Mixed-Use Condominium
453 E Main St. Kingsport, TN 37660
For Sale
Contact for pricing
Downtown Kingsport mixed-use property with eight condominium residences above approximately 6,000 sf of street-level retail.
Property Size23,155 SF
Price / SF$198.66
Days on Market122
Property Features for 453 E Main St.
General Information
- Standard status
- Active
- Size
- 23,155 SF
- Property subtype
- Mixed Use, Retail
Building Details
- Year Built
- 1916
Listing Agency:
Highlands Realty Inc
(423) 341-2408
Listed By:
Taylor Bettis · License #TN 349600; VA 0225243181
Source:
Crexi
Added: Mar 24
Changed: Jul 22
Last Checked: Jul 22 at 1:25PM
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 Highlands Realty Inc
Investment Insights
Based on property information with market context.
Located at 453 E. Main St. in downtown Kingsport, this historically significant mixed-use property combines eight condominium units with street-level commercial space. The residential component consists of 4 floor plans and unit sizes stated between 1,250 and 1,350 square feet.
The building also includes approximately 6,000 square feet of street-level commercial space. On-site amenities include gated parking and a brand new elevator, supporting convenient access to both the residential and commercial portions.
With a total property size of approximately 23,155 square feet, the configuration provides a vertical arrangement of residences over retail space within the same asset.
The building also includes approximately 6,000 square feet of street-level commercial space. On-site amenities include gated parking and a brand new elevator, supporting convenient access to both the residential and commercial portions.
With a total property size of approximately 23,155 square feet, the configuration provides a vertical arrangement of residences over retail space within the same asset.
Key Highlights
- 1916‑built downtown Kingsport mixed‑use property at 453 E. Main Street
- Eight condominium residences with 4 floor plans and unit sizes between 1,250 and 1,350 sf
- Approximately 6,000 sf of street‑level commercial space
Financial Insights For Retail
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 | $533.5k | $23.04 |
| − Vacancy | −$22.4k | −$0.97 |
| EGI | $511.1k | $22.07 |
| − OpEx | −$153.3k | −$6.62 |
| NOI | $357.8k | $15.45 |
23,155 SF · lease $23.04/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.11M
$4.47M – $5.96M
NOI $357,759 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$2.31M
$2.02M – $2.70M
NOI $161,748 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$8.67M
$7.59M – $10.12M
NOI $606,980 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Apartment building - Downtown Kingsport mixed-use property with eight condominium residences above approximately 6,000 sf of street-level retail.
Where is this apartment building located?
The property is located at 453 E Main St. Kingsport, TN.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: 1916‑built downtown Kingsport mixed‑use property at 453 E. Main Street; Eight condominium residences with 4 floor plans and unit sizes between 1,250 and 1,350 sf; Approximately 6,000 sf of street‑level commercial space
