217 Broad St. Kingsport, TN 37660
Street-level retail on the first floor is fully occupied by six tenants in a renovated 1920 structure.
- Added:
- Jul 9, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 10 at 2:30 am
Property Features for 217 Broad St.
General Information
- Standard status
- Active
- Size
- 4,621 SF
- Property subtype
- Retail, Hospitality, Mixed Use
Building Details
- Year Built
- 1920
Listing office EXP Commercial (214) 718-7079
Listing date Jul 9, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of EXP Commercial
Investment Insights
Based on property information with market context.
The second and third floors are occupied by high-end residential lofts above the storefronts, providing a mixed-use configuration within the revitalized Broad Street corridor.
With the property fully occupied and income-producing from the first month of ownership, it is structured as a low-friction acquisition for investors, including those considering a 1031 exchange replacement. Rent roll and full financials are available upon execution of a confidentiality agreement (NDA). Buyers should consult their qualified intermediary and tax advisor regarding 1031 requirements.
Key Highlights
- First‑floor street‑level commercial space totals ±4,621 SF and is fully occupied by six established tenants.
- Renovated 1920 building with stabilized, fully leased income‑producing street‑level retail.
- Second and third floors are occupied by residential lofts above the storefronts.
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 | $72.1k | $15.60 |
| − Vacancy | −$7.2k | −$1.56 |
| EGI | $64.9k | $14.04 |
| − OpEx | −$24.3k | −$5.27 |
| NOI | $40.5k | $8.77 |
Alternative Uses
Property Analytics
Current Use by Public Records
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- Holston Florist Shop Inc — 1006 Gibson Mill Rd, Kingsport, TN 37660
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