Skip to content
Active

10384 Wallace Alley Street

Kingsport, TN 37663

$1,195,000/mo

  • 8,000sq ft
  • 1.35acres

About this property

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 details

Property type
Commercial Lease
Status
Active
MLS number
9991892
Living area
8,000 sq ft
Lot size
1.35 ac
Year built
1996
Subdivision
Not In Subdivision
Days on market
226
Price per sq ft
$149

Features

Systems

Heating
Heat Pump
Cooling
Heat Pump
Water
Public
Sewer
Public Sewer
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Construction

Roof
Metal
Materials
Block

Exterior and lot

Road frontage
City Street

Location and legal

County
Sullivan
Area
411 - Airport,Fall Crk,Cooks Valley,
Parcel number
094 009.94
Zoning
MX
HOA
None

Listing history

  1. Price reduced from $1,295,000 to $1,195,000
  2. Price reduced from $1,350,000 to $1,295,000
  3. Listed

Location

10384 Wallace Alley Street, Kingsport, TN 37663

Open in Google Maps

Similar homes nearby