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Blue Ridge Properties Listing
10384 Wallace Alley Street, Kingsport, TN 37663 (MLS #9991892)
Basic Information:
Bedrooms: 0
Full Bathrooms: 0
Half Bathrooms: 0
Type: Commercial Lease
Sub Type:
MLS Number: 9991892
Lot Acreage: 1.35000
Living Area: 8,000
Year Built:1996
Elementary School:
Middle School:
High School:
Public Remarks: 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 $1.35- 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.
Listing Courtesy:The Addington Agency Bristol
More Listing Info:
AC:Heat Pump3: true
Business Type:Distribution: true
Business Type:Manufacturing: true
Business Type:See Remarks33: true
Contract Info:Foreclosure: No
Development Status:Infrastructure In: true
Electric Service:See Remarks36: true
Exterior Finish:Block5: true
General Property Description:# Parking Spaces: 25
General Property Description:Acres: 1.35
General Property Description:Annual Lease: 75600.0
General Property Description:HOA YN: No
General Property Description:Lease: Yes
General Property Description:Lot Size2: 1.35 Acres
General Property Description:Price LeaseSqFt: 9.45
General Property Description:Total SqFt Finished: 8000.0
General Property Description:Total SqFt Unfinished: 0.0
General Property Description:Zoning2: MX
Heating:Heat Pump2: true
Info Available:Floor Plan: true
Info Available:Leases2: true
Info Available:Plat: true
Info Available:ProfitLoss Statement: true
Info Available:Survey2: true
Location Tax Legal Info:City Taxes: 3675.97
Location Tax Legal Info:ComplexInd Park: Wallace Alley Park
Location Tax Legal Info:County Taxes: 3534.83
Location Tax Legal Info:Deed Book #: 3537
Location Tax Legal Info:Deed Page #: 1793
Location Tax Legal Info:Lot #: 2R4
Other Equipment:See Remarks38: true
Possession:See Remarks17: true
Property Condition:Above Average: true
Remarks Misc:Directions3: I-81N to exit 63. Right on Airport Parkway. Business Park on left just before airport.
Remarks Misc:Public Remarks7: 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 $1.35- 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.
Restrictions:See Remarks34: true
Road Access:City Street: true
Roof:Metal3: true
Sale Includes:Fee Simple: true
Sewer:Public Sewer: true
Utilities:Electricity Connected: true
Utilities:Natural Gas Connected: true
Utilities:Sewer Connected: true
Utilities:Water Connected: true
Water:Public: true
