Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Commercial Sale

Sub Type:

MLS Number: 9991267

Lot Acreage: 0.28000

Living Area: 4,430

Year Built:1920

Elementary School:

Middle School:

High School:

Public Remarks: 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.

Listing Courtesy:Selling Stateline Real Estate Group

More Listing Info:

AC:Heat Pump3: true

Business Type:BarberBeauty: true

Business Type:BarTavernLounge: true

Business Type:ProfessionalOffice: true

Business Type:Retail2: true

Contract Info:Foreclosure: No

Development Status:Infrastructure In: true

Electric Service:Other34: true

Exterior Finish:Brick4: true

General Property Description:Acres: 0.28

General Property Description:Annual Lease: 0.0

General Property Description:HOA YN: No

General Property Description:Lease: No

General Property Description:Lot Size2: IRR 100 x151x75x95x25x55

General Property Description:Road Frontage Length: 75

General Property Description:Total SqFt Finished: 4430.0

General Property Description:Total SqFt Unfinished: 0.0

General Property Description:Zoning2: B2

Heating:Heat Pump2: true

Info Available:Floor Plan: true

Location Tax Legal Info:Block: 60

Location Tax Legal Info:City Taxes: 1285.48

Location Tax Legal Info:County Taxes: 1236.13

Location Tax Legal Info:Deed Book #: 3502

Location Tax Legal Info:Deed Page #: 303

Location Tax Legal Info:Lot #: 12

Other Equipment:Additional Building(s): true

Other Equipment:Dishwasher2: true

Other Equipment:Part Fenced: true

Property Condition:Average: true

Property Condition:Below Average: true

Remarks Misc:Directions3: From Center street heading into downtown, make right on E Sullivan and property will be on your right.

Remarks Misc:Public Remarks7: 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.

Restrictions:See Remarks34: true

Road Access:Alley: true

Road Access:City Street: true

Roof:Composition: true

Sale Includes:Fee Simple: true

Sewer:Public Sewer: true

Utilities:Electricity Connected: true

Utilities:Natural Gas Connected: true

Utilities:Sewer Connected: true

Utilities:Water Connected: true

Water:Public: true