Property profile

809 E Sullivan St Kingsport, TN 37660

FOR SALE
Retail space
Property ID
US80-1714019
3,380 SF 50 ac lot Built 1940
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A two-story mixed-use brick building constructed in the 1940s is located in Downtown Kingsport with approximately 50 feet of road frontage on East Sullivan. The first level provides street-grade space suitable for retail, service, or office use and contains approximately 1,690 square feet, one bathroom, a rear large office or conference room, storage, two offices, a larger reception or retail area, and washer-dryer hookups. The second level is an approximately 1,508-square-foot apartment with two or three bedrooms, a living area, exposed brick walls, a walk-in closet, one full bathroom, and included appliances; it also includes a copper sink and barn doors at the washer-dryer. Exterior amenities include a large exterior patio, a yard, and a pool, all enclosed by privacy fencing. The property permits signage and is situated to serve a high-traffic downtown setting near East Sullivan. The site covers approximately 0.16 acres and is configured to allow flexible use, including renting the site, using it for an owner-operator setup, or using it for passive income.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1940
Total area 3,380 SF
Lot 50 ac (2,178,000 SF)
APN 082046O H 04900
UPID US80-1714019

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Property Management Company
  • General Contractor

Location

809 E Sullivan St Kingsport, TN 37660
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
$660k
CAP Approach CAP
$805k
Comparable Approach Comparable
by Request
Blend (final) Blend
$660k

Owner & transaction history

since 2022
Last sale
$745,000
7 recorded transactions
2022
$745,000
2020
Price N/A
2019
Price N/A
2017
$35,000
2007
$52,500
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $440,000 +84.8%

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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More about this property
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