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Downtown Kingsport Opportunity Zone 223 Commerce St 11,250 SF Retail Building Kingsport, TN 37660 $1,388,000 ($123.38/SF)
Investment Highlights
- In a designated Opportunity Zone
- Full Redeveloped
- Centrally located to all of Downtown Kingsport
- Art Deco Brick Facade
- Historic Architectural Features
Executive Summary
-Built in 1933 as a Chrysler Dealership.
-Customer-facing Retail Space at the Front, Leading to a Dedicated Warehouse Area in the Rear.
-Completely Renovated with a spacious 75' Clear Span, Two Commercial Garage Doors, and Four Restrooms (Two Ada Compliant).
-Original Terrazzo Floors and Plaster Work.
-New Period-style lighting and HVAC Units Installed in 2015.
-Customer-facing Retail Space at the Front, Leading to a Dedicated Warehouse Area in the Rear.
-Completely Renovated with a spacious 75' Clear Span, Two Commercial Garage Doors, and Four Restrooms (Two Ada Compliant).
-Original Terrazzo Floors and Plaster Work.
-New Period-style lighting and HVAC Units Installed in 2015.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,250 SF
Building Class
C
Year Built/Renovated
1933/2015
Price
$1,388,000
Price Per SF
$123.38
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.26 AC
Opportunity Zone
Yes
Frontage
47’ on Commerce Street
Walk Score®
Very Walkable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | 046P-C-013.00 | Improvements Assessment | $141,800 |
| Land Assessment | $14,520 | Total Assessment | $156,320 |
Property Taxes
Parcel Number
046P-C-013.00
Land Assessment
$14,520
Improvements Assessment
$141,800
Total Assessment
$156,320
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Downtown Kingsport Opportunity Zone | 223 Commerce St
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