Downtown Kingsport Mixed-Use
809 E Sullivan Street Kingsport, TN 37660
809 E Sullivan Street, Kingsport, TN, 37660
$319,900
For Sale
$319,900
COMMERCIAL - Kingsport, TN
Property Size3,198 SF
Lot Size0.16 Acres
Price / SF$100.03
Days on Market48
Property Features for 809 E Sullivan Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B 2E
- Standard status
- Active
- APN
- 046o H 049.00
- Size
- 3,198 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1097
Utilities
- Utilities
- Phone Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Heat Pump (Heating)
- Cooling system
- Central Air, Heat Pump
- Water source
- Public
Building Details
- Year built
- 1940
- Building materials
- Brick
- Roof type
- Metal
Listing Agency
REMAX Checkmate, Inc. Realtors
(423) 282-0432
904 Sunset Drive Suite 1, TN
Listed by
Petra Becker · License #298523
(423) 791-9000
Added: May 31 Checked: Jul 17 at 1:06 am
MLS# 9996152
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 two-story brick building, constructed in the 1940s, is located in downtown Kingsport. The property offers a total of 3,198 square feet of finished space. The upstairs apartment, encompassing approximately 1,508 square feet, features two to three bedrooms, a living room area, a kitchen equipped with stainless-steel appliances, an updated bathroom, a copper sink, barn doors, and exposed brick walls. A washer and dryer are included. Additional amenities include a back patio, hot tub, storage building, privacy fence, and in-ground pool. The street-level storefront comprises 1,690 square feet and includes one bathroom, a large office or conference room at the rear, storage space, two additional offices, and a large reception or retail area, along with washer dryer hook up. The property's versatility allows for various uses, such as offsetting a mortgage with rental income or living upstairs and renting out the storefront. The location provides convenient access to shopping, dining, and I-26.
Key Highlights
- Two‑story brick building in downtown Kingsport offering versatile usage options.
- Upstairs apartment (approx. 1508 sq ft) features 2‑3 bedrooms, stainless‑steel appliances, updated bathroom, copper sink, barn doors, exposed brick walls, washer/dryer, back patio, hot tub, storage building, privacy fence, and in‑ground pool.
- Street‑level storefront (1690 sq ft) includes a large reception/retail area, two offices, a large office/conference room, one bathroom, storage, and washer/dryer hookup.
Local Financial Insights For Mixed Use
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 | $49.9k | $15.60 |
| − Vacancy | −$5.0k | −$1.56 |
| EGI | $44.9k | $14.04 |
| − OpEx | −$16.8k | −$5.27 |
| NOI | $28.1k | $8.77 |
3,198 SF · lease $15.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$705.9K
$617.6K – $823.5K
NOI $49,411 @ 7.0% cap · market cap 15.45%
Second Best
Mixed Use
$400.9K
$350.8K – $467.7K
NOI $28,062 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,832 @ 7.0% cap · market cap 26.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Brents Rental Property
Property Management Company
Kla Construction And Maintenance
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two-story brick building with storefront and apartment in downtown.
Where is this mixed-use property located?
The property is located at 809 E Sullivan Street Kingsport, TN.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Two‑story brick building in downtown Kingsport offering versatile usage options.; **Upstairs apartment (approx. 1508 sq ft) features 2‑3 bedrooms, stainless‑steel appliances, updated bathroom, copper sink, barn doors, exposed brick walls, washer/dryer, back patio, hot tub, storage building, privacy fence, and in‑ground pool.**; Street‑level storefront (1690 sq ft) includes a large reception/retail area, two offices, a large office/conference room, one bathroom, storage, and washer/dryer hookup.
