1778 Fort Henry Dr, Kingsport, TN

Name: 1778 Fort Henry Dr, For Sale in Kingsport - Zoocasa
Brand: KW Johnson City
SKU: 10002567
Price: 1400000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,400,000

0030

MLS® 10002567

Overview

Key Facts

Type

Levels Commercial Sale

Size 8236 sqft

Garage

Taxes

Days Active 0

Lot Size 1.12 Acres

Approx. Age 1969

Avg. Price Per Sqft $169

MLS® Number 10002567

Property Address: 1778 Fort Henry Dr, Kingsport, TN, 37664-3227

Average square foot calculated using Size range provided by listing agent.

Description

THE SUITES AT FORT HENRY | EXISTING INCOME, UNIT EXPANSION & COMMERCIAL REPOSITIONING POTENTIAL. Offered at $1, 400, 000, The Suites at Fort Henry combines an established extended-stay & apartment operation with a defined renovation opportunity & multiple potential exit strategies. The offering consists of four contiguous parcels totaling approximately 1.03 acres, four buildings containing approximately 12, 586 gross square feet, & 19 existing units, including a detached residence. The asking price equates to approximately $73, 684 per existing unit. The existing unit mix includes 17 studio/one-bedroom units, one two-bedroom/two-bath apartment, & one detached three-bedroom/two-bath residence. As of September 22, 2026, 16 of the 18 units in Buildings 1 & 2 were leased, representing 88.9% occupancy within those buildings. The residence was held vacant. Select units have been renovated with kitchenettes, private bathrooms, luxury vinyl plank flooring, & updated finishes. Furnishings convey with the sale. The operating model combines weekly extended-stay rentals with longer-term residential accommodations; ownership currently pays utilities. The owner's stabilized pro forma for the existing 19-unit configuration indicates $247, 824 in annual gross potential rent & $104, 045 in stabilized net operating income, equivalent to a 7.43% stabilized cap rate at the asking price. These figures reflect modeled rents, vacancy & collection allowances, & normalized expenses, including management & replacement reserves. They are not current operating results. Historical financial statements & the detailed rent roll are available for buyer review. An owner-provided contractor scope estimates $305, 075 to complete 11 additional unfinished units, potentially increasing the property to 30 total units. The scope includes engineering, architecture, permits, exterior improvements, unit completion, fixtures, & appliances. At the OM's market-rent and 85% occupancy assumptions, those additional units could contribute approximately $112, 000 in annual effective gross income before incremental operating expenses. Optional parking & signage improvements, residence work, & other projects are separate from the primary renovation budget. All costs, approvals, & operating assumptions require independent verification. FOUR PARCELS, MULTIPLE STRATEGIES. Three parcels totaling approximately 0.77 acres are identified in the OM as B-3 Highway Oriented Business; the detached residence occupies a separate approximately 0.26-acre parcel identified as R-3 Low Density Apartment. The assemblage provides approximately 100 feet of Fort Henry Drive frontage, 180 feet of Memorial Court frontage, approximately 35 parking spaces, & public water, sewer, & electricity. Consider the possibilities: continue & improve the existing rental operation, complete additional units in phases, position furnished accommodations for contractors & traveling professionals, retain the residence for rental or management housing, or evaluate its separate sale. The commercial parcels also warrant investigation for a broader redevelopment strategy. The OM identifies hotel/motel, retail, restaurant, office, & other commercial uses within the reported B-3 district, subject to current zoning verification, site requirements, licensing, & governmental approvals. KINGSPORT CORRIDOR LOCATION. Located 0.3 mile from the Fort Henry Drive & Memorial Boulevard intersection, the property offers proximity to Fort Henry Mall, shopping, dining, Eastman's Kingsport campus, & area hospitals. This setting supports consideration of both housing-oriented operations & alternative commercial uses, with the opportunity to align future improvements with surrounding corridor activity. Conveying addresses include 1778 Fort Henry Drive, 2145 Memorial Court, and 2147 Memorial Court. Property tax amounts are combined for all four of the parcels. Tours by appointment. Buyer/Buyer Agent to verify.

MLS® Number10002567

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1969

Basement

Driveway

Garage Spaces

HeatHeat Pump, Baseboard

A/CCentral Air, Heat Pump, Window Unit(s)

Extras

Map

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

I want to view this property

Yes, I'd like to receive free weekly market insights and buying and selling tips. Unsubscribe at any time.

By pressing "Take a Tour", I confirm that I have read and agree to the eXp Privacy Policy, and Terms of Use.

By pressing "Take a Tour", I am electronically signing and consenting to receive marketing comms about real estate brokerage and mortgage lending services, delivered via email, phone and/or text (using "automated technology" such as an automatic telephone dialing system, and/or an artificial or prerecorded voice), from eXp Realty® and its independent contractor real estate professionals and their affiliate SUCCESS® Lending using the contact information I provided. Your consent is not a condition of purchase and you may revoke it at any time by replying "STOP" to any texts. Text HELP for more info. Message and data rates may apply. You may also contact us directly at 1-844-683-4664.

Similar Listings

Comparable Properties

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

eXp Realty holds real estate brokerage licenses in multiple states. Zoocasa (Canada), Inc. holds real estate brokerage licenses in multiple provinces. For information on licenses please contact us at [email protected]

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

MLS® Compliance Statements
Tony King – Designated Managing Broker, Broker Operations – TX.
Texas Real Estate Commission information about brokerage services
Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations. The Fair Housing Notice→

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H. Learn More→

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny – Designated Broker
eXp Realty of Southern California, Inc. | CA DRE# 02187306 | Gina Saad – Designated Broker
eXp Realty of Greater Los Angeles, Inc. | CA DRE# 02188471 | Anita Cruz – Designated Broker
eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas Penny – Designated Broker
Fair Housing and Reasonable Accommodations
DMCA Notice

2026 AODA Compliance Report
Feedback can be submitted through our standard communication channels such as our internal chat platform, email, phone etc., and accommodations are available upon request. Zoocasa reviews all feedback received, acknowledges concerns, and works to respond in a timely manner. Feedback is assessed and addressed appropriately to support continuous improvement of our services and accessibility practices.