237-245 Broad St Kingsport, TN 37660
- Retail properties
- 22,300 SF
Current Use by Public Records
- Retail properties
Property Details for 237-245 Broad St
- Year built
- 1930
- Property size
- 22,300 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a 22,300 square foot, two-story executive office building situated on a 6,813 square foot lot at 237-245 Broad St, Kingsport, TN 37660. Built in 1930, this property offers significant value-add potential within Kingsport's revitalized downtown district. The asking price is $1,559,000, translating to $69.91 per square foot. Located in a thriving Opportunity Zone, this property benefits from various tax incentives. The portfolio's diverse income streams, derived from a mix of retail and office spaces, ensure a steady cash flow. Its prime location offers proximity to local amenities, government incentives, and a strong community, making it an attractive prospect for investors seeking immediate returns and long-term growth. The property's current configuration allows for creative updates and renovations to capitalize on the robust demand for commercial and residential spaces in this area. This presents a unique chance to contribute to the ongoing revitalization of downtown Kingsport, a community experiencing a renaissance focused on arts, culture, and commerce. The property's strong location enhances its desirability for tenants and patrons alike, due to its proximity to restaurants, shops, parks, and public transportation. This is an ideal opportunity for 1031 exchange investors.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.5599
- Latitude
- 36.5469
