Mixed-Use Commercial Parcel
3209 Memorial Boulevard Kingsport, TN 37664
For Sale
$550,000
COMMERCIAL - Kingsport, TN
Property Size3,996 SF
Lot Size1.34 Acres
Price / SF$137.64
Days on Market108
Property Features for 3209 Memorial Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B3
Standard status
Active
APN
062h H 00100 001
Size
3,996 SF
Lot size
1.34 Acres
Taxes and HOA fees
Tax Annual Amount
994
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1950
Building materials
Brick
Listing Agency:
Selling Stateline Real Estate Group
(423) 343-9026
Listed By:
Brittany Reed · License #330034
(423) 773-9374
Added: Apr 13
Changed: Jul 24
Last Checked: Jul 29 at 9:06AM
MLS# 9993799
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale package includes multiple buildings and lots: an approximately 2,706-square-foot historic home, an 8-unit motel, and a separate office building that may accommodate multiple tenants or business operations. The historic home includes 3 bedrooms and 2 bathrooms and is described as retaining original character, with flexible potential for residential or commercial use subject to zoning. The motel is positioned as a renovation opportunity with continued lodging use or other permitted uses, and the office building offers space for business activity.
The property is located at 3209 Memorial Boulevard in Kingsport, Tennessee, and is described as having prime Memorial Blvd. frontage with convenient access and visibility. The package is sold together as parcels 062H H 001.00 (house + motel/office) and Clover St Lots 14 & 15 (062H H 010.00 & 062H H 011.00). All are zoned B-3 and R-1.
The seller notes that buyers and buyer’s agents should verify all information, including square footage, zoning, permitted uses, and development potential.
The property is located at 3209 Memorial Boulevard in Kingsport, Tennessee, and is described as having prime Memorial Blvd. frontage with convenient access and visibility. The package is sold together as parcels 062H H 001.00 (house + motel/office) and Clover St Lots 14 & 15 (062H H 010.00 & 062H H 011.00). All are zoned B-3 and R-1.
The seller notes that buyers and buyer’s agents should verify all information, including square footage, zoning, permitted uses, and development potential.
Key Highlights
- Zoned B‑3 and R‑1; being sold as a package including parcels 062H H 001.00 and Clover St Lots 14 & 15 (062H H 010.00 & 062H H 011.00).
- Includes an approximately 2,706 SF historic brick home built in 1950 with 3 bedrooms and 2 bathrooms.
- Also includes an 8‑unit motel with renovation potential and continued lodging use or other permitted uses.
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.9k | $15.00 |
| − Vacancy | −$7.2k | −$1.80 |
| EGI | $52.7k | $13.20 |
| − OpEx | −$27.7k | −$6.93 |
| NOI | $25.1k | $6.27 |
3,996 SF · lease $15.00/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Office B
$833.5K
$729.4K – $972.5K
NOI $58,348 @ 7.0% cap · market cap 10.61%
Second Best
Hotel Hospitality
$357.9K
$313.2K – $417.6K
NOI $25,055 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,750 @ 7.0% cap · market cap 19.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Toy Reid Eastman Employee Center — 400 s wilcox dr, kingsport, tn 37660
- HOPE VI & FreshStart Redevelopment — 1140 M.L.K. Jr Dr, Kingsport, TN 37660
- Garden Apartments — 1535 Fort Henry Dr, Kingsport, TN 37664
Frequently Asked Questions
What type of property is this?
Motel - Package includes a historic home, an 8-unit motel, an office building, and two additional lots, all zoned B-3.
Where is this motel located?
The property is located at 3209 Memorial Boulevard Kingsport, TN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Zoned B‑3 and R‑1; being sold as a package including parcels 062H H 001.00 and Clover St Lots 14 & 15 (062H H 010.00 & 062H H 011.00).; Includes an approximately 2,706 SF historic brick home built in 1950 with 3 bedrooms and 2 bathrooms.; Also includes an 8‑unit motel with renovation potential and continued lodging use or other permitted uses.
