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427 431 East Sullivan Street
Kingsport TN 37660
MLS #9991267 · Listing Courtesy of Selling Stateline Real Estate Group
$450,000
Active
4,430
Sq Ft
0.28
Acres
1920
Built
Property Description
Positioned in the heart of Downtown Kingsport, this versatile commercial property offers a rare opportunity to create multiple income streams in a highly visible and walkable location along E Sullivan Street. This listing includes 2 Parcels. Featuring a unique blend of commercial and residential potential, the property includes a studio apartment, flexible office or retail space, and a rare grass courtyard that provides an inviting outdoor setting seldom found in downtown environments.
At the rear of the property, two additional detached buildings open the door to expanded rental opportunities, creative workspaces, or additional business use, all complemented by dedicated parking. A pergola and storage building further enhance the functionality and usability of the outdoor areas.
Property is located in an Opportunity Zone. With the possibility for leased office space, short term rental potential in the studio apartment, and additional income producing units at the back, this property presents a compelling option for investors, entrepreneurs, or business owners seeking a dynamic live work or mixed use environment.
Recent improvements include a new HVAC system, and the roof has been inspected and confirmed to be in good condition. While some TLC may be desired, the property offers strong fundamentals and endless potential for customization and value add opportunities.
Whether you are looking to expand your portfolio, establish a downtown presence, or develop a creative multi-use space, this property delivers flexibility, location, and opportunity. All information to be verified by Buyer/Buyers Agent.
Property Facts
Property TypeCommercial Sale
MLS Number9991267
City Taxes$1,285.48
County Taxes$1,236.13
Features & Amenities
Interior
Additional Building(s)
Dishwasher
Heat Pump
Part Fenced
Exterior
Alley
Brick Exterior
City Street
Composition Roof
Infrastructure In
Other
Average Condition
Bar/Tavern/Lounge
Barber/Beauty
Below Average Condition
Electricity Connected
Fee Simple
Floor Plan
Natural Gas Connected
Professional/Office
Public Sewer
Public Water
Retail
Sewer Connected
Water Connected
Directions
From Center street heading into downtown, make right on E Sullivan and property will be on your right.
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Additional Information
Contract InfoForeclosureNoElectric ServiceOtherYesGeneral Property DescriptionAnnual Lease0HOANoLeaseNoLot SizeIRR 100 x151x75x95x25x55Road Frontage Length75Total Finished SqFt4,430Unfinished SqFt0ZoningB2Location Tax Legal InfoBlock60Deed Book #3,502Deed Page #303Lot #12RestrictionsSee RemarksYes
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