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%

The IDX display presents information sourced from the Tennessee / Virginia Regional Multiple Listing Service as of 11/22/2024. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified.

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