1252 Bloomingdale Pike 35 Unit Apartment Building $3,300,000 ($94,286/Unit) Kingsport, TN 37660

FOR SALE-- This is a Great opportunity for a new user to take over a Former Assisted
Living Facility available on 30+-acres of property located in Northeast Tennessee in the City of Kingsport.
This 26,000+- sf adaptive reuse facility presents a unique opportunity for institutional
or government connected investors seeking a Mission-driven asset with strong demand
fundamentals and expansion potential. Originally Constructed as assisted living facility, it sits
on 30+- acres, and features 30-35 rooms/apartments, Conference and office spaces, large commercial
kitchen, connected to public water & sewer, making it ideal for a range of institutional or mixed use applications.
There are 3 patio homes already on the property plus lots of Room for additional individual homes to be
constructed. The property is a blank slate ready to be turned into whatever your repurpose or need may be.
The property allows for a wide range of potential uses such as Child Care, Medical, Nursing Home, Religious
Organization, Senior ( 55+)Housing Community, or a Transitional Housing and Veteran Services Center. With
the additional acreage the property could include a multi-Phase development plan, allowing for the construction
on 25-30 additional homes or many additional apartments to lease or sell to further expand the transitional
housing capacity. Additional Grant funding may be possible to bring the property to full operational capacity.
INVESTORS AND DEVELOPERS DON’T MISS THIS OPPORTUNITY!!