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453 East Main Street
Kingsport TN 37660
MLS #9992800 · Listing Courtesy of Highlands Real Estate Sea Glass
$4,600,000
Active
23,000
Sq Ft
0.41
Acres
2026
Built
Property Description
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.
Property Facts
Property TypeCommercial Sale
MLS Number9992800
City Taxes$3,627.66
County Taxes$3,488.38
Features & Amenities
Interior
Basement
Central Air
Central Heating
Dishwasher
Dryer
Dumpster
Electric Heating
Elevator
Exterior Lights
Fire Sprinkler System
Range
Refrigerator
Security Fence
Wall Unit(s)
Washer
Exterior
Brick Exterior
City Street
Dedicated
Easement
Infrastructure In
Rubber Roof
Other
Above Average Condition
Aerial
Floor Plan
Professional/Office
Public Sewer
Public Water
Residential
Restaurant
Retail
Directions
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.
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Additional Information
Contract InfoForeclosureNoDevelopment StatusSee RemarksYesElectric ServiceOtherYesGeneral Property Description# Parking Spaces25Annual Lease0HOANoLeaseNoLot Size150'x60'x50'x93'x101'x150'Total Finished SqFt23,000Unfinished SqFt6,000ZoningCommercialHeatingOtherYesLocation Tax Legal InfoBlock20Deed Book #3,231Deed Page #1,877Lot #-12RestrictionsSee RemarksYesSale IncludesOtherYes
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