Downtown Kingsport Mixed Use

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30704410
Property Subtypes: Convenience Store, Mixed Use, Restaurant, Street Retail, Other
Status: Pending
Building Size (RSF): 10,668 SF
Gross Building Area: See Agent
Sale Price: $352,000
Unit Price: $33 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/13/2022

Overview / Comments

Mixed-use building is available for sale next to Macado's in vibrant Downtown Kingsport. Located in an Opportunity Zone, this property has potential for retail/office on the approx. 5,790 SF main level and apartments/office on the approx. 4,878 SF upper level. The building has a new roof and water heater, and is situated next to a public parking garage.

From I-26: Take exit 1, then travel east on W Stone Drive. Turn right onto Fairview Ave. In 0.2 miles, turn left onto W Center St. In 1 mile, turn right onto Broad St. Subject will be on the right, next to Macado's.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 082 046I F 00600 000 2019
Zoning: B-2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Visibility: Good
Largest Nearby Street: W Center Street
Traffic/Vehicle Count: 16,559
Highway Access: I-26
Airports: Tri Cities Regional Airport
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1927
Parking Type: Surface
Parking Description: Next to public parking garage
Zoning Description: Central Business District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,705 38,760 67,781
Median Age: 38.22 43.42 43.63
Households: 2,016 17,328 29,709


Photograph of Listing Agent

John Speropulos, CCIM, SIOR

Mitch Cox Realtor, Inc. NETAR CMLS Member
Photograph of Listing Agent

Marc Murphy, CCIM

Mitch Cox Realtor, Inc. NETAR CMLS Member
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