Mixed-Use Condominium
For Sale
Contact for pricing
453 E Main St, Kingsport, TN 37660
Downtown Kingsport mixed-use property with eight condominium residences above approximately 6,000 sf of street-level retail.
Property Size23,000 SF
Price / SF$0.10
Days on Market215
Property Features for 453 E Main St
General Information
Standard status
Active
Size
23,000 SF
Additional Details
Multifamily Units
8
Amenities
gated parking
elevator
Building Details
Tenancy
Multi
Listing Agency:
Highlands Real Estate Sea Glass
(276) 676-2221
Listed By:
Taylor Bettis · License #349600
(423) 341-2408
Source:
Exprealty
Added: Mar 24
Changed: Oct 5
Last Checked: Oct 23 at 9:56AM
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 Real Estate Sea Glass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$160,665
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,213,300
$3.2M
Cap Rate 7%
$2,295,214
$2.3M
Cap Rate 9%
$1,785,167
$1.8M
Market Conditions
NOI Build-Up for 23,000 SF
Gross rent
$309.1K $13.44/SF
− Vacancy
−$17.0K −$0.74/SF
EGI
$292.1K $12.70/SF
− OpEx
−$131.5K −$5.72/SF
NOI
$160.7K $6.99/SF
Area
Sullivan County, TN
Vacancy
5.50%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,213,300
Cap Rate 7%
$2,295,214
Cap Rate 9%
$1,785,167
Alternative Uses
Best Use
Retail
$5.08M
$4.44M – $5.92M
NOI $355,364 @ 7.0% cap · market cap 15,864.46%
Second Best
Apartment 5plus
$2.30M
$2.01M – $2.68M
NOI $160,665 @ 7.0% cap · market cap 7,172.54%
Theoretical Best
Office A
$8.61M
$7.54M – $10.05M
NOI $602,916 @ 7.0% cap · market cap 26,915.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,452
Businesses Nearby
Explore this area
Business Placement
Demographics for 37660, TN
39,479
Population
20,405
Households
1.9
Avg Household Size
45
Median Age
24%
College-Educated
88%
High-School Grad
65.7 sq mi
ZIP Area
601
Density / Sq Mi
$46,913
Median Household Income
$34,164
Median Earnings
$833
Median Rent
$177,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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 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
