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10384 Wallace Alley Street
Kingsport TN 37663
MLS #9991892 · Listing Courtesy of The Addington Agency Bristol
$1,195,000
Active
8,000
Sq Ft
1.35
Acres
1996
Built
Property Description
Looking for a turn-key investment in the heart of the Tri-Cities? Don't miss this one!
Offering 8,000± square feet of industrial space, this property is secured by a NNN lease with Trane U.S. Inc., a nationally recognized HVAC leader with over 15 years of operating history at this location.
Currently delivering approximately $75,600-$79,360 in annual NOI, this corporate-backed lease runs through August 2028, providing stable income with built-in rental growth and renewal potential.
Zoned MX (Mixed Use), this flexible zoning designation allows for a wide range of industrial, distribution, logistics, and service-based uses-- creating long-term adaptability and value beyond the current tenancy.
Strategically positioned in the Wallace Alley industrial corridor near the Tri-Cities Airport with convenient access to I-81, this centralized location supports efficient regional service routes, distribution operations, and light industrial users alike.
Whether you're an investor seeking predictable cash flow, a 1031 buyer looking to secure credit-backed income, or an operator planning for future occupancy, this asset offers flexibility, functionality, and long-term positioning in one of the region's most accessible industrial pockets. Priced to sell, this property will not last long at $1.195- call today to schedule your appointment! All information contained herein is collected from third party sources and is believed to be accurate but is also subject to buyer or buyers agent verification.
Property Facts
Property TypeCommercial Lease
MLS Number9991892
City Taxes$3,675.97
County Taxes$3,534.83
Features & Amenities
Interior
Heat Pump
Exterior
Block Exterior
City Street
Infrastructure In
Metal Roof
Other
Above Average Condition
Distribution
Electricity Connected
Fee Simple
Floor Plan
Leases
Manufacturing
Natural Gas Connected
Plat
Profit/Loss Statement
Public Sewer
Public Water
Sewer Connected
Survey
Water Connected
Directions
I-81N to exit 63. Right on Airport Parkway. Business Park on left just before airport.
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Additional Information
Business TypeSee RemarksYesContract InfoForeclosureNoElectric ServiceSee RemarksYesGeneral Property Description# Parking Spaces25Annual Lease75,600HOANoLeaseYesLot Size1.35 AcresLease Price/SqFt9.45Total Finished SqFt8,000Unfinished SqFt0ZoningMXLocation Tax Legal InfoComplex/Ind ParkWallace Alley ParkDeed Book #3,537Deed Page #1,793Lot #2R4Other EquipmentSee RemarksYesPossessionSee RemarksYesRestrictionsSee RemarksYes
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