215 Commerce St, Kingsport, TN 37660
For sale 6,500 SF downtown building occupied by a tavern with commercial kitchen and a craft distillery.
- Added:
- Jun 11, 2026
- Days on Market:
- 17
- Last Refresh:
- Jun 20 at 6:31 am
Property Features for 215 Commerce St
General Information
- Standard status
- Active
- Size
- 6,500 SF
- Property subtype
- Retail
Listing office EXP Commercial (214) 718-7079
Listing date Jun 11, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of EXP Commercial
HighLights
- Approximately 6,500 SF commercial building at 215 Commerce Street in downtown Kingsport
- 100% occupied by two tenants, including a tavern
- Tavern tenant includes a full commercial kitchen
- Second tenant is a craft distillery
Overview
The building is located in Downtown Kingsport, where the remarks indicate inventory in the downtown center is limited. The asset is positioned as part of the historic core of downtown, with no mention of new buildings being added to that center in the near term.
This setup offers practical fit for buyers seeking an already-leased hospitality-focused asset with an operating tavern concept supported by a commercial kitchen, along with a craft distillery use within the same property. Prospective tenants and operators may also look at the building’s current configuration as a guide to how hospitality and beverage production uses can be accommodated under shared ownership in a downtown setting.
Local Financial Insights For Specialty Retail
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 | $97.5k | $15.00 |
| − Vacancy | −$5.9k | −$0.90 |
| EGI | $91.7k | $14.10 |
| − OpEx | −$22.9k | −$3.53 |
| NOI | $68.7k | $10.58 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- The Sports Mill — 600 E Market St, Kingsport, TN 37660
- Perfect Pour — 117 Broad St, Kingsport, TN 37660
- Inspire Wine Bar — 116 Commerce St Suite 101, Kingsport, TN 37660
- bar — 118 E Market St, Kingsport, TN 37660
- High Voltage — 101 Cherokee St #30, Kingsport, TN 37660
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.559005
- Latitude
- 36.546231
