10384 Wallace Alley Street, Kingsport, TENNESSEE

$1,195,000

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8,000

Square feet

1.35

Acres

About 10384 Wallace Alley Street

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.

Features of 10384 Wallace Alley Street

MLS® # 9991892
Price $1,195,000
Square Footage 8,000
Acres 1.35
Year Built 1996
Type Commercial Lease
Status Active

Community Information

Address 10384 Wallace Alley Street
Area 411 - Airport,Fall Crk,Cooks Valley,
Subdivision Not In Subdivision
City Kingsport
County Sullivan
State TENNESSEE
Zip Code 37663

Amenities

Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Parking Spaces 25
Is Waterfront No

Interior

Heating Heat Pump
Cooling Heat Pump
Fireplace No
Has Basement Yes

Exterior

Exterior Block
Roof Metal

Additional Information

Date Listed March 5th, 2026
Days on Market 153
Zoning MX
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeThe Addington Agency Bristol

Listing Map

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