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1105 Lynn Garden Drive

Kingsport, TN 37665
  • $599,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 9945964
UPDATED: 31 min ago
$599,000
  • 0
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,500
    SQFT
  • $109
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1946
County:
Area:

School Ratings & Info

Description

OPPORTUNITY - OPPORTUNITY!! This property is the former Lynn Garden Restaurant and Catering Service. A successful restaurant location for over 50 years. 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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© 2022 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2022-12-08T17:00:37.477.
www.house2homesearch.com/homes/134931265
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1105 Lynn Garden Drive Kingsport, TN 37665

  • Price: $599,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 31 min ago
  • MLS #: 9945964
0
Beds
0
Baths
0
½ Baths
0.37
Acres
5,500
SQFT
$109
$/SQFT
1946
Built
Neighborhood:
Lynn Garden
County:
Sullivan
Area:
Lynn Garden
Property Description
OPPORTUNITY - OPPORTUNITY!! This property is the former Lynn Garden Restaurant and Catering Service. A successful restaurant location for over 50 years. 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.
Exterior Features

Exterior Finish BlockBrick Lot Size 170X95 Number Parking Spaces 45 Road Access City Street Roof MetalShingle

Interior Features

Ac Central Air Heating Central Number Restrooms 2 Total Sqft Finished 5500.00 Total Sqft Unfinished 0.00

Property Features

Annual Lease Amount 0.00 Auction No Business Type Restaurant City Taxes 1306.55 County Taxes 1673.75 Development Status See Remarks Easements See Remarks Electric Service 220 Volts Existing Finance None Financing Conventional Foreclosure No Info Available Traffic Other Equipment Additional Building(S)DishwasherDisplay WindowExterior LightsFreezerHandicap AccessInside StoragePole SignRangeRefrigerationRefrigeratorSmoke Detector(S) Property Condition Average Restrictions See Remarks Sale Includes See Remarks Sewer Public Sewer Short Sale No Water Public Zoning B3

Listing information © 2022 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Ed Mahaffey of Tci Group-Jerry Petzoldt Agency, Llc: (423) 230-0255.



© 2022 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2022-12-08T17:00:37.477.
 
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