Property profile

112 Market St Kingsport, TN 37660

OFF-MARKET
Retail space
Property ID
US80-1941917
5,703 SF 30 ac lot Built 1920
Entity Owned Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,703 SF
Lot 30 ac (1,306,800 SF)
APN 082046P B 03300
UPID US80-1941917

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

112 Market St Kingsport, TN 37660-4232
Kingsport metro Census 40200 KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

since 2026
Last sale
$415,000
6 recorded transactions
2026
Price N/A
2025
$352,000
2023
$415,000
2022
Price N/A
2022
$600,000
2007
$75,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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