UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,544 sqft
Price per Sqft $94
Subdivision Brookfield Place
MLS Listing ID 9998180
HOA Y/N No
Total Fin. Sqft 4544
Year Built 1970
Lot Size 0.350 Acres
Acres 0.35
Lot Dimensions 94x167.26 IRR
Source Tennessee/Virginia Regional MLS
Property Description
The commercial component consists of approximately 1,850 square feet divided into three suites of approximately 400, 600, and 850 square feet. The residential component features three fully occupied apartments on the lower level, creating six separate income streams within a single investment. The current gross scheduled rental income is approximately $47,940 annually, making this an attractive opportunity for investors seeking an established, income-producing asset rather than a lease-up project. Convenient street level parking for commercial clients & customers.
The property has benefited from significant capital improvements, including a roof that is approximately six years old, helping minimize near-term capital expenditures for a future owner. Its diversified tenant mix, established occupancy, and proven rental history provide a strong foundation for both experienced investors and those looking to expand their commercial real estate portfolio.
Conveniently located in an established commercial corridor of Kingsport, the property offers excellent accessibility to East Stone Drive, Interstate 26, John B. Dennis Highway, and the greater Tri-Cities region. Its location provides convenience for both commercial tenants and residential occupants while positioning the property within one of Northeast Tennessee's most established business markets.
Whether you're completing a 1031 exchange, expanding your investment portfolio, or searching for a stabilized mixed-use asset with immediate cash flow, 105 Brookfield Drive presents a compelling opportunity to acquire a fully leased property with multiple income streams, strong occupancy, and long-term investment potential in the growing Kingsport market. All information deemed reliable, but not guaranteed. Buyer and Buyer Agent to verify.
Location
State TN
County Sullivan
Community Brookfield Place
Area 0.35
Zoning B 3
Direction From Kingsport or Johnson City, take Hwy 36 into Colonial Heights and turn onto Brookfield Dr. Building almost immediately on right. (Pay attention not to confuse this Brookfield Dr with Brookfield Ln a few streets down.)
Interior
Heating See Remarks
Cooling See Remarks
Equipment Exterior Lights, Other
Heat Source See Remarks
Exterior
Roof Type Shingle
Road Frontage City Street
Building
Sewer Septic Tank
Water Public
Structure Type Aluminum Siding,Brick
New Construction No
Others
Senior Community No
Tax ID 107p A 017.00
Acceptable Financing Other
Listing Terms Other
Nearby Locations