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Property profile & analytics
FOR SALE
Retail space

300 E Sullivan St Kingsport, TN 37660

3,768 SF 43 ac lot Built 1920
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US80-0815705
Property summary
AI-generated overview

This unique 6,400 square foot mixed-use property in downtown Kingsport, Tennessee, presents a compelling investment opportunity. Situated on a 0.07-acre lot at 300 East Sullivan Street (zip code 37660), this building offers a blend of commercial and residential space, perfect for a live-work lifestyle or as a rental income generator. The ground floor boasts a spacious storefront with large windows, ideal for retail or entertainment businesses, benefiting from high foot traffic and excellent visibility. Upstairs, three residential lofts are available – one two-bedroom, two-bathroom unit and two one-bedroom, one-bathroom units – all featuring high ceilings and ample natural light. An additional two-bedroom, one-bathroom unit is located on the ground floor. This property is located in a Tax Opportunity Zone, making it eligible for financial assistance from the City of Kingsport for renovations. The building is currently under active construction, so caution is advised during visits. Included in the sale price of $900,000 are brand-new, uninstalled kitchen appliances (refrigerators, dishwashers, ranges, microwaves), toilets, heat pumps, and bathroom and kitchen fixtures. The property can be purchased as a whole or the lofts sold individually. This is a rare chance to acquire a versatile property in a vibrant downtown setting, offering significant potential for both business and residential income. Don't miss this chance to own a piece of downtown Kingsport's revitalization.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,768 SF
Lot 43 ac (1,873,080 SF)
APN 082046P D 01800
UPID US80-0815705
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Robert Brents · 4 yrs held
Robert Brents
since 2022
Last sale
$305,000
2 recorded transactions
2022
$305,000
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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