Drive-Around Warehouse and Flex
343 E Sullivan Street Kingsport, TN 37660
343 E Sullivan Street, Kingsport, TN, 37660
$149,900
For Sale
$149,900
COMMERCIAL - Kingsport, TN
Property Size1,760 SF
Lot Size0.12 Acres
Price / SF$85.17
Days on Market288
Property Features for 343 E Sullivan Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B 2
- Standard status
- Active
- APN
- 046o A 014.00
- Size
- 1,760 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 881
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Floor Furnace
- Water source
- Public
Building Details
- Year built
- 1947
- Building materials
- Vinyl Siding
- Roof type
- Built-Up, Composition
Listing Agency
Foundation Realty Group
(423) 218-9554
5205 Bobby Hicks Hwy Suite 10, TN
Listed by
Candace Fletcher · License #378500
(423) 817-9648
Added: Oct 3, 2025 Checked: Jul 17 at 2:06 pm
MLS# 9986611
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 property is a small drive-around warehouse and flex-style space with an accessible garage door, supporting uses such as storage, deliveries, or light industrial operations. The offering is described as a fixer-upper, indicating the building may benefit from some updates to align with an owner’s intended use. With its flexible configuration, it can be positioned for office, retail, or mixed-use conversion depending on the tenant or buyer’s goals.
Located at 343 E Sullivan Street in downtown Kingsport, the property is noted for excellent road frontage in a high-traffic area, which can help improve business visibility from the street. The listed zoning is B 2. The remarks also indicate that an adjacent property is available for purchase, which may allow for combined or expanded use.
For buyers and investors seeking a small footprint in a central setting, the accessible garage door and drive-around layout can be practical for service-oriented operators who need straightforward delivery and storage capabilities. For businesses looking to establish a ground-floor presence alongside operational space, the noted flexibility for office or retail supports multiple planning options. Interested parties should plan for renovations consistent with the property’s described condition.
Located at 343 E Sullivan Street in downtown Kingsport, the property is noted for excellent road frontage in a high-traffic area, which can help improve business visibility from the street. The listed zoning is B 2. The remarks also indicate that an adjacent property is available for purchase, which may allow for combined or expanded use.
For buyers and investors seeking a small footprint in a central setting, the accessible garage door and drive-around layout can be practical for service-oriented operators who need straightforward delivery and storage capabilities. For businesses looking to establish a ground-floor presence alongside operational space, the noted flexibility for office or retail supports multiple planning options. Interested parties should plan for renovations consistent with the property’s described condition.
Key Highlights
- 1947‑built property on East Sullivan Street in downtown Kingsport
- Drive‑around warehouse layout with an accessible garage door for deliveries, storage, or shop use
- Natural gas heat with floor furnace and natural gas available
Local Financial Insights For Flex RnD
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 | $21.1k | $12.00 |
| − Vacancy | −$1.5k | −$0.84 |
| EGI | $19.6k | $11.16 |
| − OpEx | −$6.9k | −$3.91 |
| NOI | $12.8k | $7.25 |
1,760 SF · lease $12.00/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Retail
$388.5K
$339.9K – $453.2K
NOI $27,193 @ 7.0% cap · market cap 18.14%
Second Best
Warehouse
$202.2K
$176.9K – $235.9K
NOI $14,155 @ 7.0% cap · market cap 9.44%
Theoretical Best
Office A
$659.1K
$576.7K – $768.9K
NOI $46,136 @ 7.0% cap · market cap 30.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Atlas Culinary Concepts — 325 clinchfield st, kingsport, tn 37660
- Sweet and Savory Catering — 316 Cumberland St, Kingsport, TN 37660
FAQs
What type of property is this?
Flex space - Drive-around warehouse with an accessible garage door and strong road frontage for flexible office, retail, or mixed-use use.
Where is this flex space located?
The property is located at 343 E Sullivan Street Kingsport, TN.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 1947‑built property on East Sullivan Street in downtown Kingsport; Drive‑around warehouse layout with an accessible garage door for deliveries, storage, or shop use; Natural gas heat with floor furnace and natural gas available
