215-223 Commerce St Kingsport, TN 37660

Built 1933

Property ID

US80-Q008558

$2,295,000

215-223 Commerce St, Kingsport, TN 37660
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Kingsport's steady, measured growth is its quiet advantage. Fast-growing markets like Nashville often overbuild during boom cycles and pay for it in vacancy spikes. Kingsport doesn't carry that risk. Commercial fundamentals here are unusually tight across every sector — Office at 4.0% vacancy, Retail at 1.5%, and Multifamily at 5.6%, all outperforming national averages. ±17,750 SF historic downtown asset across two street addresses (215 + 223 Commerce) in one building 100% occupied with four active tenants — two leases intentionally short-term for owner-operator flexibility ~$500,000 turnkey commercial kitchen and bar build-out in place (Ole Crow Tavern) Working craft distillery with tasting room in place (King City Distillery) Industrial-size overhead doors in the 223 Commerce gym bay — drive-in capable B-2 Central Business District — one of Kingsport's most flexible zoning classifications Qualified federal Opportunity Zone — significant tax advantages available TIF District PILOT District Tennessee Main Street boundary Eligible for Façade Grant Redevelopment Grant and Downtown Kingsport Loan Program Flood Zone B/X — outside the 100-year floodplain (buyer to verify) Sold together as one building under a single transaction