300 E Sullivan Street Kingsport, TN 37660
COMMERCIAL - Kingsport, TN
- Added:
- Feb 5, 2026
- Days on Market:
- 159
- Last Refresh:
- Jul 14 at 3:06 am
Property Features for 300 E Sullivan Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B2
- Standard status
- Active
- APN
- 046p D 018.00
- Size
- 6,308 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1198
Building Details
- Year built
- 1920
- Building materials
- Brick
Listing agent Lynn Shipley License #347057 (423) 612-4905
Listing office TCI Group - Jerry Petzoldt Agency, LLC 5 Red Bush Court Suite 20, TN (423) 230-0255
Listing date Feb 5, 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.
Key Highlights
- Opportunity for investor or owner/occupant.
- Located in Downtown Kingsport on the corner of Sullivan and Cherokee Streets.
- Partially built out to house 4 loft apartments (two 1‑bedroom, two 2‑bedroom).
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 | $84.8k | $13.44 |
| − Vacancy | −$4.7k | −$0.74 |
| EGI | $80.1k | $12.70 |
| − OpEx | −$36.1k | −$5.72 |
| NOI | $44.1k | $6.99 |