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| Bedrooms: | 0 | Full Bathrooms: | 0 | Half Bathrooms: | 0 |
| Type: | Multi Family | Sub Type: | Multi Family | MLS Number: | 9972460 |
| Living Area: | 0 | Lot Acreage: | 0 | Year Built: | 1920 |
| Elementary School: | Lincoln | Middle School: | Sevier | High School: | Dobyns Bennett |
Property Description
Welcome to a multifamily investment opportunity in the heart of downtown Kingsport, located in a Tax Opportunity Zone, providing valuable financial incentives for restoration and development! This partially renovated building offers three spacious residential lofts upstairs, an additional 2-bedroom, 1-bath unit downstairs, and a ground-floor retail space, giving you incredible flexibility for income generation and owner-occupier potential.
With brand-new plumbing and electrical systems already installed, the heavy lifting has been done—now it's time to bring your creativity and finish the lofts and retail space to your specifications. Each loft features high ceilings and large windows, offering modern, open living spaces. The retail space provides excellent visibility and high foot traffic, making it ideal for leasing to a business or for personal use.
The building comes with in-box appliances and fixtures ready for installation, offering you the freedom to customize and complete the interiors to your liking. Situated in a prime downtown Kingsport location, you'll be just steps from shops, restaurants, and cultural landmarks, enhancing the appeal for both residential tenants and retail clients.
This is a rare chance to secure a mixed-use property with financial benefits from the Tax Opportunity Zone, at a price that will increase as work progresses. Whether you're looking for rental income, business potential, or a unique live-work space, this building offers limitless possibilities! Act now and transform this property into a top-tier investment!
Listing Status
Active
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More Listing Info
AC:Heat Pump3 true Contract Info:Foreclosure No Easements:None12 true Exterior Finish:Brick4 true General Property Description:Acres 0.07 General Property Description:Elementary School3 Lincoln General Property Description:High School3 Dobyns Bennett General Property Description:HOA YN No General Property Description:Lot Dimensions Irr General Property Description:Middle School2 Sevier General Property Description:Total Units 4 General Property Description:Zoning2 B2 Heating:Heat Pump2 true Levels:Two true Location Tax Legal Info:Block 156 Location Tax Legal Info:City Taxes 805.71 Location Tax Legal Info:County Taxes 970.18 Location Tax Legal Info:Deed Book # 3491 Location Tax Legal Info:Deed Page # 291 Location Tax Legal Info:Lot # P 12 Remarks Misc:Directions3 E Center St to North on Cherokee St, property on corner of Cherokee and E Sullivan Remarks Misc:Public Remarks2 Welcome to a multifamily investment opportunity in the heart of downtown Kingsport, located in a Tax Opportunity Zone, providing valuable financial incentives for restoration and development! This partially renovated building offers three spacious residential lofts upstairs, an additional 2-bedroom, 1-bath unit downstairs, and a ground-floor retail space, giving you incredible flexibility for income generation and owner-occupier potential. With brand-new plumbing and electrical systems already installed, the heavy lifting has been done—now it's time to bring your creativity and finish the lofts and retail space to your specifications. Each loft features high ceilings and large windows, offering modern, open living spaces. The retail space provides excellent visibility and high foot traffic, making it ideal for leasing to a business or for personal use. The building comes with in-box appliances and fixtures ready for installation, offering you the freedom to customize and complete the interiors to your liking. Situated in a prime downtown Kingsport location, you'll be just steps from shops, restaurants, and cultural landmarks, enhancing the appeal for both residential tenants and retail clients. This is a rare chance to secure a mixed-use property with financial benefits from the Tax Opportunity Zone, at a price that will increase as work progresses. Whether you're looking for rental income, business potential, or a unique live-work space, this building offers limitless possibilities! Act now and transform this property into a top-tier investment! Structure Type:Multi Family true Style:Other53 true TopographyLot Description:Level2 true Unit 1:# Bathrooms5 2.0 Unit 1:# Bedrooms3 2 Unit 2:# Bathrooms4 1.0 Unit 2:# Bedrooms4 1 Unit 3:# Bathrooms3 1.0 Unit 3:# Bedrooms5 1 Unit 4:# Bathrooms2 1.0 Unit 4:# Bedrooms6 2 Water:Public true Videos: (none) Virtual Tours: (none)
Listing Courtesy:
Century 21 Legacy Col Hgts
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