Kingsport, TN High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Kingsport, Tennessee Market population: 54K. Compare commercial properties across all major asset classes with...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Kingsport TN Properties: 72.5000%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Kingsport TN
Common questions from investors exploring commercial real estate in Kingsport TN.
What is the overall investment potential of Kingsport, TN, considering its demographic and economic factors?
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Kingsport, TN, with a population of 54,446 and a median age of 42.8, presents a stable investment market, given its median household income of $43,419 and a relatively high poverty rate of 18.1%, which is somewhat mitigated by a strong health insurance coverage rate of 92.1% and diverse top industries including Health Care & Social Assistance, Retail Trade, and Manufacturing.
How does the commute time and health insurance coverage impact the quality of life for renters in Kingsport, TN?
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The average commute time of 20.4 minutes, with 76.2% of commutes taking less than 30 minutes, combined with a high health insurance coverage rate of 92.1%, suggests a good quality of life for renters, which can lead to a more stable rental market, especially considering the top commute methods are primarily driving alone or carpooling, indicating accessible transportation options.
What role does ethnic diversity and the top industries play in assessing market demand for real estate investments in Kingsport, TN?
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The ethnic diversity, led by a predominantly White population (93.3%), along with smaller but significant Black or African American (3.4%) and Asian (1.4%) communities, contributes to a diverse market demand, while the top industries of Health Care & Social Assistance, Retail Trade, and Manufacturing provide a broad base of employment, suggesting a resilient demand for housing and rentals, influenced by the foreign-born rate of 2.1% and the GINI coefficient of 0.483 indicating moderate income inequality.
How do the poverty rate and employment statistics influence the potential for rental yield in Kingsport, TN?
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The poverty rate of 18.1% and an employed population of 24,301 suggest a working-class market with employment stability, which can be favorable for rental yield, especially when considering the median property value of $143,400 and median property taxes of $1,044, providing a potential for reasonable rental income, albeit with considerations for tenant quality and stability, given the health insurance rate and commute times.
What insights can be gleaned from the homeownership rate, median property value, and health insurance coverage for real estate investment strategies in Kingsport, TN?
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The high homeownership rate of 69.2%, combined with a median property value of $143,400 and a significant health insurance coverage rate of 92.1%, indicates a stable and potentially growing market, where investments in rental properties could be attractive, especially considering the relatively low median property taxes of $1,044, suggesting lower overhead costs for investors, and a market with a strong foundation in health care and social assistance, retail trade, and manufacturing.
Kingsport TN Real Estate & City Facts
Key facts and real estate information about Kingsport TN.
What are some of the best neighborhoods to live in Kingsport?
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Some of the best neighborhoods to live in Kingsport include West View Park, Vernon Heights, and Holston Heights. These neighborhoods offer varied living experiences and are popular among locals and newcomers alike. West View Park is known for its beautiful views, while Vernon Heights is a more historic neighborhood with a strong sense of community. Holston Heights is a great option for families, with its proximity to local schools and parks.
What are some fun things to do in Kingsport?
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There are plenty of fun things to do in Kingsport, including visiting the Warriors' Path State Park, Bays Mountain Park & Planetarium, and the Kingsport Carousel & Park. You can also explore the city's vibrant downtown area, which features a variety of shops, restaurants, and entertainment options. If you're looking for something unique, be sure to check out the Gypsy Circus Cider Company or take a stroll along the Green Belt.
What is the food scene like in Kingsport?
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The food scene in Kingsport is diverse and delicious, with a range of options to suit every taste and budget. Some popular restaurants include The Chop House, Riverfront Seafood Co., and Nick's Restaurant. There are also plenty of great food trucks and casual eateries, such as Evelyn's Kitchen Table and The Main Street Pizza Company. Whether you're in the mood for fine dining or a quick bite, Kingsport has something for everyone.
What are the pros and cons of living in Kingsport?
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One of the pros of living in Kingsport is its affordable cost of living, with a lower median home price compared to other cities in the region. The city also has a strong sense of community, with plenty of local events and festivals throughout the year. However, one of the cons is that the job market can be limited, and wages may be lower than in larger cities. Additionally, the city's economy has been impacted by the decline of the manufacturing industry, which can make it challenging for some residents to find employment. Overall, Kingsport is a great option for those who value a small-town feel and a low cost of living, but may not be the best fit for those looking for a more urban lifestyle or high-paying job opportunities.
Is Kingsport a good place to live?
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Kingsport can be a great place to live, depending on your individual preferences and priorities. The city offers a unique blend of small-town charm and natural beauty, with plenty of opportunities for outdoor recreation and community involvement. While it may not have all the amenities and job opportunities of a larger city, Kingsport is a great option for those who value a relaxed pace of life and a strong sense of community. Ultimately, whether or not Kingsport is a good place to live will depend on your individual needs and priorities, so it's worth doing your research and visiting the city to get a feel for it before making a decision.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Kingsport TN Commercial Property: $43,419
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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