Property Description

Listing Status

• More Listing Info

  AC:Central Air	true
  AC:Wall Unit(s)	true
  Business Type:ProfessionalOffice	true
  Business Type:Residential2	true
  Business Type:Restaurant	true
  Business Type:Retail2	true
  Contract Info:Foreclosure	No
  Development Status:Infrastructure In	true
  Development Status:See Remarks37	true
  Electric Service:Other34	true
  Exterior Finish:Brick4	true
  General Property Description:# Parking Spaces	25
  General Property Description:Acres	0.41
  General Property Description:Annual Lease	0.0
  General Property Description:HOA YN	No
  General Property Description:Lease	No
  General Property Description:Lot Size2	150'x60'x50'x93'x101'x150'
  General Property Description:Total SqFt Finished	23000.0
  General Property Description:Total SqFt Unfinished	6000.0
  General Property Description:Zoning2	Commercial
  Heating:Central	true
  Heating:Electric	true
  Heating:Other12	true
  Info Available:Aerial	true
  Info Available:Floor Plan	true
  Location Tax Legal Info:Block	20
  Location Tax Legal Info:City Taxes	3627.66
  Location Tax Legal Info:County Taxes	3488.38
  Location Tax Legal Info:Deed Book #	3231
  Location Tax Legal Info:Deed Page #	1877
  Location Tax Legal Info:Lot #	12-
  Other Equipment:Basement4	true
  Other Equipment:Dishwasher2	true
  Other Equipment:Dryer2	true
  Other Equipment:Dumpster	true
  Other Equipment:Elevator2	true
  Other Equipment:Exterior Lights	true
  Other Equipment:Fire Sprinkler System	true
  Other Equipment:Range2	true
  Other Equipment:Refrigerator2	true
  Other Equipment:Security Fence	true
  Other Equipment:Washer2	true
  Property Condition:Above Average	true
  Remarks Misc:Directions3	From I 26 West take exit 4. Continue straight onto Old Wilcox Dr/S Wilcox Dr. Continue to follow S Wilcox Dr 2.6 mi. Turn left onto E Sullivan St 0.2 mi Slight left onto E Main St. Destination will be on the left.
  Remarks Misc:Public Remarks7	Positioned in the heart of downtown Kingsport, 453 E. Main Street presents an historically significant landmark offering a rare opportunity to acquire a mixed use asset combining eight beautifully built condominium units consisting of 4 floor plans and between 1250 and 1350 sf and approximately 6000 square feet of street level commercial space. This offering represents a scarce downtown mixed-use opportunity with built-in diversification and clear upside in a growing regional market. With a total of approximately 23,000 square feet, this property offers investors a compelling blend of in-place income, value-add potential and multiple exit strategies within the Tri-Cities area. This is a rare multi-use offering that contains gated, on premises parking and a brand new elevator. This is truly a ''lock and leave'' property. The residential component provides consistent cash flow and demand-driven occupancy, while the commercial space offers significant upside through lease-up, repositioning, or conversion to higher-yield tenancy. The asset's configuration allows for both stable long-term hold strategies and incremental value creation through operational improvements and rent optimization. Located along East Main Street, the property benefits from walkability, visibility, and proximity to regional economic drivers, with easy access to Johnson City and Bristol. Continued investment and revitalization in downtown Kingsport support long-term appreciation and tenant demand across both residential and commercial sectors. Stabilizing and increasing NOI through leasing and rent adjustments; repositioning the commercial component to attract destination retail, restaurant, or office users; executing a condo sell-off strategy to unlock individual unit value and leveraging the asset as a 1031 exchange replacement with scale and flexibility are just a few of the strategic pathways an investor may capitalize on. All information deemed reliable. Buyer and Buyers Agent shall confirm.
  Restrictions:See Remarks34	true
  Road Access:City Street	true
  Road Access:Dedicated	true
  Road Access:Easement	true
  Roof:Rubber	true
  Sale Includes:Other38	true
  Sewer:Public Sewer	true
  Water:Public	true
  Videos:	(none)
  Virtual Tours:	(none)

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