255 Broad St Kingsport, TN 37660

Property Details for 255 Broad St

Year built

1933

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

50.00 lot acres

Property size

27,200 SF

Property type

Office Properties & Spaces

APN

082046P B 02700

APU

082046PB02700

Description

This exceptional 24,351 square foot mixed-use property, located at 255 Broad St, Kingsport, TN 37660, presents a compelling investment opportunity. Built in 1927, this three-story building sits on a 6,800 square foot lot and offers a blend of retail, office, and residential space, currently configured as a restaurant. The asking price is $2,607,000, translating to $100 per square foot. Situated in the heart of downtown Kingsport's revitalization zone, this property benefits from its prime location, proximity to local amenities, and access to government incentives. The property's diverse income streams, derived from its mixed-use nature, offer significant potential for value enhancement through renovations and lease optimization. The Opportunity Zone designation in Kingsport provides additional tax advantages for qualified investors. This property is ideal for those seeking a strong cash flow and the potential for significant capital appreciation in a thriving urban environment. The building's substantial size and versatile layout provide ample opportunity for creative redevelopment and adaptation to current market demands. The property's location within a revitalized downtown area ensures strong tenant demand and a vibrant surrounding community. This is a rare chance to acquire a significant asset in a rapidly growing market. Detailed financial information is available upon request.

Location Insight

City

Kingsport

County

Sullivan

State

Tennessee

Longitude

-82.5597

Latitude

36.5471

CBSA code

28700

CBSA name

KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments