Pending
Active Under Contract
1225 East Stone Drive
Kingsport TN, 37660
$1,595,000
$122.69 per sqft
Pending
Active Under Contract
13,000 sqft
Commercial
Built in 1957
Looking for an investment opportunity in the heart of Kingsport? Don't miss this one! First time being offered on the market, we are pleased to officially offer the iconic Pratt's BBQ property for sale! Showcasing over 13,000+ sqft of usable space, this 0.97 +/- acre site features B3 zoning, and offers an ideal opportunity for redevelopment, or the possibility for someone to continue the legacy of operating as a restaurant. Promoting tons of potential with flexible zoning uses, this property could easily serve for a restaurant, QSR, financial institution, retail establishment, professional service hub, and so much more. Strategically positioned on a signalized intersection on Stone Dr, this well known staple offers high visibility promoting tons of exposure with over 31,000+ average daily traffic count (ADTC), pylon sign, and local familiarity stemming from a long standing history. Currently operated as a restaurant, this property comes equipped with a multiple fully outfitted commercial kitchens, full bar, ADA compliant bathrooms, executive offices, 3-phase power, multiple walk in freezers for cold storage, residential apartments for personal use or rental income, plus unique features that include multiple fireplaces, 3 car garage, dumbwaiter, and so much more. Offering multiple points of ingress, and egress; this property also offers easy access to all nearby highways, and interstates making your business easily accessible for anyone in the TriCities. Whether you're a developer looking to maximize the highest and best use for this coveted location, or an enterprising investor eager to start, relocate, or expand your business into the thriving Stone Dr corridor; this rare opportunity will not last long priced to sell at $1.75. Call today to schedule your appointment! This listing exclusively pertains to the building and its associated property. Pratt's business operations, its name, and any other intellectual property owned by Pratt's are expressl y excluded from the sale of this property. Proposed plans are available upon request, please see LA for further information. All information contained herein is deemed reliable but gathered from tax records and homeowner and is subject to buyers verification.
9965178
MLSⓇ ID
April 30, 2024
Listed
November 22, 2024
Updated
Map
1225 East Stone Drive
Kingsport TN, 37660
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Heat Pump, Other, See Remarks
Heating
Yes
Heating Description
Heat Pump, Other, See Remarks
Exterior/Building Features
Lot Size
0.97 Acres
Roof
Metal
Sewer
Public Sewer
Other Property Details
Area Name
412 - Highland,Fairacres,Preston For
Days on Market
141
Garage
No
View
No
County
Sullivan
Water Source
Public
Pool
No
Zoning
B3
Listing History
Date | Event | Price |
---|---|---|
9/17/2024 | Pending | — |
7/15/2024 | Price change | $1,595,000 -9% |