227 E Sullivan Street Kingsport, TN 37660
COMMERCIAL - Kingsport, TN
- Added:
- Feb 26, 2026
- Days on Market:
- 135
- Last Refresh:
- Jul 11 at 8:06 am
Property Features for 227 E Sullivan Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B2
- Standard status
- Active
- APN
- 046i D 023.00
- Size
- 8,600 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3495
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Natural Gas
- Cooling system
- Ceiling Fan(s), Heat Pump
- Water source
- Public
Building Details
- Year built
- 1917
- Building materials
- Brick
- Roof type
- Rubber
Listing agent Matthew McCrory License #347285 (423) 557-7839
Listing office eXp Realty, LLC 3401 Mallory Lane #100, Nashville, TN (888) 519-5113
Listing date Feb 26, 2026
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.
The property is located along E Sullivan Street in Kingsport, Tennessee, with nearby activity from established restaurants, retail shops, professional offices, and entertainment venues. Public remarks cite proximity to Model City Tap House, Main Street Pizza Company, The Mustard Seed Cafe, Kingsport Carousel & Park, and the Kingsport Farmers Market, contributing to a steady level of daytime and community traffic. The surrounding mix also includes local boutiques, service businesses, financial institutions, and municipal offices, reinforcing the property’s visibility within the business corridor.
For investors or buyers seeking a value-add opportunity, this asset provides a diversified foundation with commercial and residential components. The presence of both storefront and apartment space may appeal to tenants and operators looking for an income-producing setup in a well-established area. Buyer’s agent and buyer should verify all information, as details are deemed reliable but not guaranteed.
Key Highlights
- Mixed‑use building with 2 commercial storefronts and 4 residential apartments
- Built in 1917 with brick construction
- Public water and public sewer service
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 | $134.2k | $15.60 |
| − Vacancy | −$13.4k | −$1.56 |
| EGI | $120.7k | $14.04 |
| − OpEx | −$45.3k | −$5.27 |
| NOI | $75.5k | $8.77 |
