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Property profile & analytics

112 Market St Kingsport, TN 37660-4232

  • Retail space
  • 5,703 SF
  • 30.00 lot acres
OFF-MARKET
Value Estimation
$380,000
Last Sale
Aug 02, 2023
$415,000
Location Intelligence
Property ID
US80-1941917
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$5,000
$55,480
$60,480
-
$12,500
$138,700
$151,200
More about this property
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