1105 Lynn Garden Drive, Kingsport, TENNESSEE

$524,999

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5,500

Square feet

0.37

Acres

About 1105 Lynn Garden Drive

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.

Features of 1105 Lynn Garden Drive

MLS® # 9945964
Price $524,999
Bathrooms 0.00
Square Footage 5,500
Acres 0.37
Year Built 1946
Type Commercial
Status Active

Community Information

Address 1105 Lynn Garden Drive
Area 402 - Lynn Garden
City Kingsport
County Sullivan
State TENNESSEE
Zip Code 37665

Amenities

Parking Spaces 45
Is Waterfront No

Interior

Heating Central
Cooling Central Air
Fireplace No

Exterior

Exterior Block, Brick
Roof Metal, Shingle

Additional Information

Date Listed November 21st, 2022
Days on Market 591
Zoning B3
Foreclosure No
Short Sale No

Listing Details

OfficeTCI Group - Jerry Petzoldt Agency, LLC

Listing Map

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