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Downtown Kingsport Opportunity Zone Portfolio Kingsport, TN 37660

For Sale
$13,437,000

Portfolio in a dynamic economic hub with growth potential.

Property size:
166,135 SF

Property Features for Downtown Kingsport Opportunity Zone Portfolio

General Information

Size
166,135 SF

Source: Lauren Morgan Agent Lauren Morgan

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Downtown Kingsport Opportunity Zone Portfolio

This portfolio is located in Downtown Kingsport, which has seen 641 families from 46 states relocate to the city in the past year, averaging 3 arrivals per workday. Kingsport is East Tennessee's most dynamic economic hub with exceptional growth momentum and market resilience. The area is among the region's tightest markets with a supply-demand imbalance. Kingsport has a rich industrial heritage dating to the early 1900s, anchored by major employers. From its origins as the highest navigable river port on the Holston River in the 1840s to its planned development as a "Model City" in 1917, Kingsport has enduring significance as a commercial center. Downtown Kingsport is poised for growth with existing lifestyle amenities and investment in urban renewal. Many of the properties in this portfolio have open layouts perfect for historic preservation and upscale lofts. The portfolio is an attractive value-add investment within an Opportunity Zone, offering an attractive cap rate, iconic architectural aesthetic and integrity, eye-popping historical exterior details, and is surrounded by free public parking. The property has a size of 166135 square feet.
Location Intelligence

Current Use by Public Records

Storefront properties

Map

City
Kingsport
County
Sullivan
State
Tennessee
Longitude
-82.6162
Latitude
36.4877

FAQs

What type of property is this?
Storefront property - Portfolio in a dynamic economic hub with growth potential.
Where is this storefront property located?
The property is located at Downtown Kingsport Opportunity Zone Portfolio Kingsport, TN.
What is the asking price?
The asking price for this property is $13,437,000.
What are key features of this property?
This property features: - Located in East Tennessee's most dynamic economic hub with exceptional growth momentum.; - Value-add investment opportunity within an Opportunity Zone.; - Attractive Cap Rate.
More about this property
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