112 Market St Kingsport, TN 37660-4232
- Retail space
- 5,703 SF
- 30.00 lot acres
Current Use by Public Records
- Retail space
Property Details for 112 Market St
- Year built
- 1920
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 30.00 lot acres
- Property size
- 5,703 SF
- Property type
- Retail space
- APN
- 082046P B 03300
- APU
- 082046PB03300
Description
This exceptional 5,625 square foot, two-story brick building is situated in the heart of downtown Kingsport, Tennessee, at 112 E Market Street, just a block from Broad Street. Currently vacant, this property presents a remarkable opportunity for either investment or owner-occupancy. The building boasts a desirable corner location on a 0.07-acre lot and offers a compelling blend of classic charm and modern potential. The ground floor, ideal for retail, open office space, or a variety of other businesses, provides ample room for a thriving enterprise. The expansive second floor presents a multitude of possibilities, from additional office space to residential conversion, subject to local zoning regulations. The asking price is $515,000, translating to $96 per square foot. This represents a significant value in a highly sought-after downtown location. While the first floor is also available for lease (see separate listing), this sale offers the unique advantage of complete ownership and control of this impressive property. The building's solid brick construction ensures durability and longevity, making it a sound investment for years to come. Don't miss this chance to acquire a piece of Kingsport's vibrant downtown scene.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $370,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $405,000
- 6.5%
- $380,000
- 7%
- $385,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $410,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $400,000
- Retail
- $340,000
- Mixed-Use
- $450,000
- Hospitality
- $420,000
- Educational
- $340,000
- Residential Income
- $335,000
- Energy
- $385,000
- Income-Based Land
- $340,000
- Food Service
- $440,000
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.56
- Latitude
- 36.5463
- CBSA code
- 28700
- CBSA name
- KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA