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1105 Lynn Garden Drive

Kingsport, TN 37665
  • $524,999
  • STATUS: Active
  • ON SITE: 550 Days
  • MLS #: 9945964
UPDATED: 130 min ago
$524,999
  • 0
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,500
    SQFT
  • $95
    $/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 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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© 2024 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: 2024-05-25T19:59:56.957.
www.house2homesearch.com/homes/134931265
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1105 Lynn Garden Drive Kingsport, TN 37665

  • Price: $524,999
  • Status: Active
  • On Site: 550 Days
  • Updated: 130 min ago
  • MLS #: 9945964
0
Beds
0
Baths
0
½ Baths
0.37
Acres
5,500
SQFT
$95
$/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 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.
Exterior Features

Construction Materials BlockBrick Roof MetalShingle

Interior Features

Building Area Total 5500 Cooling Central Air General Property Description Total Sq Ft Finish 5500 General Property Description Total Sq Ft Unfini 0 Heating Central Heating YN Yes

Property Features

Contract Info Auction No Contract Info Foreclosure No Contract Info Short Sale No Cooling YN Yes Current Financing None Documents Available [] Listing Terms Conventional New Construction YN No Other Equipment Additional Building(s)DishwasherDisplay WindowExterior LightsFreezerHandicap AccessInside StoragePole SignRangeRefrigerationRefrigeratorSmoke Detector(s) Property Condition Average Sewer Public Sewer Water Source Public Zoning B3

Listing information © 2024 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Ed Mahaffey of TCI Group - Jerry Petzoldt Agency, LLC: 423-230-0255.



© 2024 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: 2024-05-25T19:59:56.957.
 
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504 E Jackson Blvd
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