Two-Story Brick Mixed-Use
809 E Sullivan Street Kingsport, TN 37660
For Sale
$319,900
COMMERCIAL - Kingsport, TN
Property Size3,198 SF
Lot Size0.16 Acres
Price / SF$100.03
Days on Market60
Property Features for 809 E Sullivan Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B 2E
Standard status
Active
APN
046o H 049.00
Size
3,198 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
1097
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air, Heat Pump
Water source
Public
Building Details
Year built
1940
Building materials
Brick
Roof type
Metal
Listing Agency:
REMAX Checkmate, Inc. Realtors
(423) 282-0432
Listed By:
Petra Becker · License #298523
(423) 791-9000
Added: May 31
Changed: Jul 28
Last Checked: Jul 29 at 12:06PM
MLS# 9996152
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.
A rare downtown mixed-use opportunity featuring a 1940s two-story brick building with more than 3,100 finished square feet. The upstairs includes an apartment with approximately 1,508 square feet, with 2 or 3 bedrooms, a living room area, a kitchen with stainless-steel appliances, and an updated bathroom. The apartment also includes copper sink, barn doors, exposed brick walls, and a washer and dryer. Outdoor amenities include a back patio, hot-tub, and an in-ground pool, along with storage and privacy fencing.
The street-level first floor provides a storefront space of approximately 1,690 square feet, including one bathroom. The rear includes one large office or conference room, storage, and additional offices, along with a large reception or retail area. Washer and dryer hookups are also available on the first floor.
Zoned B 2E, the property sits on a 0.16-acre lot and is described as having easy access to I-26 and being close to shopping and dining.
The street-level first floor provides a storefront space of approximately 1,690 square feet, including one bathroom. The rear includes one large office or conference room, storage, and additional offices, along with a large reception or retail area. Washer and dryer hookups are also available on the first floor.
Zoned B 2E, the property sits on a 0.16-acre lot and is described as having easy access to I-26 and being close to shopping and dining.
Key Highlights
- 1940 two‑story brick building with over 3,100 finished SF and separate upstairs apartment and street‑level store front
- Upstairs apartment is approx. 1,508 SF with 2 or 3 bedrooms, living room, and kitchen with stainless‑steel appliances
- Upstairs includes an updated bathroom, copper sink, washer and dryer, and a back patio
Financial Insights For Mixed Use
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 | $49.9k | $15.60 |
| − Vacancy | −$5.0k | −$1.56 |
| EGI | $44.9k | $14.04 |
| − OpEx | −$16.8k | −$5.27 |
| NOI | $28.1k | $8.77 |
3,198 SF · lease $15.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$705.9K
$617.6K – $823.5K
NOI $49,411 @ 7.0% cap · market cap 15.45%
Second Best
Office B
$667.1K
$583.7K – $778.3K
NOI $46,696 @ 7.0% cap · market cap 14.60%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,832 @ 7.0% cap · market cap 26.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - Two-story brick building with a street-level storefront and an upstairs apartment, plus outdoor patio and in-ground pool.
Where is this live-work space located?
The property is located at 809 E Sullivan Street Kingsport, TN.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: 1940 two‑story brick building with over 3,100 finished SF and separate upstairs apartment and street‑level store front; Upstairs apartment is approx. 1,508 SF with 2 or 3 bedrooms, living room, and kitchen with stainless‑steel appliances; Upstairs includes an updated bathroom, copper sink, washer and dryer, and a back patio
