With it being an income producing property that is producing no income.
It would appraise for well less than that now.
I would imagine that FMV would be in the $3-6mm range
East Town Mall
Re: East Town Mall
SSM 96/196
Re: East Town Mall
I'd go 900k. Be cool to have a mall/dedicated auto x site.
-
- Posts: 1503
- Joined: Wed Nov 02, 2011 4:19 pm
- Location: Kingsport, TN
Re: East Town Mall
Since they tore down the Sears part of the Fort Henry Mall in Kingsport, it's possible that there could be enough parking lot available on a Sunday for an event there. There are secondary areas with lousy paving that could be used for paddock and grid. The pavement on the main lot looks to be in good shape. I don't have an interest in pursuing this myself, but I though I'd throw it out there.
DeWitt Payne
2011 Mustang GT CAM-C
"Tires are meant to die young." Heyward Wagner
2011 Mustang GT CAM-C
"Tires are meant to die young." Heyward Wagner