255 Broad St Kingsport, TN 37660
Three-story historic landmark with cellar, rooftop deck, and intact bank vault in Kingsport’s B-2 Central Business District.
- Added:
- Jul 9, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 11 at 2:31 am
Property Features for 255 Broad St
General Information
- Standard status
- Active
- Size
- 26,100 SF
- Property subtype
- Retail, Office, Hospitality
Building Details
- Year Built
- 1927
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.
Located within Kingsport’s B-2 Central Business District and designated as an Opportunity Zone site, the property supports a wide range of permitted and conditional uses intended to encourage downtown redevelopment. The offering is situated along Broad Street with visibility and walk-ability, just steps from City Hall, restaurants, retail, entertainment, downtown employers, public parking, and ongoing public and private investment.
The redevelopment concept can be tailored to a range of hospitality, residential, office, entertainment, or retail formats, including the potential to assemble with neighboring downtown buildings under common ownership for a larger, coordinated destination.
Key Highlights
- Historic 1927 building originally built as the First National Bank of Kingsport with 26,100± SF and three stories plus a historic cellar.
- Elegant marble and limestone facade with exposed brick interiors, soaring ceilings, original architectural details, and an intact bank vault.
- Passenger elevator and expansive rooftop deck, creating built‑in amenity space for redevelopment concepts.
Local Financial Insights For Apartment 5plus
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 | $350.8k | $13.44 |
| − Vacancy | −$19.3k | −$0.74 |
| EGI | $331.5k | $12.70 |
| − OpEx | −$149.2k | −$5.72 |
| NOI | $182.3k | $6.99 |
