$500,000 commercial kitchen and bar build-out in place (Ole Crow Tavern) —replication-cost protection for the next F&B operator</li><li>Working craft distillery with tasting room in place (King City Distillery)</li><li>B-2 Central Business District — one of Kingsport's most flexible zoning classifications</li><li>Qualified federal Opportunity Zone — sign
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NOI
$80,000
Cap Rate
8.16%
DSCR
1.37
Strong
Cash-on-Cash
7.42%
Monthly Payment
$4,848.505
Annual Cash Flow
$21,817.936
