Drive-Around Warehouse Flex
343 E Sullivan Street Kingsport, TN 37660
343 E Sullivan Street, Kingsport, TN, 37660
$199,900
For Sale
$199,900
Flex warehouse with drive-around access and an accessible garage door for deliveries, storage, or shop use.
Property Size1,888 SF
Price / SF$105.88
Days on Market336
Property Features for 343 E Sullivan Street
General Information
- Standard status
- Active
- Size
- 1,888 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1947
Listing agency
Foundation Realty Group
(423) 218-9554
Listed by
Candace Fletcher · License #378500
Source
Xome
Added: Aug 21, 2025 Updated: Jul 21 at 3:59PM Checked: Jul 21 at 3:59PM
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 Foundation Realty Group
Investment Insights
Based on property information with market context.
This flex warehouse offers drive-around access with an accessible garage door, supporting practical day-to-day needs such as deliveries, storage, or workspace use. The property is presented as a fixer-upper, with “some TLC” indicated to bring the space to its intended form.
Located at 343 E Sullivan Street in the heart of downtown Kingsport, the site is described as having excellent road frontage in a high-traffic area, which can support visibility for an owner-operator or investor.
The adjacent property is also available for purchase, and the remarks indicate potential for expansion by acquiring both parcels.
Located at 343 E Sullivan Street in the heart of downtown Kingsport, the site is described as having excellent road frontage in a high-traffic area, which can support visibility for an owner-operator or investor.
The adjacent property is also available for purchase, and the remarks indicate potential for expansion by acquiring both parcels.
Key Highlights
- Flex warehouse on East Sullivan Street in downtown Kingsport
- Drive‑around warehouse access with an accessible garage door for deliveries, storage, or shop use
- Lot dimensions are 32.76 x 150 (IRR)
Local Financial Insights For Warehouse
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 | $18.8k | $9.96 |
| − Vacancy | −$940 | −$0.50 |
| EGI | $17.9k | $9.46 |
| − OpEx | −$2.7k | −$1.42 |
| NOI | $15.2k | $8.04 |
1,888 SF · lease $9.96/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$216.9K
$189.8K – $253.1K
NOI $15,185 @ 7.0% cap · market cap 7.60%
Second Best
Flex RnD
$195.7K
$171.2K – $228.3K
NOI $13,696 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$707.0K
$618.7K – $824.9K
NOI $49,492 @ 7.0% cap · market cap 24.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Atlas Culinary Concepts — 325 clinchfield st, kingsport, tn 37660
- Sweet and Savory Catering — 316 Cumberland St, Kingsport, TN 37660
FAQs
What type of property is this?
Flex space - Flex warehouse with drive-around access and an accessible garage door for deliveries, storage, or shop use.
Where is this flex space located?
The property is located at 343 E Sullivan Street Kingsport, TN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Flex warehouse on East Sullivan Street in downtown Kingsport; Drive‑around warehouse access with an accessible garage door for deliveries, storage, or shop use; Lot dimensions are 32.76 x 150 (IRR)
